Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 166

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 15
Chunk 166
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 still classified as an Emerging Growth Company (“ EGC”),
under the Jumpstart our Business Startups Act (JOBS Act), the effectiveness of internal control over financial reporting as at February
28, 2025 need not be independently audited by the independent registered public accounting firm. This exemption was applied in the current
reporting cycle and our independent auditor has not audited the effectiveness of our internal control over financial reporting.

  CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING  
 ────────────────────────────────────────────────────────

Except as disclosed above, there
were no changes in our internal control over financial reporting that occurred during the year ended February 28, 2025 that have materially
affected, or are reasonably likely to materially affect, the Group’s internal control over financial reporting.

Limitations on effectiveness
of controls and procedures

In designing and evaluating the
disclosure controls and procedures and internal control over financial reporting, management recognizes that any controls and procedures,
no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition,
the design of disclosure controls and procedures and internal control over financial reporting must reflect the fact that there are resource
constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative
to their costs.

Item 16. RESERVED