0001213900-24-052510 | 20-F | XBRL Viewer

Schedule of Information about Geographical Areas [Line Items]

^[1]

R 2,723,761

R 2,184,381

South Africa [Member]

Schedule of Information about Geographical Areas [Line Items]

^[1]

1,714,719

1,417,103

Africa-Other [Member]

Schedule of Information about Geographical Areas [Line Items]

^[1]

154,777

116,463

Europe [Member]

Asia-Pacific, Middle East & USA [Member]

^[1]

355,904

270,379

Schedule of Information about Geographical Areas [Line Items]

Schedule of Other Financial Assets

^[1],[2]

R 498,361

R 380,436

[1]	Non-current operating assets consist of property, plant and equipment, capitalized commission assets, intangible assets, goodwill and prepayments.
[2]	Included in Asia-Pacific is non-current assets from Singapore amount to ZAR 226.2 million (2023: ZAR 140.0 million).

Material Accounting Policy Information (Details) - Schedule of Useful Life of Capitalized Commission Assets - Capitalized commission assets [Member]	12 Months Ended
	Feb. 29, 2024
Schedule of Useful Life of Capitalized Commission Assets [Line Items]
Amortization method, Capitalized commission assets	Straight line
Average useful life, Capitalized commission assets	5 years

Inventories (Details) - ZAR (R) R in Millions	12 Months Ended
Inventories (Details) - ZAR (R) R in Millions	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Inventories [Abstract]
Inventories recognised as expenses in cost of sales	R 267.3	R 218.8	R 59.2

Other Financial Assets (Tables)

12 Months Ended

Feb. 29, 2024

Other Financial Assets [Abstract]

	As of February 29/28
Figures in Rand thousands	2024		2023

Non-current assets
Derivative – call option ¹		-		388

This relates to a call option agreement with the non-controlling shareholders of Karooooo Logistics to acquire additional 13% interest in Karooooo Logistics. As at February 29, 2024, the non-controlling shareholders have removed all rights to exercise the call option. The call option was derecognized in profit or loss.

Intangible Assets

12 Months Ended

Feb. 29, 2024

Intangible Assets [Abstract]

INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

Figures in Rand thousands	Product development costs			Computer software			Trade name			Customer relationships			Total

At February 29, 2024
Cost		200,994			36,937			882			8,694			247,507
Accumulated amortization		(129,377	)		(28,164	)		(752	)		(6,091	)		(164,384	)
Carrying value		71,617			8,773			130			2,603			83,123

At February 28, 2023
Cost		144,922			34,039			782			6,385			186,128
Accumulated amortization		(76,621	)		(20,281	)		(391	)		(3,193	)		(100,486	)
Carrying value		68,301			13,758			391			3,192			85,642

Staff costs of ZAR 48.8 million (2023: ZAR 38.8 million) have been capitalized to product development costs with regard to the development of new generation telematics hardware and platform software which was deployed in the current financial year.

Reconciliation of the carrying value of intangible assets

Figures in Rand thousands	Note	Product development costs			Computer software			Trade name			Customer relationship			Total

At February 29, 2024
Beginning balance			68,301			13,758			391			3,192			85,642
Acquisition of subsidiary	28		–			100			–			2,310			2,410
Additions			48,792			2,422			–			–			51,214
Amortization			(48,605	)		(7,717	)		(261	)		(2,899	)		(59,482	)
Translation adjustments			3,129			210			–			–			3,339
Ending balance			71,617			8,773			130			2,603			83,123

At February 28, 2023
Beginning balance			59,737			11,321			652			5,321			77,031
Additions			38,837			7,816			–			–			46,653
Amortization			(42,638	)		(6,115	)		(261	)		(2,129	)		(51,143	)
Translation adjustments			12,365			736			–			–			13,101
Ending balance			68,301			13,758			391			3,192			85,642

Trade and Other Payables

12 Months Ended

Feb. 29, 2024

Trade and Other Payables [Abstract]

TRADE AND OTHER PAYABLES

19. TRADE AND OTHER PAYABLES

	As of February 29/28
Figures in Rand thousands	2024		2023

Trade payables
Amounts due to related parties		12,230		13,081
Trade payables		207,308		137,400
Accrued expenses		149,251		121,784
		368,789		272,265

Other payables
Sundry creditors		19,639		22,918
Other taxes		48,131		44,566
Dividend payable to NCI		9,725		34,298
		446,284		374,047

The amounts due to related parties are unsecured, interest-free and repayable on demand.

Trade payables are non-interest bearing and are normally settled on 30 to 60 days term.

The fair value of the financial instruments approximates their carrying amounts.

Presentation of Consolidated Financial Statements (Details) $ / shares in Units, R in Millions, $ in Millions			12 Months Ended
	Apr. 16, 2021	Apr. 01, 2021 USD ($) $ / shares shares	Feb. 29, 2024 ZAR (R) shares	Feb. 28, 2023 ZAR (R)	Feb. 28, 2022 ZAR (R)	Feb. 28, 2021 ZAR (R)	Jul. 17, 2019
Presentation of Consolidated Financial Statements [Line Items]
Acquired interest							68.00%
Gross cash (in Dollars) \| $		$ 33.8
Shares issued (in Shares) \| shares		1,207,500	14,637
Offer price per share (in Dollars per share) \| $ / shares		$ 28
Costs incurred			R 85.1
Cost expensed			R 267.3	R 218.8	R 59.2
Issuance of shares					49.2
Invested percentage	99.00%
Shareholders description			Karooooo, as listed on the NASDAQ and inward listed on the JSE on April 21, 2021, owns 100% of Cartrack. As at February 29, 2024, Zak is the ultimate controlling shareholder of the Group, holding 20,028,811 shares (65.0% shareholdings) of Karooooo.
IPO [Member]
Presentation of Consolidated Financial Statements [Line Items]
Cost expensed					R 10.3	R 25.6

Other Financial Assets (Details) - Schedule of Other Financial Assets - ZAR (R)
R in Thousands

Feb. 29, 2024

Feb. 28, 2023

Non-current assets

Derivative – call option

^[1]

R 388

[1]

Consolidated Statements of Financial Position - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023
Non-current assets
Property, plant and equipment	R 2,032,794	R 1,591,814
Capitalized commission assets	374,521	287,054
Intangible assets	83,123	85,642
Goodwill	227,380	212,481
Loans to related parties	28,200	25,800
Long-term other receivables and prepayments	18,831	24,715
Non-current financial asset		388
Deferred tax assets	81,903	60,919
Total non-current assets	2,846,752	2,288,813
Current assets
Inventories	6,582	79,159
Trade and other receivables and prepayments	985,398	409,191
Income tax receivables	8,714	8,627
Cash and cash equivalents	459,527	965,790
Total current assets	1,460,221	1,462,767
Total assets	4,306,973	3,751,580
Equity
Share capital	7,142,853	7,142,853
Treasury shares	(23,816)
Capital reserve	(3,582,568)	(3,582,568)
Common control reserve	(2,709,236)	(2,709,236)
Foreign currency translation reserve	330,812	245,109
Retained earnings	1,803,482	1,564,809
Equity attributable to equity holders of parent	2,961,527	2,660,967
Non-controlling interest	40,935	30,908
Total equity	3,002,462	2,691,875
Non-current liabilities
Term loans	41,645	38,304
Lease liabilities	131,285	67,882
Deferred revenue	121,302	112,185
Deferred tax liabilities	69,840	51,894
Total non-current liabilities	364,072	270,265
Current liabilities
Term loans	6,534	21,643
Trade and other payables	446,284	374,047
Loans from related parties	924	607
Lease liabilities	63,055	52,845
Deferred revenue	325,848	283,682
Bank overdraft	23,362	40
Income tax payables	73,375	55,996
Provision for warranties	1,057	580
Total current liabilities	940,439	789,440
Total liabilities	1,304,511	1,059,705
Total equity and liabilities	R 4,306,973	R 3,751,580

