Asset manager Coronation backs WeBuyCars (WBC), recently unbundled from Transaction, to deliver better returns than what the market has now priced in.

WBC made a sparkling debut on the JSE in April, reflecting the company’s growth trajectory from a local start-up to a major player in the used car market. The second-hand car vehicle trader was valued at R8.3bn on Tuesday, up 2.55% on the day...

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