The Money Show WeBuyCars sinks 14% after profit warning. Old Mutual fork out R2.2bn 10X deal
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Oct 28, 2025 Warren Ingram, a personal finance expert and co-founder of Galileo Capital, dives into the risks and behavioral traps of 'buy now, pay later' schemes, highlighting the hidden fees that consumers should beware of. Azayam Planga, Chief Economist at Rand Merchant Bank, unpacks their latest report on African investment, revealing why Seychelles and Mauritius are top choices while analyzing Egypt and Nigeria's shifting standings. Their insights are crucial for anyone navigating the complex landscape of finance and investment opportunities in Africa.
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Used-Car Growth Versus Market Expectations
- WeBuyCars reported H1 headline earnings up 12–17% yet its share price fell about 13.5% as investors expected stronger growth.
- Faan van der Walt blamed softer H2 consumer credit and competition from cheaper new Chinese cars shifting buying patterns.
Chinese New Cars Reshape Used Market
- Chinese new-car imports are stealing market share in the mid-price segment and reducing demand for some used cars.
- Van der Walt expects these new cars to eventually feed the used market and increase turnover frequency over time.
Invest In Ops And Tech During Slowdown
- Invest in infrastructure and tech to sustain growth when market momentum slows.
- WeBuyCars built mega warehouses and launched Inspectify to scale inspections and improve transparency.