Loans to/(From) Related Parties

12 Months Ended

Feb. 29, 2024

Loans to/(From) Related Parties [Abstract]

LOANS TO/(FROM) RELATED PARTIES

12. LOANS TO/(FROM) RELATED PARTIES

	As of February 29/28
Figures in Rand thousands	2024			2023

Non-current assets
Loans to related party		28,200			25,800

Current liabilities
Loans from related parties		(924	)		(607	)

Related party loans are unsecured, bear no interest and have no fixed terms of repayment. The fair value of these financial instruments approximates the carrying amount.

Revenue (Tables)

12 Months Ended

Feb. 29, 2024

Disclosure of Revenue Text Block [Abstract]

Schedule of Disaggregation of Revenue from Contracts with Customers

In the following table, revenue from contract with customers is disaggregated by revenue streams, primary geographical markets and timing of revenue recognition.

	Year ended February 29/28
Figures in Rand thousands	2024		2023		2022

Revenue from contracts with customers
Subscription revenue - Cartrack		3,522,816		3,003,931		2,565,745
Subscription revenue - Karooooo Logistics		12,989		6,141		2,420
Other revenue - Cartrack		90,879		72,709		71,055
Hardware sales		43,250		29,685		37,435
Installation revenue		29,186		29,278		21,321
Miscellaneous contract fees		18,443		13,746		12,299
Vehicle sales		274,787		250,845		67,310
Delivery service fees		304,040		173,441		39,621
Total revenue		4,205,511		3,507,067		2,746,151

Primary geographical markets
South Africa		3,171,851		2,730,401		2,123,153
Africa-Other		144,020		131,077		101,019
Europe		347,628		257,078		229,671
Asia-Pacific*, Middle East and USA		542,012		388,511		292,308
		4,205,511		3,507,067		2,746,151

Timing of revenue recognition
Products and services transferred at a point in time		669,706		323,554		177,986
Services transferred over time		3,535,805		3,183,513		2,568,165
Total revenue		4,205,511		3,507,067		2,746,151

*	Included in Asia-Pacific is revenue from Singapore amounted to ZAR 132.4 million (2023: ZAR 105.6 million, 2022: ZAR 96.1 million).

Trade and Other Receivables and Prepayments (Details) - Schedule of Reconciliation of the Expected Credit Loss Provision Recognized with Regard to Trade and Other Receivables - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Reconciliation of the Expected Credit Loss Provision Recognized With Regard to Trade and Other Receivables [Abstract]
Beginning balance	R (149,541)	R (161,683)
Allowance for expected credit losses, net	(109,422)	(87,541)
Amounts utilized	90,538	105,921
Translation adjustments	3,185	(6,238)
Ending balance	R (165,240)	R (149,541)

Revenue (Details) - Schedule of Disaggregation of Revenue from Contracts with Customers - ZAR (R)
R in Thousands

12 Months Ended

Feb. 29, 2024

Feb. 28, 2023

Feb. 28, 2022

Revenue from contracts with customers

Subscription revenue - Cartrack

R 3,522,816

R 3,003,931

R 2,565,745

Subscription revenue - Karooooo Logistics

12,989

6,141

2,420

Other revenue - Cartrack

90,879

72,709

71,055

Hardware sales

43,250

29,685

37,435

Installation revenue

29,186

29,278

21,321

Miscellaneous contract fees

18,443

13,746

12,299

Vehicle sales

274,787

250,845

67,310

Delivery service fees

304,040

173,441

39,621

Total revenue

4,205,511

3,507,067

2,746,151

Products and services transferred at a point in time [Member]

Timing of revenue recognition

Timing of revenue recognition

669,706

323,554

177,986

Services transferred over time [Member]

Timing of revenue recognition

Timing of revenue recognition

3,535,805

3,183,513

2,568,165

Total Revenue [Member]

Timing of revenue recognition

Timing of revenue recognition

4,205,511

3,507,067

2,746,151

South Africa [Member]

3,171,851

2,730,401

2,123,153

Africa-Other [Member]

144,020

131,077

101,019

Europe [Member]

Asia-Pacific, Middle East and USA [Member]

347,628

257,078

229,671

Primary geographical markets [Member]

^[1]

542,012

388,511

292,308

Material Non-Controlling Interest [Abstract]

R 4,205,511

R 3,507,067

R 2,746,151

[1]	Included in Asia-Pacific is revenue from Singapore amounted to ZAR 132.4 million (2023: ZAR 105.6 million, 2022: ZAR 96.1 million).

Material Non-Controlling Interest

12 Months Ended

Feb. 29, 2024

MATERIAL NON-CONTROLLING INTEREST

29. MATERIAL NON-CONTROLLING INTEREST

On April 21, 2021, the Group acquired the remaining 31.9% equity interest in Cartrack, increasing its ownership from 68.1% to 100%. Reinvestment scheme was offered to the minority shareholders of Cartrack by exchanging a fixed number of Karooooo shares for a fixed number of Cartrack Shares (see Note 1).

The carrying amount of Cartrack’s net assets in the Group’s consolidated financial statements on the date of acquisition was ZAR 435.1 million. Subsequent to the acquisition of the remaining 31.9% stake in Cartrack, there is no material non-controlling interest as at February 29, 2024 and February 28, 2023.

Intangible Assets (Tables)

12 Months Ended

Feb. 29, 2024

Intangible Assets [Abstract]

Schedule of Intangible Assets

Figures in Rand thousands	Product development costs			Computer software			Trade name			Customer relationships			Total

At February 29, 2024
Cost		200,994			36,937			882			8,694			247,507
Accumulated amortization		(129,377	)		(28,164	)		(752	)		(6,091	)		(164,384	)
Carrying value		71,617			8,773			130			2,603			83,123

At February 28, 2023
Cost		144,922			34,039			782			6,385			186,128
Accumulated amortization		(76,621	)		(20,281	)		(391	)		(3,193	)		(100,486	)
Carrying value		68,301			13,758			391			3,192			85,642

Schedule of Reconciliation of the Carrying Value of Intangible Assets

Reconciliation of the carrying value of intangible assets

Figures in Rand thousands	Note	Product development costs			Computer software			Trade name			Customer relationship			Total

At February 29, 2024
Beginning balance			68,301			13,758			391			3,192			85,642
Acquisition of subsidiary	28		–			100			–			2,310			2,410
Additions			48,792			2,422			–			–			51,214
Amortization			(48,605	)		(7,717	)		(261	)		(2,899	)		(59,482	)
Translation adjustments			3,129			210			–			–			3,339
Ending balance			71,617			8,773			130			2,603			83,123

At February 28, 2023
Beginning balance			59,737			11,321			652			5,321			77,031
Additions			38,837			7,816			–			–			46,653
Amortization			(42,638	)		(6,115	)		(261	)		(2,129	)		(51,143	)
Translation adjustments			12,365			736			–			–			13,101
Ending balance			68,301			13,758			391			3,192			85,642

Consolidated Statements of Comprehensive Income - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Consolidated Statements Of Comprehensive Income Abstract
Profit for the year	R 754,156	R 608,806	R 476,607
Items that may be reclassified to profit or loss in future periods:
Exchange differences on translating foreign operations	88,632	220,471	17,955
Other comprehensive income for the year	88,632	220,471	17,955
Total comprehensive income for the year net of income tax	842,788	829,277	494,562
Total comprehensive income attributable to:
Owners of the parent	823,894	813,486	469,024
Non-controlling interest	18,894	15,791	25,538
Total comprehensive income	R 842,788	R 829,277	R 494,562

- Definition

The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.

