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The biggest financier of SA taxis, Transaction Capital, has concluded an agreement to gain control of the biggest second-hand car platform in the country after negotiations that began two weeks ago.

The deal will see Transaction increase its stake from 49.9% to 74.9%, thereby taking control of WeBuyCars. The remaining 25.1% will be retained by the company’s founders, Dirk and Faan van der Walt...

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