WATCH: Marketing costs knock Karooooo’s profit

Karooooo, the new holding company for vehicle recovery and fleet management group Cartrack, has reported an 18% rise in revenue due to strong subscriber growth.

However, this has not filtered through to the company’s bottom line, with profit falling by 12% as the company incurred higher marketing costs.

Business Day TV spoke to Karooooo CEO Zak Calisto about the company’s interim results.