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It’s one thing to witness the JSE’s struggling laggards quietly quit the bourse; another to watch one of the few successful small caps wade off. But Cartrack — whose shares have rallied a steamy 461% over five years — is now intent on a primary Nasdaq listing, with a secondary inward JSE presence for shareholders who opt to stay invested in the business under a scheme of arrangement announced last week. The FM spoke to CEO Zak Calisto.

A Nasdaq listing will clearly give you global clout, but it comes with a lot of strictures, like quarterly reporting. Critics argue that it drives all sorts of perverse corporate behaviour, including chronic short-termism. Are you prepared for this? Is it worth it?..

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