+ References + Details

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Share Capital and Treasury Shares (Details) - Schedule of Share Capital - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023
Schedule of Share Capital [Abstract]
Issued and fully paid 30,951,106 (2023: 30,951,106) ordinary shares of no par value	R 7,142,853	R 7,142,853

Dividend (Details) - Schedule of Dividend Paid - Interim Dividend [Member] - ZAR (R) R / shares in Units, R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Dividend Paid [Line Items]
Per share price	R 16.14	R 10.7
Total dividend paid	R 499,518	R 331,252

Term Loans (Details) - Schedule of Term Loans - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 29, 2024
Current liabilities
Total term loans	R 59,947	R 48,179
Non-current liabilities [Member]
Non-current liabilities
Total term loans	38,304	41,645
Current liabilities [Member]
Current liabilities
Total term loans	R 21,643	6,534
Interest Bearing Loans [Member] \| ZAR [Member]
Non-current liabilities
Interest rate	7.25%
Maturity	September 2023
Total term loans	R 504
Current liabilities
Interest rate	7.25%
Maturity	September 2023
Interest Bearing Loans [Member] \| Current liabilities [Member] \| EUR [Member]
Non-current liabilities
Interest rate	EURIBOR + 3%
Maturity	December 2023
Current liabilities
Interest rate	EURIBOR + 3%
Maturity	December 2023
Total term loans	R 5,497
Interest Bearing Loans One [Member] \| EUR [Member]
Non-current liabilities
Interest rate	EURIBOR + 3%
Maturity	December 2023
Total term loans	R 243
Current liabilities
Interest rate	EURIBOR + 3%
Maturity	December 2023
Mortgaged Bonds [Member] \| ZAR [Member]
Non-current liabilities
Interest rate	Prime rate -1.15%
Maturity	December 2025
Total term loans	R 37,557	41,645
Current liabilities
Interest rate	Prime rate -1.15%
Maturity	December 2025
Mortgaged Bonds One [Member] \| Current liabilities [Member] \| ZAR [Member]
Non-current liabilities
Interest rate	Prime rate -1.15%
Maturity	December 2025
Current liabilities
Interest rate	Prime rate -1.15%
Maturity	December 2025
Total term loans	R 16,146	R 6,534

Subsequent Events

12 Months Ended

Feb. 29, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

38. SUBSEQUENT EVENTS

In April 2024, the Board approved a resolution for Karooooo Logistics (Pty) Ltd to repurchase its ordinary shares at a purchase price of ZAR 15.2 million in accordance with the Companies Act of South Africa and to cancel the repurchased shares. As a result, the Group’s effective shareholding in Karooooo Logistics (Pty) Ltd is expected to increase from 70.1% to 74.8% after completion of the repurchase and cancellation.

Segment Reporting (Details) - Schedule of Reconciliation of Information on Reportable Segments to Amounts Reported in Consolidated Financial Statements - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule of Reconciliation of Information on Reportable Segments to the Amounts Reported in Consolidated Financial Statements [Abstract]
Total segment operating profits	R 1,042,502	R 881,915	R 699,125
IPO costs			(10,288)
Finance income	39,418	23,255	6,083
Finance cost	(15,822)	(10,095)	(12,331)
Fair value changes to derivative assets	(388)	(971)	(506)
Consolidated profit before taxation	R 1,065,710	R 894,104	R 682,083

Interest in Subsidiaries

12 Months Ended

Feb. 29, 2024

Interest in Subsidiaries [Abstract]

INTEREST IN SUBSIDIARIES

27. INTEREST IN SUBSIDIARIES

The following table lists the entities which are controlled by the Group.

Company Name

Held by

Country of
incorporation

% holding
2024

% holding
2023

Cartrack Holdings Proprietary Limited⁴

Karooooo Ltd

South Africa

100.0

Carzuka.com Pte Ltd¹

Karooooo Ltd

Singapore

100.0

Karooooo Management Company Pte. Ltd.

Karooooo Ltd

Singapore

100.0

Karooooo Software Pte. Ltd.

Karooooo Ltd

Singapore

100.0

Karooooo Proprietary Ltd

Karooooo Ltd

South Africa

100.0

Karooooo Cartrack Limited ¹⁰

Karooooo Ltd

Uganda

100.0

Cartrack (Cambodia) Co. Ltd

Karooooo Management Company Pte. Ltd.

Cambodia

100.0

Cartrack Swaziland (Pty) Ltd¹¹

Karooooo Management Company Pte. Ltd.

Kingdom of Eswatini

76.0

Carzuka Pte Ltd¹

Carzuka.com Pte. Ltd.

Singapore

100.0

Karooooo Technologies Proprietary Limited²

Karooooo Proprietary Ltd

South Africa

100.0

Cartrack Management Services Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Manufacturing Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Insurance Agency Proprietary Limited³

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Namibia Proprietary Limited

Cartrack Holdings Proprietary Limited

Namibia

100.0

Cartrack Technologies Pte. Limited

Cartrack Holdings Proprietary Limited

Singapore

100.0

Carzuka Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Purple rain Properties No.444 Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Karooooo Logistics (Pty) Ltd⁶

Cartrack Holdings Proprietary Limited

South Africa

70.1

Cartrack Telematics Proprietary Limited⁹

Cartrack Proprietary Limited

South Africa

49.0

CTK Shell 1 (Pty) Ltd^1,7

Cartrack Proprietary Limited

South Africa

100.0

Karu Holdings Proprietary Limited

Cartrack Proprietary Limited

South Africa

100.0

Combined Telematics Services Proprietary Limited^{1, 9}

Cartrack Proprietary Limited

South Africa

49.0

CTK Shell 2 (Pty) Ltd^1,8

Cartrack Proprietary Limited

South Africa

100.0

Cartrack Tanzania Limited

Cartrack Technologies Pte. Limited

Tanzania

100.0

Karooooo Kenya Limited⁵

Cartrack Technologies Pte. Limited

Kenya

70.0

Cartrack Engineering Technologies Limited

Cartrack Technologies Pte. Limited

Nigeria

100.0

PT. Cartrack Technologies Indonesia

Cartrack Technologies Pte. Limited

Indonesia

100.0

Company Name

Held by

Country of
incorporation

% holding
2024

% holding
2023

Cartrack Investments UK Limited¹

Cartrack Technologies Pte. Limited

United Kingdom

100.0

Cartrack Technologies (China) Limited

Cartrack Technologies Pte. Limited

Hong Kong

100.0

Cartrack Malaysia SDN.BHD

Cartrack Technologies Pte. Limited

Malaysia

100.0

Cartrack Technologies LLC

Cartrack Technologies Pte. Limited

U.A.E

100.0

Cartrack Technologies PHL.INC.

