“This is not an emotional decision at all — it’s about deciding who is the right person to head the business in a war,” says David Hurwitz, who stepped down as CEO of Transaction Capital this week after nine years at the helm, and 19 with the company.

It means that from December the business — which includes WeBuyCars and a fraying SA Taxi — will be headed by Jonathan Jawno. Along with Michael Mendelowitz and Rob Rossi, Jawno was one of the three founders of the business back in 2007...

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