Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 86

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4A
Chunk 86
---
 reporting purposes, we have organized our
operations into the following reportable segments, based on the nature of the products and services provided:

  Cartrack is a provider of an on-the-ground operational                                                                    

  Karooooo Logistics provides a software application                                                                                         

  Carzuka operated as a physical and e-commerce vehicle buying and selling marketplace which allowed customers to source, buy and sell vehicles efficiently and cost effectively. In the third quar...  
                                                                                                                                                                                                        
                                                                                                                                                                                                        
                                                                                                                                                                                                        
  There are many components within Carzuka’s platform that had                                                                                                                                          
  been built and developed and will continue to provide value to the existing Cartrack fleet platform. With effect from financial year 2025,                                                            
  Carzuka has changed the focus of its operations such that the nature of the underlying services offered now aligns with Cartrack’s                                                                    
  broader operations and has been integrated into that segment accordingly.                                                                                                                             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Since our founding, we have gained
vast expertise and enhanced our business in the following areas:

  Developing new software applications such as fleet management,      

  Assisting diverse enterprise customers in digitally transforming                                                                         

  Developing capabilities in data management at scale as well    

  Expanding our sales and marketing focus to include commercial  

  Expanding our geographic footprint.  

Our single user interface and
fully integrated cloud-based SaaS platform runs on internally developed and cost-effective smart IoT devices, enabling us to deliver a
unified and comprehensive service to our customers while maintaining control of our cost structure. Our discrete, sophisticated smart
devices stream data to the platform, facilitating informed decisions about optimal asset efficiency and productivity, including live tracking
and location of assets. Customers utilize the platform through an easily accessible web-based portal or mobile application, which is designed
to be easy to deploy across customers’ entire mobile asset fleets. Our devices can be installed in a range of mobile assets independent
of asset procurement, allowing our customers to integrate our solutions in existing or new vehicles. Our platform includes a wide range
of reliable services to effectively serve the needs of a geographically diverse range of clients. Where appropriate, partnerships with
third-party technology providers are established to create incremental value to customers in the markets we serve.

We believe that maintaining financial
discipline and prudent investment of capital provide a strong foundation for growth. In recent years, our business has demonstrated meaningful
scale, consistent