Cartrack Technologies Pte. Limited

Philippines

100.0

Cartrack Technologies South East Asia Pte. Limited

Cartrack Technologies Pte. Limited

Singapore

100.0

Cartrack Ireland Limited

Cartrack Technologies Pte. Limited

Republic of Ireland

100.0

Cartrack Technologies (Thailand) Company Limited

Cartrack Technologies Pte. Limited

Thailand

100.0

Cartrack New Zealand Limited

Cartrack Technologies Pte. Limited

New Zealand

51.0

Cartrack (Australia) Proprietary Limited

Cartrack Technologies Pte. Limited

Australia

100.0

Cartrack Technologies Zambia Limited¹

Cartrack Technologies Pte. Limited

Zambia

100.0

Cartrack (Mauritius) Ltd¹

Cartrack Technologies Pte. Limited

Mauritius

100.0

Cartrack Vietnam Limited Liability Company¹

Cartrack Technologies Pte. Limited

Vietnam

100.0

Cartrack INC.

Cartrack Ireland Limited

U.S.A

100.0

Cartrack Polska.Sp.zo.o

Cartrack Ireland Limited

Poland

90.9

Cartrack Portugal S.A.

Cartrack Ireland Limited

Portugal

100.0

Cartrack Espana. S.L.U.

Cartrack Ireland Limited

Spain

100.0

Karu.Com. Unipessoal. Lda

Cartrack Portugal S.A.

Portugal

100.0

Cartrack Limitada⁹

Cartrack Technologies LLC

Mozambique

50.0

Auto Club LDA

Cartrack Technologies LLC

Mozambique

90.0

80.0

Cartrack for Information Technology Company¹

Cartrack Technologies LLC

Kingdom of Saudi Arabia

51.0

Dormant

²	Previously known as Cartrack Technologies Proprietary Limited

³	Previously known as Drive and Save Proprietary Limited

⁴	Previously known as Cartrack Holdings Limited

⁵	Previously known as Retriever Limited
⁶	Previously known as Picup Technologies Proprietary Limited
⁷	Previously known as Veraspan Proprietary Limited
⁸	Previously known as Zonke Bonke Telecoms Proprietary Limited
⁹	The Group considers Cartrack Limitada, Combined Telematics Services Proprietary Limited and Cartrack Telematics Proprietary Limited as subsidiaries of the Group as the Group has the right to appoint majority of the directors on the Board of Directors of these entities through contractual shareholders’ agreement. The Board of Directors of the companies direct the relevant activities of these entities. Accordingly, the Group is exposed to and has the rights to variable returns, and has the ability to affect those returns through the Board of Directors.
¹⁰	90% of the share capital of Karooooo Cartrack Limited is held by Karooooo Limited and the remainder 10% of the share capital is held by Karooooo Management Company Pte Limited.
¹¹	74% of the share capital of Cartrack Swaziland (Pty) Ltd is held by Karooooo Management Company Pte. Ltd. and 2% is held by Cartrack Holdings Proprietary Limited.

Loans provided to subsidiary companies which require financial support have been subordinated in favour of third- party creditors of the underlying companies.

On June 15, 2022, the Group disposed of 30% of its interest in Karooooo Kenya Limited for a consideration of USD 380,000. An amount of ZAR 730,112, being the proportion share of the carrying amount of net assets in Karooooo Kenya Limited has been transferred to non-controlling interests.

On March 1, 2023, Cartrack acquired 76% of the shares and voting interests in Cartrack Swaziland (Pty) Ltd for a consideration of ZAR 9,120,000, recognizing a goodwill of ZAR 6.2 million (see Note 28).

Inventories

12 Months Ended

Feb. 29, 2024

Inventories [Abstract]

INVENTORIES

10. INVENTORIES

	As of February 29/28
Figures in Rand thousands	2024		2023

Vehicles		2,083		75,843
Other consumables		4,499		3,316
Total inventories		6,582		79,159

Inventories recognized as an expense in cost of sales is ZAR 267.3 million (2023: ZAR 218.8 million, 2022: ZAR 59.2 million).

Basic and Diluted Earnings Per Share Information (Tables)

12 Months Ended

Feb. 29, 2024

Basic and Diluted Earnings Per Share Information [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share has been based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares in issue.

	Year ended February 29/28
Figures in Rand	2024		2023		2022

Basic earnings
Profit attributable to ordinary shareholder of Karooooo (ZAR ’000)		738,191		597,153		449,953

Weighted average number of ordinary shares issued		30,948,470		30,951,106		29,528,020

Basic and diluted earnings per share (ZAR)		23.85		19.29		15.24

Operating Profit

12 Months Ended

Feb. 29, 2024

Operating Profit [Abstract]

OPERATING PROFIT

21. OPERATING PROFIT

		Year ended February 29/28
Figures in Rand thousands	Notes	2024		2023		2022

Operating profit is stated after accounting for the following charges:

Depreciation of property, plant and equipment	5		588,660		493,788		458,281
Amortization of capitalized commission assets	6		83,155		64,707		64,566
Amortization of intangible assets	7		59,482		51,143		39,078
Employee benefits expense ¹			1,076,244		865,831		720,606
Defined contribution plan			45,468		44,681		26,534

¹	After offsetting government grant received ZAR Nil (2023: ZAR Nil million, 2022: ZAR 6.7 million).

Lease Liabilities (Details) - ZAR (R) R in Millions	12 Months Ended
Lease Liabilities (Details) - ZAR (R) R in Millions	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Lease Liabilities [Line Items]
Total cash outflows for leases	R 69.3	R 64.8	R 53.3
Lease payments	R 7.3	R 6.2	R 8.2
Minimum [Member]
Lease Liabilities [Line Items]
Average term	3 years
Maximum [Member]
Lease Liabilities [Line Items]
Average term	4 years

Dividend

12 Months Ended

Feb. 29, 2024

Dividends Paid [Abstract]

DIVIDEND

26. DIVIDEND

Dividend per share

Dividend paid by the Company to owner of the Company

Year ended February 29/28

2024

2023

Figures in Rand thousands

Per share (ZAR)

Amount

Per share (ZAR)

Amount

Interim dividend

16.14

499,518

10.70

331,252

Trade and Other Receivables and Prepayments (Details) - Schedule of Maturity Analysis of the Undiscounted Lease Payments to be Received - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Maturities analysis
– within one year	R 4,438	R 4,078
– within two to four years	12,888	14,525
– over four years		2,800
Present value of lease payments	17,326	21,403
Non-current asset	12,888	17,325
Current asset	4,438	4,078
Total non-current asset	R 17,326	R 21,403

Basic and Diluted Earnings Per Share Information

12 Months Ended

Feb. 29, 2024

Basic and Diluted Earnings Per Share Information [Abstract]

BASIC AND DILUTED EARNINGS PER SHARE INFORMATION

35. BASIC AND DILUTED EARNINGS PER SHARE INFORMATION

Basic and diluted earnings per share

The calculation of basic and diluted earnings per share has been based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares in issue.

