Growth of WeBuyCars
WeBuyCars Economic, Social, Environmental and Governance¹
Societal purpose: To accelerate sustainable mobility through innovation, simplicity, and trust.
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Governance
WeBuy Cars is a well-known and trusted brand in an industry where
historically trust has been lacking.
WeBuyCars is committed to transparency and reliability:
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All sales go through the FIC² process; and
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All cars come with an independent roadworthiness
evaluation.
The formalisation that WeBuyCars brings to the market ensures
that all funds flow through the formal banking environment.
Insurance and value-added products protect WeBuyCars'
customers.
cars
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Promoting climate resilience
Solar PV installed at 9 of the 15 supermarkets with 18% of our
electricity consumptions supplied by our onsite solar plants.
WeBuy Cars installed water flow meters on our rainwater
harvesting tanks, enabling us to measure our alternative water
sources 10 045 KL of rainwater usage measured from our tanks,
accounting for 21% of total water consumption.
WeBuyCars operates within the reuse aspect of the circular
economy by extending the lifespan of vehicles in South Africa. By
providing customers the option of purchasing pre-owned vehicles,
we actively reduce the demand for new vehicles and minimise the
associated carbon footprint.
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Hiring inclusively & Socio-economic development
265 jobs created in 2023 (FY22: 905).
243 youth jobs created (<25 years old) (FY22: 281).
X-celerate programme was designed, which is mapped as a
three-year learning journey across 3 different levels within the
organisation.
R6.9 million (FY22: R3.8 million) spent on socio economic
development.
Note 1: Reported as at 30 September 2023.
Note 2: Financial Intelligence Centre
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