Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 158

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 10
Chunk 158
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  DIVIDENDS AND PAYING AGENTS  

Not applicable.

  STATEMENT BY EXPERTS  

Not applicable.

  DOCUMENTS ON DISPLAY  

We are subject to the informational
requirements of the Exchange Act. In accordance with these requirements, we file reports and furnish other information as a foreign private
issuer with the SEC, including annual reports on Form 20-F and reports on Form 6-K. The SEC maintains an Internet website that contains
reports and other information regarding registrants, like us, that file electronically with the SEC. The address of that website is www. sec. gov.

  SUBSIDIARY INFORMATION  

Not applicable.

  ANNUAL REPORT TO SECURITY HOLDERS  

Not applicable.

Item 11. QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT RISK

We are exposed to market risks in the ordinary course of our business.
Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates.
Our market risk exposure is primarily the result of fluctuations in foreign currency exchange rates and interest rates. Please refer to
Note 29 to the accompanying consolidated financial statements included elsewhere in this annual report for information about quantitative
and qualitative disclosures about market risk.

Foreign Currency Risk

We conduct business in multiple
countries and currencies, and as a result, the Group is exposed to currency risk to the extent that sales, purchases, and borrowings of
the foreign operations are denominated in a currency other than the respective functional currencies of Group companies. The functional
currencies of Group companies are primarily the ZAR, USD, Euro, Thai baht, the Singapore dollar and Polish zloty.

(Refer to the Risk Factors note on foreign currencies
on page 23 and Note 29.2 (c) on Currency Risk on page F-47) At this time, we do not hedge our foreign currency risk.

Interest Rate Risk

Interest rate risk primarily relates
to our loan obligations with variable interest rates. For example, amounts outstanding under our Term Loan Facilities accrue interest
at variable rates linked to the South African prime rate and 12-month Euribor which exposes us to interest rate risk. Short-term deposits
held at banking institutions also carry interest rates at prevailing market conditions.

An increase of 100 basis points as at February 28, 2025 would have
resulted in ZAR 5.20 million in additional interest expenses. We have not entered into any financial instruments to mitigate interest
rate risk