Wall Street analysts bullish on Karooooo, Cartrack owner, as it turbocharges growth. Listen to CEO Zak Calisto

Global analysts expect massive growth in the vehicle tracking industry in the next five years, with a major market report noting that investors haven’t yet cottoned on to the huge growth in this sector - partly because they don’t understand it. This week, excitement among Wall Street analysts was palpable at a presentation by Karooooo CEO and founder Zak Calisto, his first after the company listed on the Nasdaq last month. Smarteranalyst.com reports that Karooooo is tipped as a 'strong buy' among top analysts in the United States. Karooooo, which owns Cartrack, is a South African business success story, adding about 60% new subscribers in the fourth quarter to February 28 2021. In this interview with Jackie Cameron of BizNews, Calisto shares why the company is confident it is going to continue to scale up and grab market share across the globe. South African tech entrepreneur Calisto was speaking to Cameron from his headquarters in Singapore. Karooooo has a secondary listing on the Johannesburg stock exchange. Learn more about your ad choices. Visit megaphone.fm/adchoices