The JSE is set to welcome a new inward listing this week with Karooooo, the new holding company under which previously listed Cartrack will fall, set to make its debut on the mainboard on April 21.

In February shareholders in Cartrack, which provides fleet-management and vehicle recovery services in more than 20 countries, approved a plan to roll the company into its founder’s investment vehicle, Karooooo, which would then list itself on the Nasdaq with an inward listing on the JSE. The complex deal was done to open up Karooooo, the investment vehicle of Cartrack founder Zak Calisto, to larger pools of capital...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now