South African billionaire Zak Calisto’s fortune quintuples to $1.1 billion in eight years
South African billionaire Zak Calisto’s Karooooo stake is now worth about $1.1 billion, more than five times its 2018 value, as Cartrack keeps growing.
Cartrack
South African billionaire Zak Calisto’s Karooooo posts record $26 million quarterly operating profit
Karooooo, the vehicle-tracking company controlled by billionaire Zak Calisto, posted a record quarterly operating profit as Cartrack subscribers rose to 2.9 million.
South African billionaire Zak Calisto's stake in Karooooo crosses $1 billion again after record quarter
Karooooo founder Zak Calisto's direct stake is worth about $1.05 billion after record subscriber additions lifted the vehicle-tracking group's value to $1.81 billion.
Billionaire Zak Calisto's Cartrack faces scrutiny after a 29-year-old employee died at its Rosebank office
Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office on June 6, prompting calls for a Labour Department investigation.
South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Billionaire Zak Calisto's Karooooo crosses two million subscribers in South Africa with Cartrack
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.