Karooooo Ltd (KRO) is a Singapore-based company which focuses on designing and developing software solutions, particularly through the provision of a mobility SaaS platform for differentiated insights and data

This technology allows users to optimize their workforce output, improve efficiency, decrease costs, enjoy better safety, monitor environmental impact, assist with regulatory compliance, and manage risk.

Karooooo Ltd has differentiated itself through its primary subsidiary, Cartrack, which makes use of Karooooo Ltd.’s proprietary SaaS platform to provide customers with real-time data analytics solutions for smart transportation to over 1.3m connected vehicles.

Cartrack has shown a history of strong organic growth since the company was first launched in 2004.

This growth can be seen in Cartrack’s broad global footprint in 23 countries across Africa, Europe, North America, Asia Pacific, and the Middle East.

With an active subscriber base of more than 1.175 million, the Group ranks among the largest of its peer companies globally.

Cartrack, the main subsidiary of Karooooo Ltd. is a prominent global SaaS platform provider for small, medium, and large businesses and consumers who require software platform for data

Many such businesses today required the ability to run efficient metrics to optimise fleets, driver behaviour, insurance risk, safety, and asset recovery.

To differentiate itself in the market, data analytics remain Cartrack’s primary offering alongside the ongoing growth of its artificial intelligence and value-added services.

The combination of its core software offering with these services allow Cartrack to deliver a real return on investment to its investors.

Added to this, Cartrack is also known for the efficient and speedy development of first-to-market solutions that are aimed at further enhancing customer experience.

Cartrack operates as a vertically integrated service-centric organisation owning all its unique intellectual property and business processes ranging from proprietary design, device and software development, mobile-technical-workshops, and sales.

Due to this model, Cartrack is in full control of delivering competitive service while also protecting its industry-leading margins and maintaining a clean balance sheet.

Karooooo Ltd trades on the Johannesburg Stock Exchange (JSE) where investors can buy shares under the stock symbol –KRO. Karooooo is offering 2,500,000 of its ordinary shares pursuant to the Primary Offer and Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer is offering 1,500,000 of Karooooo’s ordinary shares pursuant to the Sell-down.

In addition, the underwriters of the Initial Public Offering will have an option to purchase up to an additional 600,000 ordinary shares from Karooooo. The price per ordinary share will be determined following the bookbuilding process. Karooooo has also applied to list its ordinary shares on the Nasdaq Global Select Market under the symbol “KARO.”

Eligible Cartrack Shareholders are advised that the increase in the number of Karooooo shares in issue pursuant to a Primary Offer would result in an increase to the total number of shares in issue on the JSE and a dilution to such Eligible Cartrack Shareholder’s percentage beneficial shareholding in Karooooo. The final issued shares of Karooooo will increase by the number of Karooooo Shares issued in a Primary Offer, plus the Shares that Eligible Cartrack Shareholders choose to accept in terms of the Reinvestment Offer.

Data from Karooooo Ltd.’s subsidiary, Cartrack’s 2025 financial analysis shows that the Group has continued to experience strong demand for its Software-as-a-Service “SaaS” platform. The latter months of the interim 2021 financial period saw the company record two of its best months of new subscriber additions.

This is largely owing to Cartrack’s predictable and resilient subscription-based business model, combined with its strategic broad industry approach and low customer and industry concentration risk. As a result, Cartrack has delivered a consistently strong year-on-year subscriber, subscription revenue and operating profit growth.

Cartrack’s customers, who operate across diverse industries and geographies, continue to derive significantly improved insights and value from the company’s dynamic and innovative SaaS platform. The subscriber turnout during the challenging period of the Covid pandemic has remained materially consistent with historical trends.

As such, collections improved significantly in Q2 vs. Q1, and the company’s balance sheet and prudent capital allocation remain key strengths. The listing’s impressive performance is set to deliver solid dividends and a strong share price for investors who choose to purchase shares today, securing a solid buy-in on the JSE in 2021 and in the future. For more information regarding the company’s forecast, the buy or sell of shares and the live price chart, visit the Johannesburg Stock Exchange or the company’s online Investor Relations page.

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