Cartrack subscriber growth slows amid Covid-19 restrictions
Vehicle recovery company adds almost 180,000 subscribers to its base in financial year
06 May 2021 - 16:27
UPDATED 06 May 2021 - 18:27
Cartrack, which recently delisted from the JSE, grew its subscribers by more than a tenth for the financial year to end-February 2021, marking a slowdown in growth due to the effect of the Covid-19 pandemic.
On Thursday, Karooooo, the new holding company for vehicle recovery and fleet management group Cartrack, said the company had been able to grow subscriptions despite the effects of the Covid-19 pandemic, which had slowed new vehicle sales as lockdown restrictions came into effect...
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