Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 173

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 16F
Chunk 173
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Item 16F. CHANGE IN REGISTRANT’ S CERTIFYING ACCOUNTANT

As previously reported in our report
on Form 6-K filed on August 12, 2024, the Audit and Risk Committee of the board of directors conducted a review process to consider the
selection of our independent registered public accounting firm for the audit of our financial statements for the financial year ended
February 28, 2025, included in this annual report.

On August 5, 2024, following this
process, the Audit and Risk Committee recommended to our board of directors, the appointment of Deloitte & Touche, located in South
Africa, as our independent registered public accounting firm for the audit of our financial statements for the year ended February 28,
2025, and the dismissal of Ernst & Young LLP, subject to shareholder approval at the Annual General Meeting of Karooooo Ltd held on
August 29, 2024. On August 29, 2024, shareholders approved this appointment by a 99.63% majority vote.

Ernst & Young LLP issued an audit
report on our financial statements for the financial years ended February 29, 2024 and February 28, 2023. These reports did not contain
an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

During our two most recent financial years and
subsequent interim periods through August 12, 2024, we had no disagreements with Ernst & Young LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to its satisfaction,
would have caused Ernst & Young LLP to make reference in connection with its report. During our two most recent financial years there
were no reportable events as such term is defined in Item 16F(a)(1)(iv) of Form 20-F.

During our two most recent financial
years and subsequent interim periods through August 12, 2024, neither we, nor anyone acting on our behalf, consulted with Deloitte &
Touche on matters that involved (i) the application of accounting principles to a specified transaction, either completed or proposed,
the type of audit opinion that might be rendered on our financial statements, and neither a written report nor oral advice was provided
to us that Deloitte & Touche concluded was an important factor considered by the Company in reaching a decision as to any accounting,
aud