Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
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Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 3
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Item 3. KEY INFORMATION

  RESERVED  

  CAPITALIZATION AND INDEBTEDNESS  

Not applicable.

  REASONS FOR THE OFFER AND USE OF PROCEEDS  

Not applicable.

  RISK FACTORS  

You should carefully consider
the risks and uncertainties described below and the other information in this annual report before making an investment in our ordinary
shares. Our business, financial condition or results of operations could be materially and adversely affected if any of these risks occurs
and as a result, the market price of our ordinary shares could decline and you could lose all or part of your investment. Additional risks
and uncertainties not currently known to us, or which we currently deem immaterial, may also adversely affect our business, financial
condition or results of operations. This annual report also contains forward-looking statements that involve risks and uncertainties.
See “ Special Note Regarding Forward-Looking Statements”. Our actual results could differ materially and adversely from those
anticipated in these forward-looking statements as a result of certain factors, including the risks described below and elsewhere in this
annual report.

A summary of the risk factors is followed by a detailed
description of each risk factor.

RISK FACTOR SUMMARY

Risks Relating to Our Business and Operations

  We may not be able to add new customers and retain existing                                                      
  customers, which could have a material adverse effect on our ability to grow our business and increase revenue.  
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  We may not be able to retain or drive margin expansion with                  
  our existing customers, which could adversely affect our financial results.  
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  The effects of a pandemic or widespread outbreak of an illness,                                                                              

  Our inability to adapt to rapid technological change in our                                                                         

  Our inability to successfully recover should we experience                                                                                  

  The global market for SaaS fleet management solutions is                                                                   
  highly fragmented and competitive. If we do not compete effectively in such markets, our operating results may be harmed.  
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  An increase in factory-fitted or embedded telematics technology                                                                         

  Our dependence on various lead generation programs could                                                                              

  If we are unable to successfully convert customer sales leads                                                      

Risks Relating to Our Reliance on Third Parties

  The conduct of third party security officers engaged in stolen                                                                   

  We