South African billionaire Zak Calisto's Cartrack fined R5 million
Billionaires Africa | 30.03.2026 17:16
Cartrack, the vehicle tracking company at the center of Nasdaq-listed Karooooo and the commercial engine behind billionaire founder Zak Calisto's fortune, has agreed to pay a R5 million ($292,000) administrative fine and refund more than R5.1 million ($298,000) to customers after South Africa's consumer watchdog aimed its contracts.
