South African mogul Zak Calisto loses $360 million from Karooooo stake in 2022
Despite the recent drop in his wealth, Calisto remains one of South Africa’s wealthiest businessmen.
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Despite the recent drop in his wealth, Calisto remains one of South Africa’s wealthiest businessmen.
Zak Calisto controls a 66-percent stake in Karooooo.
Calisto owns a majority 75-percent stake in the Singapore-based tech firm, which he founded in 2001.
Calisto owns a 75-percent stake in the Singapore-based technology firm.
Karooooo is a major international provider of smart transportation management and analytics.
Calisto founded Karooooo in 2001, with an initial focus on stolen vehicle recovery services in South Africa.
Karooooo is an SaaS platform that provides real-time data analytics solutions for smart transportation.
When compared to last year’s figures, the Singapore-based company suffered a 19.2-percent decline in earnings.