Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 2

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 3
Chunk 2
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 interruptions       
  or other matters, and any litigation against us could be costly and time-consuming to defend and could harm our business, financial condition  
  and results of operations.                                                                                                                     
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Risks Relating to Our Operations in South Africa and
Other Emerging Markets

  We conduct a material amount of our business in foreign currencies,      
  which heightens our exposure to the risk of exchange rate fluctuations.  
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Risks Relating to Investments in Singapore Companies

  We are incorporated in Singapore, and our shareholders may                                                                              
  have more difficulty in protecting their interests than they would as shareholders of a corporation incorporated in the United States.  
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Risks Relating to Our Ordinary Shares

  Our stock price may fluctuate and you could lose all or a  
  significant part of your investment.                       
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  As a foreign private issuer and “controlled company”                                                                                       
  within the meaning of the Nasdaq rules, we are permitted to, and we will, rely on exemptions from certain corporate governance standards.  
  Our reliance on such exemptions may afford less protection to holders of our ordinary shares.                                              
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  If we fail, for any reason, to effectively or efficiently                                                                   

RISK FACTORS

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.

We market and sell our mobility
data analytics solutions to a wide range of customers, from consumers and sole proprietors to small and medium-sized businesses and large
enterprises. To grow our revenue, we must continue to add new customers and subscribers and retain existing subscribers. Our strategy
is to increase new subscription sales by increasing penetration in our existing markets and with existing customers, upgrading and enhancing
our platform and solutions and by opportunistically entering new markets that represent a potential source of demand. Our success in adding
new customers may be tied to a number of factors, including demand for our SaaS platform, the rate of new vehicle sales, the success of
our sales and