	Year ended February 29/28
Figures in Rand	2024		2023		2022

Basic earnings
Profit attributable to ordinary shareholder of Karooooo (ZAR ’000)		738,191		597,153		449,953

Weighted average number of ordinary shares issued		30,948,470		30,951,106		29,528,020

Basic and diluted earnings per share (ZAR)		23.85		19.29		15.24

Diluted earnings per share

There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share.

Risk Management (Details) - Schedule of Currency Risk € in Thousands, $ in Thousands, $ in Thousands	Feb. 29, 2024 USD ($)	Feb. 29, 2024 EUR (€)	Feb. 29, 2024 SGD ($)	Feb. 28, 2023 USD ($)	Feb. 28, 2023 EUR (€)	Feb. 28, 2023 SGD ($)
Schedule of Currency Risk [Abstract]
Trade and other receivables	$ 326,060	€ 5,213	$ 1,306	$ 104,583	€ 40	$ 433
Loan from related parties	127,802	86,824		114,186	80,342
Loan to related parties	(236,878)		(20,869)	(229,229)		(20,040)
Cash and cash equivalents	70,015	2,590	1,868	61,780	2,337	560
Trade and other payables	(230,793)	(5,318)	(15,639)	(50,581)	(5,846)	(8,135)
Total exposure to currency risk	$ 56,206	€ 89,309	$ (33,334)	$ 739	€ 76,873	$ (27,182)

Taxation (Details) - Schedule of Taxation - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Current tax
Current year	R 297,546	R 250,606	R 208,141
Prior year	(120)	(4,671)	8,573
Total current taxation	297,426	245,935	216,714
Deferred tax
Current year	(12,964)	15,972	(16,370)
Prior year	6,464	1,257	(3,394)
Total deferred taxation	(6,500)	17,229	(19,764)
Withholding tax	20,628	22,134	8,526
Total tax expense	311,554	285,298	205,476
Reconciliation between accounting profit and tax expense:
Profit before taxation	1,065,710	894,104	682,083
Tax at the applicable tax rate of 17% 1 (2023: 17%1, 2022: 17%1)	181,171	151,998	115,954
Effect of different tax rates in foreign jurisdictions	90,081	91,841	66,257
Taxation effect of adjustments on taxable income:
Utilization of previously unrecognized tax losses	(10,811)	(2,239)	(982)
Tax incentive	(6,549)	(5,975)	(2,709)
Income not subject to tax	(1,414)	(4,184)	(270)
Non-deductible expenses	15,898	20,789	12,556
Recognition of previously unrecognized tax losses		(1,794)	(2,060)
Current year losses for which no deferred tax asset is recognized	19,223	14,085	1,040
Withholding tax	20,628	22,134	8,526
Prior year tax under/(over) provision	6,344	(3,414)	5,179
Tax effect of deferred tax on decrease in tax rate		(594)
Others	(3,017)	2,651	1,985
Total tax expense	R 311,554	R 285,298	R 205,476

Property, Plant and Equipment

12 Months Ended

Feb. 29, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

	Land and Property ¹			Plant, equipment and vehicles			IT equipment			Capitalized telematics devices – Work-in- Progress		Capitalized telematics devices – Uninstalled		Capitalized telematics devices - Installed			Construction in progress¹		Total
At February 29, 2024
Owned assets
Cost		153,962			129,567			161,133			130,511		215,539		3,175,435			266,870		4,233,017
Accumulated depreciation		(31,245	)		(95,097	)		(119,796	)		–		–		(2,143,185	)		–		(2,389,323	)
Carrying value		122,717			34,470			41,337			130,511		215,539		1,032,250			266,870		1,843,694

Right-of-use assets
Cost		202,367			105,692			19,399			–		–		–			–		327,458
Accumulated depreciation		(89,275	)		(29,797	)		(19,286	)		–		–		–			–		(138,358	)
Carrying value		113,092			75,895			113			–		–		–			–		189,100

Total		235,809			110,365			41,450			130,511		215,539		1,032,250			266,870		2,032,794

At February 28, 2023
Owned assets
Cost		147,607			134,813			143,734			202,425		104,951		2,566,867			76,519		3,376,916
Accumulated depreciation		(26,422	)		(105,337	)		(79,563	)		–		–		(1,691,206	)		–		(1,902,528	)
Carrying value		121,185			29,476			64,171			202,425		104,951		875,661			76,519		1,474,388

Right-of-use assets
Cost		172,155			53,083			21,170			–		–		–			–		246,408
Accumulated depreciation		(88,208	)		(19,928	)		(20,846	)		–		–		–			–		(128,982	)
Carrying value		83,947			33,155			324			–		–		–			–		117,426

Total		205,132			62,631			64,495			202,425		104,951		875,661			76,519		1,591,814

Reconciliation of the carrying value of property, plant and equipment

	Land and Property ¹			Plant, equipment and vehicles			IT equipment			Capitalized telematics devices – Work-in- Progress			Capitalized telematics devices – Uninstalled			Capitalized telematics devices - Installed			Construction in progress¹		Total

At February 29, 2024
Beginning balance		121,185			29,476			64,171			202,425			104,951			875,661			76,519		1,474,388
Acquisition of subsidiary		–			512			33			–			–			–			–		545
Additions		8,823			14,672			13,123			153,425			208,683			287,277			190,351		876,354
Transfer		–			–			–			(225,339	)		(101,722	)		327,061			–		–
Disposals		–			(251	)		(2,147	)		–			–			(3,544	)		–		(5,942	)
Depreciation		(7,557	)		(10,977	)		(35,441	)		–			–			(475,536	)		–		(529,511	)
Translation adjustments		266			1,038			1,598			–			3,627			21,331			–		27,860
Ending balance		122,717			34,470			41,337			130,511			215,539			1,032,250			266,870		1,843,694

Right-of-use assets
Beginning balance		83,947			33,155			324			–			–			–			–		117,426
Additions		90,523			64,529			1,033			–			–			–			–		156,085
Disposals		(21,499	)		(8,092	)		–			–			–			–			–		(29,591	)
Depreciation		(43,622	)		(14,282	)		(1,245	)		–			–			–			–		(59,149	)
Translation adjustments		3,743			585			1			–			–			–			–		4,329
Ending balance		113,092			75,895			113			–			–			–			–		189,100

Total		235,809			110,365			41,450			130,511			215,539			1,032,250			266,870		2,032,794

Figures in Rand thousands	Land and Property¹			Plant, equipment and vehicles			IT equipment			Capitalized telematics devices – Work-in- Progress			Capitalized telematics devices – Uninstalled			Capitalized telematics devices - Installed			Construction in progress¹		Total
At February 28, 2023
Owned assets
Beginning balance		120,015			31,444			49,367			138,405			173,871			771,124			4,166		1,288,392

Additions		9,057			7,513			33,191			142,586			111,661			203,295			72,353		579,656
Transfer		-			-			-			(78,566	)		(189,160	)		267,726			–		–
Disposals		(3,230	)		(2,033	)		(282	)		–			–			(2,890	)		–		(8,435	)
Depreciation		(5,425	)		(8,957	)		(25,152	)		–			–			(404,577	)		–		(444,111	)
Translation adjustments		768			1,509			7,047			–			8,579			40,983			–		58,886
Ending balance		121,185			29,476			64,171			202,425			104,951			875,661			76,519		1,474,388

Right-of-use assets
Beginning balance		64,388			32,508			5,371			–			–			–			–		102,267
Additions		48,978			9,959			635			–			–			–			–		59,572
Disposals		(698	)		(187	)		(2	)		–			–			–			–		(887	)
Depreciation		(34,450	)		(9,517	)		(5,710	)		–			–			–			–		(49,677	)
Translation adjustments		5,729			392			30			–			–			–			–		6,151
Ending balance		83,947			33,155			324			–			–			–			–		117,426

Total		205,132			62,631			64,495			202,425			104,951			875,661			76,519		1,591,814

Certain freehold land and building of the Group with a carrying amount of ZAR 376.9 million (February 28, 2023: ZAR 186.5 million) were mortgaged to a bank as security for mortgaged loan (Note 16). The freehold land and building is a head office suite for South Africa and is located at Rosebank, Johannesburg.

