Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
Zak Calisto
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Karooooo, which Calisto controls, owns Carzuka, a leading digital marketplace for used vehicles.
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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.
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South Africa’s tech ecosystem has witnessed a paradigm shift thanks to a league of pioneering tech entrepreneurs and visionaries
- 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.
- Southern Africa
South African tech tycoon Zak Calisto scores $60-million gain as Karooooo shares surge
Calisto’s stake in Karooooo has risen by an impressive $60.6 million, growing by 12.5 percent from $485.7 million to $546.3 million.
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Under the leadership of Calisto, Karooooo remains one of Africa’s most profitable tech companies.