South African billionaire Zak Calisto’s Karooooo drops below $1.5 billion
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
Karooooo Limited
South African billionaire Zak Calisto’s Karooooo posts $20.5 million profit in Q2 as subscriptions jump 20%
Calisto says subscription revenue growth accelerated to 20%, supported by strong unit economics and a clean balance sheet.
South African tech tycoon Zak Calisto’s Karooooo stake rebounds above $1 billion
South African tech billionaire Zak Calisto’s Karooooo holding tops $1 billion after a stock surge and robust earnings.
South African billionaire Zak Calisto to pocket $22 million in Karooooo dividends
Karooooo’s latest dividend will hand its billionaire founder a pre-tax windfall of more than $22-million.
South African billionaire Zak Calisto’s Karooooo to pay $38.6 million dividend to shareholders
Karooooo, led by Zak Calisto, approves $38.6 million dividend as revenue surges, fueled by Cartrack subscriptions and logistics growth in early FY 2026.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.
Zak Calisto joins African billionaire ranks after Karooooo stake tops $1 billion
His controlling stake in Karooooo has surpassed the $1 billion mark, a milestone first reported by Billionaires.Africa.
Zak Calisto’s Karooooo stake gains $71.5 million in 15 days
Calisto’s 64.81% stake in Karooooo—about 20 million shares—has gained $71.5 million in market value over the past two weeks.
South African tech mogul Zak Calisto’s stake in Karooooo drops $87.9 million
The drop comes in the wake of sweeping U.S. tariffs, which have rattled investors and pushed the mobility Software-as-a-Service (SaaS) company’s stock lower.
South African tech mogul Zak Calisto takes $180 million hit on Karooooo stake
The $809.2 million decline comes after a brief surge between Jan. 27 and Feb. 6, when his holdings gained $71 million before the downturn wiped out those gains.
Zak Calisto’s Karooooo faces major write-down after political unrest in Mozambique
It expects minimal impact on earnings and cash flow, as Mozambique contributes a small share of profits across 25 countries.
South African tech mogul Zak Calisto sees $71 million boost from Karooooo shares
This gain comes after a late-January decline that had reduced his stake to $874 million.
Karooooo shares drop, leading to $107-million loss for Zak Calisto
South African tech mogul Zak Calisto faces wealth decline amid Karooooo share drop.
Karooooo’s half-year revenue rises seven percent to $124.2 million on subscription growth
Total revenue climbed 7 percent to R2.19 billion ($124.2 million) from R2.04 billion ($115.7 million) a year earlier.
South African tech leader Zak Calisto’s Karooooo stake tops $950 million
Calisto’s net worth has surged significantly, driven by a sharp rise in the market value of his shares in Karooooo.
South African tech mogul Zak Calisto gains $65 million from Karooooo shares
South African tech mogul Zak Calisto's fortune surges by $65 million amid Karooooo's market rally