The carrying amount of the property under construction at February 29, 2024 was ZAR 376.9 million (February 28, 2023: ZAR 186.5 million). The amount of borrowing costs capitalized during the year ended February 29, 2024 was ZAR 5.3 million (February 28, 2023: ZAR 4.6 million). The rate used to determine the amount of borrowing costs eligible for capitalization was prime rate plus 1.15% for the financial year ended February 29, 2024 and February 28, 2023, which is the effective interest rate (“EIR”) of the specific borrowings.

Taxation

12 Months Ended

Feb. 29, 2024

Taxation [Abstract]

TAXATION

24. TAXATION

			Year ended February 29/28
Figures in Rand thousands	Note		2024			2023			2022

Major components of the tax expense:
Current tax
Current year				297,546			250,606			208,141
Prior year				(120	)		(4,671	)		8,573
				297,426			245,935			216,714

Deferred tax
Current year				(12,964	)		15,972			(16,370	)
Prior year				6,464			1,257			(3,394	)
		9		(6,500	)		17,229			(19,764	)

Withholding tax				20,628			22,134			8,526

Total tax expense				311,554			285,298			205,476

Reconciliation between accounting profit and tax expense:
Profit before taxation				1,065,710			894,104			682,083
Tax at the applicable tax rate of 17% ¹ (2023: 17%¹, 2022: 17%¹)				181,171			151,998			115,954
Effect of different tax rates in foreign jurisdictions				90,081			91,841			66,257

Taxation effect of adjustments on taxable income:
Utilization of previously unrecognized tax losses				(10,811	)		(2,239	)		(982	)
Tax incentive				(6,549	)		(5,975	)		(2,709	)
Income not subject to tax				(1,414	)		(4,184	)		(270	)
Non-deductible expenses				15,898			20,789			12,556
Recognition of previously unrecognized tax losses				–			(1,794	)		(2,060	)
Current year losses for which no deferred tax asset is recognized				19,223			14,085			1,040
Withholding tax				20,628			22,134			8,526

Prior year tax under/(over) provision				6,344			(3,414	)		5,179
Tax effect of deferred tax on decrease in tax rate				–			(594	)		–
Others				(3,017	)		2,651			1,985
Total tax expense				311,554			285,298			205,476

¹	This is the corporate tax rate in Singapore.

Term Loans (Tables)

12 Months Ended

Feb. 29, 2024

Term Loans [Abstract]

Schedule of Term Loans

As of February 29/28

Figures in Rand thousands

Notes

Currency

Interest rate

Maturity

2024

2023

Non-current liabilities

Interest-bearing loans

ZAR

7.25%

September 2023

–

504

Interest-bearing loans

EUR

EURIBOR + 3%

December 2023

–

243

Mortgaged bonds

ZAR

Prime rate -1.15%

December 2025

41,645

37,557

41,645

38,304

Current liabilities

Interest-bearing loans

EUR

EURIBOR + 3%

December 2023

–

5,497

Mortgaged bonds

ZAR

Prime rate -1.15%

December 2025

6,534

16,146

6,534

21,643

Total term loans

48,179

59,947

Schedule of Reconciliation of Movement of Liabilities to Cash Flows Arising from Financing Activities

Reconciliation of movement of liabilities to cash flows arising from financing activities

Figures in Rand thousands	Loans from related parties			Other loans and borrowings			Lease liabilities			Total

Balance at March 1, 2023		607			59,947			120,727			181,281
Changes from financing cash flows		290			(12,018	)		(57,892	)		(69,620	)
Proceeds from borrowings		342			–			–			342
Repayment of related parties loans		(52	)		–			–			(52	)
Repayment of term loans		–			(12,018	)					(12,018	)
Payment of lease liabilities		–			–			(57,892	)		(57,892	)
The effect of changes in foreign exchange rates		27			250			5,011			5,288

Other changes		–			–			126,494			126,494
Interest paid		–			(194	)		(11,371	)		(11,565	)
New leases		–			–			156,085			156,085
Disposal		–			–			(29,591	)		(29,591	)
Interest expense		–			194			11,371			11,565
Balance at February 29, 2024		924			48,179			194,340			243,443

Balance at March 1, 2022		2,134			89,350			112,078			203,562
Changes from financing cash flows		(1,625	)		(30,532	)		(56,617	)		(88,774	)
Proceeds from borrowings		315			502			–			817
Repayment of related parties loans		(1,940	)		–			–			(1,940	)
Repayment of term loans		–			(31,034	)		–			(31,034	)
Payment of lease liabilities		–			–			(56,617	)		(56,617	)

The effect of changes in foreign exchange rates		98			1,129			5,694			6,921

Other changes		–			–			59,572			59,572
Interest paid		–			(797	)		(8,199	)		(8,996	)
New leases		–			–			59,572			59,572
Interest expense		–			797			8,199			8,996
Balance at February 28, 2023		607			59,947			120,727			181,281

Related Parties (Details) - Schedule of Transaction with Related Parties - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Related Parties [Abstract]
Sales to related parties	R (30,730)	R (20,139)	R (28,915)
Purchases from related parties	137,107	92,520	98,032
Rent paid to related parties	R 8,468	R 6,121	R 13,697

Revenue (Details) - ZAR (R) R in Millions	12 Months Ended
Revenue (Details) - ZAR (R) R in Millions	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Revenue [Abstract]
Revenue	R 132.4	R 105.6	R 96.1

Loans to/(From) Related Parties (Details) - Schedule of Loans to Related Parties - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023
Non-current assets
Loans to related party	R 28,200	R 25,800
Current liabilities
Loans from related parties	R (924)	R (607)

Property, Plant and Equipment (Tables)

12 Months Ended

Feb. 29, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

	Land and Property ¹			Plant, equipment and vehicles			IT equipment			Capitalized telematics devices – Work-in- Progress		Capitalized telematics devices – Uninstalled		Capitalized telematics devices - Installed			Construction in progress¹		Total
At February 29, 2024
Owned assets
Cost		153,962			129,567			161,133			130,511		215,539		3,175,435			266,870		4,233,017
Accumulated depreciation		(31,245	)		(95,097	)		(119,796	)		–		–		(2,143,185	)		–		(2,389,323	)
Carrying value		122,717			34,470			41,337			130,511		215,539		1,032,250			266,870		1,843,694

