WATCH: Why Cartrack cut its dividend

Cartrack has cut its final dividend for the year to end-February, despite higher profits, as it plans to invest for growth. The company’s subscriber base grew 28% to 960,798 in the year, helping it lift profit after tax by 16.3% to R361m.  Cartrack CEO Zak Calisto joined Business Day TV to discuss where the company will be investing as it looks for growth.

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