Cartrack, a leading global mobility solutions provider and subsidiary of Karooooo Limited (NASDAQ: KARO), today announced that it has surpassed two million active subscribers in South Africa, marking a significant milestone that underscores its market leadership and ongoing commitment to the South African market.

This achievement highlights Cartrack’s two-decade track record of sustained growth and operational excellence in South Africa, driven by its focus on product innovation, customer centricity, and disciplined execution. The company employs more than 5,500 people across the country and plays a meaningful role in supporting South Africa’s economic development and social uplifting.

“Reaching two million active subscribers is a remarkable achievement that reflects our leadership position, the strength of our business model and our dedication to the South African market,” said Zak Calisto, Group CEO of Karooooo. “South Africa remains a growing market with strong corporate governance. Demand for our technology platform has never been stronger, and we see a long runway for continued expansion as we deliver increasing value to our customers through our innovative products and service.”

About Karooooo

Karooooo digitally transforms physical operations by simplifying decision making. Through its cloud platform, Karooooo empowers businesses to conquer operations including fleet maintenance, fuel management and asset utilization, workforce management, logistics, safety, compliance, risk and environmental impact. Karooooo’s differentiated insights and analytics simplify day-to-day operations and enable businesses to decrease costs, increase efficiency, improve safety and strengthen workforce and customer satisfaction.

Karooooo is headquartered in Singapore and services more than 125,000 commercial customers and more than 2,650,000 active subscribers in more than 20 countries.

For more information, visit www.karooooo.com or by visiting the Karooooo Curation Investment Showcase at: Curation Connect – Karooooo Showcase, which includes Curation AI that answers questions about Karooooo.

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"Demand for our technology platform has never been stronger, and we see a long runway for continued expansion as we deliver increasing value to our customers through our innovative products and service," said Zak Calisto, Group CEO of Karooooo.