Right-of-use assets
Cost		202,367			105,692			19,399			–		–		–			–		327,458
Accumulated depreciation		(89,275	)		(29,797	)		(19,286	)		–		–		–			–		(138,358	)
Carrying value		113,092			75,895			113			–		–		–			–		189,100

Total		235,809			110,365			41,450			130,511		215,539		1,032,250			266,870		2,032,794

At February 28, 2023
Owned assets
Cost		147,607			134,813			143,734			202,425		104,951		2,566,867			76,519		3,376,916
Accumulated depreciation		(26,422	)		(105,337	)		(79,563	)		–		–		(1,691,206	)		–		(1,902,528	)
Carrying value		121,185			29,476			64,171			202,425		104,951		875,661			76,519		1,474,388

Right-of-use assets
Cost		172,155			53,083			21,170			–		–		–			–		246,408
Accumulated depreciation		(88,208	)		(19,928	)		(20,846	)		–		–		–			–		(128,982	)
Carrying value		83,947			33,155			324			–		–		–			–		117,426

Total		205,132			62,631			64,495			202,425		104,951		875,661			76,519		1,591,814

Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment

	Land and Property ¹			Plant, equipment and vehicles			IT equipment			Capitalized telematics devices – Work-in- Progress			Capitalized telematics devices – Uninstalled			Capitalized telematics devices - Installed			Construction in progress¹		Total

At February 29, 2024
Beginning balance		121,185			29,476			64,171			202,425			104,951			875,661			76,519		1,474,388
Acquisition of subsidiary		–			512			33			–			–			–			–		545
Additions		8,823			14,672			13,123			153,425			208,683			287,277			190,351		876,354
Transfer		–			–			–			(225,339	)		(101,722	)		327,061			–		–
Disposals		–			(251	)		(2,147	)		–			–			(3,544	)		–		(5,942	)
Depreciation		(7,557	)		(10,977	)		(35,441	)		–			–			(475,536	)		–		(529,511	)
Translation adjustments		266			1,038			1,598			–			3,627			21,331			–		27,860
Ending balance		122,717			34,470			41,337			130,511			215,539			1,032,250			266,870		1,843,694

Right-of-use assets
Beginning balance		83,947			33,155			324			–			–			–			–		117,426
Additions		90,523			64,529			1,033			–			–			–			–		156,085
Disposals		(21,499	)		(8,092	)		–			–			–			–			–		(29,591	)
Depreciation		(43,622	)		(14,282	)		(1,245	)		–			–			–			–		(59,149	)
Translation adjustments		3,743			585			1			–			–			–			–		4,329
Ending balance		113,092			75,895			113			–			–			–			–		189,100

Total		235,809			110,365			41,450			130,511			215,539			1,032,250			266,870		2,032,794

Figures in Rand thousands	Land and Property¹			Plant, equipment and vehicles			IT equipment			Capitalized telematics devices – Work-in- Progress			Capitalized telematics devices – Uninstalled			Capitalized telematics devices - Installed			Construction in progress¹		Total
At February 28, 2023
Owned assets
Beginning balance		120,015			31,444			49,367			138,405			173,871			771,124			4,166		1,288,392

Additions		9,057			7,513			33,191			142,586			111,661			203,295			72,353		579,656
Transfer		-			-			-			(78,566	)		(189,160	)		267,726			–		–
Disposals		(3,230	)		(2,033	)		(282	)		–			–			(2,890	)		–		(8,435	)
Depreciation		(5,425	)		(8,957	)		(25,152	)		–			–			(404,577	)		–		(444,111	)
Translation adjustments		768			1,509			7,047			–			8,579			40,983			–		58,886
Ending balance		121,185			29,476			64,171			202,425			104,951			875,661			76,519		1,474,388

Right-of-use assets
Beginning balance		64,388			32,508			5,371			–			–			–			–		102,267
Additions		48,978			9,959			635			–			–			–			–		59,572
Disposals		(698	)		(187	)		(2	)		–			–			–			–		(887	)
Depreciation		(34,450	)		(9,517	)		(5,710	)		–			–			–			–		(49,677	)
Translation adjustments		5,729			392			30			–			–			–			–		6,151
Ending balance		83,947			33,155			324			–			–			–			–		117,426

Total		205,132			62,631			64,495			202,425			104,951			875,661			76,519		1,591,814

Share Capital and Treasury Shares (Details) - Schedule of Share Capital (Parentheticals) - shares	Feb. 29, 2024	Feb. 28, 2023
Schedule of Share Capital [Abstract]
Issued and fully paid ordinary shares of no par value	30,951,106	30,951,106

Inventories (Tables)

12 Months Ended

Feb. 29, 2024

Inventories [Abstract]

Schedule of Inventories

	As of February 29/28
Figures in Rand thousands	2024		2023

Vehicles		2,083		75,843
Other consumables		4,499		3,316
Total inventories		6,582		79,159

Goodwill (Details) - Schedule of Goodwill is Allocated Cash Generating Units - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Goodwill is Allocated Cash Generating Units [Line Items]
Balance, at beginning	R 212,481	R 186,384
Acquisition of subsidiary	6,223
Translation adjustments	8,676	26,097
Balance, at ending	227,380	212,481
Mozambique [Member]
Schedule of Goodwill is Allocated Cash Generating Units [Line Items]
Balance, at beginning	82,277	65,081
Acquisition of subsidiary
Translation adjustments	4,027	17,196
Balance, at ending	86,304	82,277
Portugal [Member]
Schedule of Goodwill is Allocated Cash Generating Units [Line Items]
Balance, at beginning	34,469	30,164
Acquisition of subsidiary
Translation adjustments	2,346	4,305
Balance, at ending	36,815	34,469
Spain [Member]
Schedule of Goodwill is Allocated Cash Generating Units [Line Items]
Balance, at beginning	24,432	21,381
Acquisition of subsidiary
Translation adjustments	1,663	3,051
Balance, at ending	26,095	24,432
Other [Member]
Schedule of Goodwill is Allocated Cash Generating Units [Line Items]
Balance, at beginning	12,989	11,444
Acquisition of subsidiary	6,223
Translation adjustments	640	1,545
Balance, at ending	19,852	12,989
Karooooo Logistics [Member]
Schedule of Goodwill is Allocated Cash Generating Units [Line Items]
Balance, at beginning	58,314	58,314
Acquisition of subsidiary
Translation adjustments
Balance, at ending	R 58,314	R 58,314

Risk Management (Details) - Schedule of Illustrates the Effects on Group’s Earnings and Equity, all Other Factors Remaining Constant - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Illustrates the Effects on Group’s Earnings and Equity, all Other Factors Remaining Constant [Abstract]
Effect on profit before tax (1% increase)	R (479)	R (599)
Effect on profit before tax (1% decrease)	R 479	R 599

