Zak Calisto sells R1.3bn worth of Karooooo stock
The CEO will still be the group’s largest shareholder, with 58%, when the transaction is complete
13 June 2025 - 08:15
Karooooo CEO Zak Calisto is selling R1.3bn worth of shares in the technology group he founded in a secondary public offering.
On Thursday, the Cartrack owner announced the pricing of an underwritten secondary public offering of 1.5-million ordinary shares held by Calisto at a price of $50 per share for total gross proceeds of about $75m (R1.34bn). ..
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