Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 71

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4
Chunk 71
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 our culture - accountability, integrity, service orientation, relationships, and
an entrepreneurial mindset - are core drivers of our success. As we have grown from a small South African company to a global enterprise
with more than 2.3 million subscribers, we have maintained a start-up culture that eschews hierarchy and where individual ownership, agility
and an entrepreneurial mindset remain key features of our everyday behaviors and operations. We have a highly proven service delivery
track record and are known for being quick to deploy and fast to respond.

Key Benefits to Our Customers

The relatively low monthly cost
and material return on investment realized by our customers favorably positions us in both weak and strong macroeconomic environments.
Our platform provides the following key benefits to our customers:

Increased safety: According
to Frost & Sullivan, Video Telematics can lower driver distraction by 80%, reduce speeding by 65% increase seatbelt use by 70% and
reduce collisions by 60%. Furthermore, the implementation of forward-looking collision avoidance technology could reduce rear-end crashes
by 28%, fatalities by 44% and injuries by 47%. In addition, Video Telematics can reduce accident claims by 25%.( Frost & Sullivan
 - Video Telematics is a New Safety Norm for Commercial Fleets: AI Powered Video Telematics - The Revolutionary Safety Tool;
June 2020).

Lower operating costs. Research by the U. S. Department of Transportation shows that implementing telematics can reduce unsafe driving by 60%, which can translate
into profit margin increases of 30% in commercial fleets as well as reduced emissions. (Study of the Impact of a Telematics System on
Safe and Fuel-Efficient Driving in Trucks, by Boodlal,
Leverson; Chiang, Kun-Hung; 2014-04-01).

In a recent survey of fleet managers
by Samba Safety, 39% of respondents indicated they have experienced reduced insurance premiums through insurer offered discounts and 25%
have benefited from reduced premiums as a result of a reduction in accidents. (2024 Telematics Report Connecting the Dots on Strategies
& Adoption). We believe that the AI-enabled real-time feedback through our platform supports coaching of drivers to engage in
behavior that lowers fuel consumption, reduces maintenance costs and improves on-road safety.

Increased workforce and
asset productivity. Real-time fleet oversight and analysis of data can assist fleet managers in planning better routes and times
for vehicles to be on the road, as well as planning