WeBuyCars growth a major driver of increased earnings for Transaction Capital
Transaction Capital reported strong results for the financial year ended 30th September 2022. Company Boss David Hurwitz says WeBuyCars continues to disrupt vehicle ownership in South Africa.
Transaction Capital’s acquisition of 75% of WeBuyCars boosted the company from a relatively small universe of 250 000 mini buses to 11million used cars. Earnings for WeBuyCars grew by 41% for the period and show no signs of slowing down.