Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 113

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4A
Chunk 113
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 lending rate, which as at the date of this
annual report was 10.75%. Subject to completion of documentation, Capitec Bank has approved the extension of the expiry date to March
31, 2026.

As at February 28, 2025, ZAR 205.3 million (2024: ZAR 23.4
million) of the facility had been utilized.

Term loan facility

In February 2021, Cartrack Proprietary
Limited entered a funding facility (the “ Facility”) of ZAR 925.0 million with The Standard Bank of South Africa Limited. The
Facility consisted of an uncommitted term facility of ZAR 850.0 million and a committed term facility of ZAR 75.0 million. The Facility
was terminated on February 26, 2024.

Off-Balance Sheet Arrangements

We do not engage in any off-balance
sheet activities or have any arrangements or relationships with unconsolidated entities, such as variable interest, special purpose and
structured finance entities.

Contractual Obligations

The following table summarizes our contractual obligations
as at February 28, 2025.

The table below analyses the Group’s
financial liabilities into relevant maturity groupings based on the remaining period at the statement of financial position to the contractual
maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows and include contractual interest payments.

  At February 28, 2025           Less than                                                                                   
                                 1 year                                                                                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                 (in R thousands)                                                                            
  Term loans                                           306,556      6,355       6,355       6,289       16,414      341,969  
  Lease obligations                                     84,398      69,922      46,061      16,821      788         217,990  
  Trade and other payables                             414,147      —           —           —           —           414,147  
  Loan from a related party                                138      —           —           —           —               138  
  Bank overdraft                                       205,299      —           —           —           —           205,299  

  RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES  

For our disclosure in respect of research and development,
technology and intellectual property please refer to Item 4