Transaction Capital delights in WeBuyCars while SA Taxi struggles
Group is confident the second-hand car dealer will grow annual earnings
13 March 2023 - 20:36
Transaction Capital is bullish about the prospects of its crown jewel, WeBuyCars, saying on Monday that the second-hand car dealer has an unassailable dominance in the market.
However, the group warned in a trading update that WeBuyCars experienced some margin pressure in the first quarter of financial year 2023 and expects earnings to decrease for the half-year to end-March, though not more than 20%...
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