We confirm the orbital period of WX Cen ≡ WR 48c determined by Diaz & Steiner and refined its value to P orb = 0.416 961 5(±22) d. The light curve of this object has a peak-topeak variation of approximately 0.32 mag. It is non-sinusoidal in the sense that it has a V-shaped narrow minimum, similar to the ones seen in V Sge, V617 Sgr and in compact binary supersoft sources (CBSS).Most of the emission lines in the optical spectrum are due to Balmer, He II, C IV, N V, O V and O VI. An analysis of the He II Pickering series decrement shows that the system has significant amount of hydrogen. The emission lines of He II 4686 Å became weaker between the 1991 and 2000/2002 observations, indicating distinct levels of activity. The spectra of WX Cen show variable absorption features in the Balmer lines with V = −2900 km s −1 and in emission with V = ±3500 km s −1 . These highly variable features remind us of the satellite emission lines found in the spectra of CBSS.We estimate the colour excess as E(B − V ) = 0.63 on the basis of the observed diffuse interstellar band at 5780 Å. Given the distance-colour excess relation in the direction of WX Cen, this implies a distance of 2.8 ± 0.3 kpc. Interstellar absorption of the Na I D lines show components at −4.1 km s −1 , which corresponds to the velocity of the Coalsack, and three other components at −23.9, −32.0 and −39.0 km s −1 . These components are also seen with similar strengths in field stars that have distances between 1.8 and 2.7 kpc. The intrinsic colour of WX Cen is (B − V ) 0 = −0.2 and the absolute magnitude is M V = −0.5.Extended red wings in the strong emission lines are seen. A possible explanation is that the system has a spill-over stream similar to what is seen in V617 Sgr. We predict that when observed in opposite phase, blue wings would be observed. A puzzling feature that remains to be explained is the highly variable red wing (V ∼ 700 km s −1 ) of the O VI emission lines as well as of the red wings of the H and He lines.The velocity of the satellite-like feature is consistent with the idea that the central star is a white dwarf with a mass of M ∼ 0.9 M . With the high accretion rate under consideration, the star may become a Type Ia supernova (SN Ia) in a time-scale of 5 × 10 6 yr.