At the seventh BizNews Conference BNC#7, WeBuyCars CEO Faan van der Walt shared how he and his brother Dirk turned a small backyard car-trading venture into a multi-billion-rand powerhouse. With no business plan and plenty of hard lessons, they navigated the challenges of scaling, digitalization, and market disruptions. Van der Walt’s keynote examined the principles, persistence, and pivotal moments that built one of South Africa’s most successful automotive businesses.
In a Q&A session with Bronwyn Nielsen, Faan van der Walt was joined by WeBuyCars co-founder Dirk van der Walt. They delved deeper into the company's culture, marketing strategy, and the challenges of operating in South Africa’s tough economic climate. They shared insights on leadership, recruitment, and transitioning from a startup to a listed powerhouse. The session also covered the evolution of instant payments, their approach to growth without business plans, and the art of managing risk in a fast-moving industry.
**We apologise that the picture quality in this recording appears dim and grainy. The venue lights were turned down to accommodate the visibility of the speaker's slideshow presentation, and as a result, lighting conditions were not optimal for filming. Our team did their best to bring as much light and clarity back into the video during post-production. We thank you for your understanding and hope you enjoy the video.
Video production by Ruan Erasmus
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