In terms of the settlement, WeBuyCars has agreed to pay a R2.5m administrative fine and a R3.4m refund to affected consumers.

Under the transaction structure, WeBuyCars acquired 40% of GoBid from Taximart for R314.8 million, and a further effective 9% ...

A settlement involving WeBuyCars results in a hefty fine and consumer refunds, highlighting increased regulatory scrutiny in ...

JSE-listed used vehicle buyer and seller WeBuyCars (WBC) has agreed to pay a R2.5 million fine and R3.4 million in “consumer ...

Due to WeBuyCars not adhering to consumer rights regarding used cars, it now has to take the financial pain of refunds and ...

Consumers buying used cars have long worried about what could go wrong, but two recent consumer wins now offer greater ...

The National Consumer Commission announced on Tuesday it has entered into a settlement agreement with Webuycars.

Pre-owned vehicles reseller Webuycars has been fined R2.5 million and forced to issue refunds to some of its customers over ...

WeBuyCars will commence with trade on the Johannesburg Stock Exchange (JSE) on Thursday, 11 April 2024. Subject to fulfilment or waiver, which could be the case in the case of Unbundling Conditions, ...

Through a first-of-its-kind public-private partnership, the Road Traffic Management Corporation (RTMC) and WeBuyCars have launched an online vehicle registration system in South Africa. However, ...

Transaction Capital is considering unbundling WeBuyCars and listing it separately on the JSE. Transaction Capital CEO Jonathan Jawno revealed the possibility of a separate WeBuyCars JSE listing during ...

WeBuyCars announced it has signed lease agreements in prime locations in East London, Cape Town, and North West—with one opening for business as soon as next month—as it strives to double its market ...