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Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
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Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
Key PointsZak Calisto’s controlling stake in Karooooo surpasses $1 billion, fueled by a nearly 30% share price jump to $53 in one month.Karooooo’s revenue grew 8.6% to R4.57 billion ($249.87M), driven by a 15% rise in subscription sales, its core income stream.Serving 2.6 million users across 23 countries, Karooooo exemplifies African tech’s global reach in fleet management and mobility analytics.Zak Calisto, a South African tech entrepreneur, h…
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