A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.
Karooooo, the Nasdaq-listed mobility software company that owns South Africa’s Cartrack Holdings, has acquired digital logistics specialist Picup in a R70-million deal.
Cartrack, whose shares more than doubled in value in 2020, plans to delist from the JSE and file for an initial public offering on the Nasdaq, the company announced on Thursday.
Fresh from the successful listing of its former subsidiary, Bytes Technology Group, in the UK, could Altron look at an unbundling of Netstar next as it seeks to unlock further value for shareholders?
Cartrack believes it is in a good position to weather the Covid-19 storm provided it does not go on indefinitely, and is still planning a huge investment in Europe.
JSE-listed vehicle telematics company Cartrack has delivered a strong set of financial results for the six months ended 31 August 2019, reaching a million subscribers for the first time.
Mix Telematics was the best performing technology share on the JSE in 2017, TechCentral’s annual analysis of share price performances shows. The company, which provides fleet management and vehicle tracking services, saw its
Vehicle recovery and telematics company Cartrack announced interim results for the six months ending August on Wednesday that saw earnings growing handsomely on the back of a jump in