Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 220

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 220
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 entered into in the normal
course of business and at prices available at negotiated terms. Whenever it exists, related party transactions also include transactions
with entities that are controlled or significantly influenced by any key management personnel.

Key management personnel are the persons who have authority
and responsibility for planning, directing and controlling the activities of the Group or the Company either directly or indirectly.

In addition to the information disclosed in Notes 11, 12
and 18 in the financial statements, the following transactions took place between the Group and related parties which does not include
any holding companies or associates and joint venture, at the terms agreed between parties:

28.1 Transactions with related parties

                                      Year ended February 28/29                                              
  Figures in Rand thousands                                2025                                              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales to related parties                                              27,296         30,730        20,139  
  Purchases from related parties                                     ( 146,871      ( 137,107      ( 92,520  
  Rent paid to related parties                                         ( 8,727        ( 8,468       ( 6,121  

28.2 Balances with related parties

                                       Year ended February 28/29                             
  Figures in Rand thousands                                 2025                             
 ─────────────────────────────────────────────────────────────────────────────────────────────
  Amount due from related parties                                         542             -  
  Amount due to related parties                                       ( 3,686      ( 12,230  
  Loan due from related parties                                        28,700        28,200  
  Loan due to related parties                                           ( 138         ( 924  

28.3
Key management compensation short term employee benefits

Key management personnel compensation comprised the following:

                                    Year ended February 28/29                                                          
  Figures in Rand thousands                              2025                  2024                  2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Short-term employee benefits                                     18,285                18,094                16,557  
  Post-employment benefits                                            456                   430                   378  
                                                                   18,741                18,524                16,935  

The amounts disclosed in the table are the amounts recognized
as an expense during the reporting period related to directors and key management personnel.

29.
RISK MANAGEMENT

The Directors have overall responsibility for the establishment
in oversight