JAMIE CARR: Cartrack: Stealing a march on crime
The company has achieved 25% subscriber growth in the year, on the back of an audited 91% stolen vehicle recovery rate
It’s no coincidence that the rapid innovation and entrepreneurial excellence one sees in many sectors has arisen in response to the failure of the state to provide the basic services that many a country would take for granted. Your standard well-managed Scandinavian democracy, for example, is unlikely to foster sustained investment in the likes of private education, private health care and crime prevention, because these sectors are well provided for by government in return for eye-watering income tax bills. The situation is a little different in SA, however, and these are areas in which the citizenry with the means to do so is running into the arms of the private sector at considerable speed. The likes of Curro in education and Discovery in health care are excellent examples of world-class operations springing up to address the limitations of the state’s offering. Similarly, small-cap Cartrack is developing a high-quality range of solutions to get your wheels back when lifted by fo...
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