Cartrack, the owner-managed vehicle tracking group, plans to delist from the JSE then relist via a complex process that will see the founder’s investment vehicle acquire all the company’s shares then relist them on the Nasdaq with an inward listing on the local bourse.

The main rationale for the move appears to be to enable the company to tap global capital markets and accelerate its global growth ambitions...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now