Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 82

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4
Chunk 82
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 rely on a combination of trademark, copyright, and trade secret laws, as well as confidentiality procedures
and contractual restrictions, to establish and protect our intellectual property rights. We also license technology from third parties.
We believe our license agreements for third-party software and other intellectual property are generally consistent with industry standard
terms and conditions. See “ Risk Factors - Our SaaS platform relies on specific third-party software and any inability to license
or use such software from third-parties could render our platform inoperable.” Although the protection afforded by trademark, copyright,
and trade secret laws, written agreements and common law may provide some advantages, we believe that the following factors help us to
maintain a competitive advantage: the technological skills of our research and development personnel; frequent enhancements to our solutions;
and continued expansion of our proprietary technology.

Human Capital

As at February 28, 2025, we had
5,711 full-time employees of which 4,047 are located in South Africa, 310 are located in Africa-Other, 360 are located in Europe, and
994 are located in Asia-Pacific, Middle East and USA.

We have a team-oriented culture
and encourage candor from our employees, which we believe helps us to succeed and drive operational excellence. We also seek to, and have
a history of, promoting from within our organization as well as hiring top talent from outside of our Group to expand our capabilities.
We aim to hire individuals who share our passion, commitment and entrepreneurial spirit. We are also committed to diversity and inclusion
because we believe that diversity leads to better outcomes for our business and enables us to better meet the needs of our customers.

  ORGANIZATIONAL STRUCTURE  

The following table lists the entities which
are controlled by the Group.

                                                                                                         Country of               % holding      % holding  
  Company Name                                                Held by                                    incorporation                 2025           2024  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cartrack Holdings Proprietary Limited                       Karooooo Ltd                               South Africa                100.00          100.0  
  Carzuka.com Pte Ltd 1,5                                     Karooooo Ltd                               Singapore                        —          100.0  
  Karooooo Management Company Pte. Ltd.                       Karooooo Ltd                               Singapore                   100.00          100.0  
  Karooooo Software Pte. Ltd. 5                               Karooooo Ltd