Karooooo reported its best quarter yet in terms of the net number of new subscribers to Cartrack, which provides fleet-management and stolen-vehicle recovery services.
In the third quarter to end-November, the number of subscribers to Cartrack — which generates more than four-fifths of the group’s revenue — jumped 14% to 1.68-million, while it added 78,593 in net new subscribers on the back of strong demand from small and large enterprises.
Or listen to full audio
Subscribe for free episodes: iono.fm | Apple Podcasts | Spotify | Pocket Casts | Player.fm
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.