Calisto’s stake has increased by $25.49 million from $579.68 million on March 15 to $605.17 million at the time of drafting this …
Karooooo
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This rise comes on the heels of a significant setback, where Calisto experienced a $26.41-million loss between Feb. 12 and Feb. 23.
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With a stake of 74.7 percent in Karooooo, valued at more than $580 million, Calisto stands among Africa’s top tech entrepreneurs.
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This reaffirms his position as one of Africa’s wealthiest technology entrepreneurs — it also highlights Karooooo’s position as a top-performing tech firm.
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Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
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The recent surge in Calisto’s stake is noteworthy, considering he suffered a substantial loss of $18.71 million between Aug. 1 and 21.Â
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Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
- Southern Africa
South African tech tycoon Zak Calisto gains nearly $40 million as Karooooo surges on Nasdaq
As a result of the recent surge in the company’s shares, the value of Calisto’s stake in Karooooo has increased from $543.7 …
- Southern Africa
South African tycoon Zak Calisto’s Karooooo posts impressive $9-million profit in Q1
Under Calisto’s leadership, Karooooo Limited has become a leading provider of intelligent transportation management and analytics.
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Calisto is the founder of Karooooo, a company that provides real-time mobility data analytics solutions for smart transportation.