BNC#7 Faan & Dirk vd Walt: From backyard startup to Billion-Rand empire - The WeBuyCars story

Loading player...
At the seventh BizNews Conference BNC#7, WeBuyCars CEO Faan van der Walt shared the remarkable journey of how he and his brother Dirk turned a small backyard car-trading venture into a multi-billion-rand powerhouse. With no business plan and plenty of hard lessons, they navigated the challenges of scaling, digitalization, and market disruptions. Van der Walt’s keynote offered an inside look at the principles, persistence, and pivotal moments that built one of South Africa’s most successful automotive businesses.

In a Q&A session with Bronwyn Nielsen, Faan van der Walt was joined by WeBuyCars co-founder Dirk van der Walt and they delved deeper into the company's culture, marketing strategy, and challenges of operating in South Africa’s tough economic climate. They shared insights on leadership, recruitment, and the transition from a startup to a listed powerhouse. The session also covered the evolution of instant payments, their approach to growth without business plans, and the art of managing risk in a fast-moving industry.
25 Mar 2025 12AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min