OLX South Africa. Naspers Limited has announced that its classifieds business OLX Group will be investing R1.4 billion in South Africa’s specialised car purchasing service Webuycars. OLX South Africa is big and this could be exciting news for South Africans.
Webuycars was founded in 2001 by Faan and Dirk van der Walt. Webuycars.co.za operates used or pre-owned car marketplace in South Africa by offering specialised car purchasing service to people who want to sell their cars. According to WeBuyCars website, they offer free online valuations of your vehicle and make sure that you sell your car fast and in a safe way.
The combination of OLX South Africa’s proprietary online classifieds technology Webuycars’ specialised instant buying model will strengthen the overall pre-owned car ecosystem in South Africa by providing dealerships with improved access to stock and private buyers and sellers with an enhanced user experience focused on trust, safety and convenience, the company said in a statement.
“We believe that the technology and services from specialised car buying services like Webuycars can help improve the experience of classifieds users across our OLX platforms,” said Martin Scheepbouwer, CEO of the OLX Group.
“We are particularly impressed with the team’s focus on the customer and the lean operating model they have established and look forward to working together to empower car dealers and bring further convenience and trust to used car buying and selling in South Africa.
“We’re very excited about South Africa’s market potential and we’re committed to investing in great e-commerce businesses like Webuycars there.”
Naspers added that the investment forms part of parent company Naspers’ undertaking to accelerate growth in classifieds, online food delivery and fintech businesses globally.
If you are interested in selling your car through OLX South Africa or Webuycars, simply visit their official websites or call their telephone for more information.
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Zita Zimande is a sports news journalist from the University of Johannesburg. Besides being a sports fanatic, she loves to cook during her spare time.