South Africa’s van der Walt brothers see WeBuyCars lose $516 million to cheap Chinese cars
Billionaires Africa | 03.11.2026 21:25
WeBuyCars Holdings Ltd., the used-car dealer founded by South African tycoons Faan and Dirk van der Walt, has lost about R8.6 billion ($516 million) in market value this year as cheaper new cars from Chinese brands pull buyers away from the second-hand market.
