Karooooo looking to employ more people in SA as it gears up for growth

Cartrack owner Karooooo says not only has load shedding failed to derail over a decade of double-digit subscriber growth in SA, it's also looking to employ another 2 000 people in the country over the next few years.

SA's biggest vehicle tracker was still benefiting from its customers' pursuit of efficiency and competitive advantage, CEO Zak Calisto said on Tuesday. It is also yet to fully leverage its massive data pool on vehicle activity to benefit its growth businesses, vehicle-trading business Carzuka, and Karooooo Logistics, he said.

The company, valued at about R13 billion on the JSE, reported on Tuesday its subscribers in its core Cartrack business grew 13% to over 1.7 million in its year to end-February, with its attributable profits up a third to about R600 million. The company is also eyeing as many as 2.1 million subscribers for its 2024 year, which would represent growth of 23.5%.