Intangible Assets (Details) - Schedule of Intangible Assets - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule of Intangible Assets [Line Items]
Cost	R 247,507	R 186,128
Accumulated amortization	(164,384)	(100,486)
Carrying value	83,123	85,642	R 77,031
Product development costs [Member]
Schedule of Intangible Assets [Line Items]
Cost	200,994	144,922
Accumulated amortization	(129,377)	(76,621)
Carrying value	71,617	68,301
Computer software [Member]
Schedule of Intangible Assets [Line Items]
Cost	36,937	34,039
Accumulated amortization	(28,164)	(20,281)
Carrying value	8,773	13,758	11,321
Trade name [Member]
Schedule of Intangible Assets [Line Items]
Cost	882	782
Accumulated amortization	(752)	(391)
Carrying value	130	391	R 652
Customer relationship [Member]
Schedule of Intangible Assets [Line Items]
Cost	8,694	6,385
Accumulated amortization	(6,091)	(3,193)
Carrying value	R 2,603	R 3,192

Acquisition of Subsidiary (Details) - Cartrack Swaziland (Pty) Ltd [Member] R in Thousands	Mar. 08, 2023 ZAR (R)
Acquisition of Subsidiary [Line Items]
Acquisition of shares and voting interests	76.00%
Consideration amount	R 9,120
Recognizing goodwill	R 6,200

Trade and Other Payables (Details)	12 Months Ended
Trade and Other Payables (Details)	Feb. 29, 2024
Bottom of range [Member]
Trade and Other Payables [Line Items]
Trade payables non-interest bearing	30 days
Top of range [Member]
Trade and Other Payables [Line Items]
Trade payables non-interest bearing	60 days

Capitalized Commission Assets (Tables)

12 Months Ended

Feb. 29, 2024

Capitalized Commission Assets [Abstract]

Schedule of Capitalized Commission Assets

	As of February 29/28
Figures in Rand thousands	2024			2023

Cost		702,540			537,367
Accumulated amortization		(328,019	)		(250,313	)
Carrying value		374,521			287,054

Schedule of Reconciliation of the Carrying Value of Capitalized Sales Commissions

Reconciliation of the carrying value of capitalized sales commissions

	As of February 29/28
Figures in Rand thousands	2024			2023

At March 1		287,054			231,537
Additions		163,716			112,738
Amortization		(83,155	)		(64,707	)
Translation adjustments		6,906			7,486
At February		374,521			287,054

Cash and Cash Equivalents and Bank Overdraft (Details) - Schedule of Cash and Cash Equivalents and Bank Overdraft - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023
Schedule of Cash and Cash Equivalents and Bank Overdraft [Abstract]
Cash on hand	R 1,965	R 398
Bank balances	457,366	318,630
Short-term deposits	196	646,762
Cash and cash equivalents in the consolidated statement of financial position	459,527	965,790
Bank overdrafts	(23,362)	(40)
Cash and cash equivalents in the consolidated statement of cash flows	436,165	965,750
Current assets	459,527	965,790
Current liabilities	(23,362)	(40)
Total cash and cash equivalents	R 436,165	R 965,750

Operating Profit (Tables)

12 Months Ended

Feb. 29, 2024

Operating Profit [Abstract]

Schedule of Operating Profit

		Year ended February 29/28
Figures in Rand thousands	Notes	2024		2023		2022

Operating profit is stated after accounting for the following charges:

Depreciation of property, plant and equipment	5		588,660		493,788		458,281
Amortization of capitalized commission assets	6		83,155		64,707		64,566
Amortization of intangible assets	7		59,482		51,143		39,078
Employee benefits expense ¹			1,076,244		865,831		720,606
Defined contribution plan			45,468		44,681		26,534

¹	After offsetting government grant received ZAR Nil (2023: ZAR Nil million, 2022: ZAR 6.7 million).

Intangible Assets (Details) - Schedule of Reconciliation of the Carrying Value of Intangible Assets - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Reconciliation of the Carrying Value of Intangible Assets [Line Items]
Beginning balance	R 85,642	R 77,031
Acquisition of subsidiary	2,410
Additions	51,214	46,653
Amortization	(59,482)	(51,143)
Translation adjustments	3,339	13,101
Ending balance	83,123	85,642
Product development costs [Member]
Schedule of Reconciliation of the Carrying Value of Intangible Assets [Line Items]
Beginning balance	68,301	59,737
Acquisition of subsidiary
Additions	48,792	38,837
Amortization	(48,605)	(42,638)
Translation adjustments	3,129	12,365
Ending balance	71,617	68,301
Computer software [member]
Schedule of Reconciliation of the Carrying Value of Intangible Assets [Line Items]
Beginning balance	13,758	11,321
Acquisition of subsidiary	100
Additions	2,422	7,816
Amortization	(7,717)	(6,115)
Translation adjustments	210	736
Ending balance	8,773	13,758
Trade name [Member]
Schedule of Reconciliation of the Carrying Value of Intangible Assets [Line Items]
Beginning balance	391	652
Acquisition of subsidiary
Additions
Amortization	(261)	(261)
Translation adjustments
Ending balance	130	391
Customer relationship [Member]
Schedule of Reconciliation of the Carrying Value of Intangible Assets [Line Items]
Beginning balance	3,192	5,321
Acquisition of subsidiary	2,310
Additions
Amortization	(2,899)	(2,129)
Translation adjustments
Ending balance	R 2,603	R 3,192

Other Financial Assets (Details)	12 Months Ended
Other Financial Assets (Details)	Feb. 29, 2024
Karooooo Logistics [Member]
Other Financial Assets [Line Items]
Additional acquisition percentage	13.00%

Acquisition of Subsidiary (Tables)

12 Months Ended

Feb. 29, 2024

Acquisition of Subsidiary [Abstract]

Schedule of Fair Values of Identifiable Net Assets and the Cash Outflows on the Acquisition

The fair values of identifiable net assets and the cash outflows on the acquisition were as follows:

Figures in Rand thousands	Notes	As of February 29, 2024

Other non-current assets			2,868
Cash and cash equivalents			3,778
Other current assets (excluding cash and cash equivalents)			203
Non-current liabilities			(354	)
Current liabilities			(2,683	)

Net identifiable assets acquired			3,812
Add: Goodwill	8		6,223
Less: NCI based on proportionate interest			(915	)
Cash consideration transferred for the business			9,120

Less: cash and cash equivalents acquired			(3,778	)
Less: cash consideration payable			(240	)
Net outflow of cash			5,102

Interest in Subsidiaries (Tables)

12 Months Ended

Feb. 29, 2024

Interest in Subsidiaries [Abstract]

Schedule of Following Table Lists the Entities which are Controlled by the Group

The following table lists the entities which are controlled by the Group.

Company Name

Held by

Country of
incorporation

% holding
2024

% holding
2023

Cartrack Holdings Proprietary Limited⁴

Karooooo Ltd

South Africa

100.0

Carzuka.com Pte Ltd¹

Karooooo Ltd

Singapore

100.0

Karooooo Management Company Pte. Ltd.

Karooooo Ltd

Singapore

100.0

Karooooo Software Pte. Ltd.

Karooooo Ltd

Singapore

100.0

Karooooo Proprietary Ltd

Karooooo Ltd

South Africa

100.0

Karooooo Cartrack Limited ¹⁰

Karooooo Ltd

Uganda

100.0

Cartrack (Cambodia) Co. Ltd

Karooooo Management Company Pte. Ltd.

Cambodia

100.0

Cartrack Swaziland (Pty) Ltd¹¹

Karooooo Management Company Pte. Ltd.

Kingdom of Eswatini

76.0

Carzuka Pte Ltd¹

Carzuka.com Pte. Ltd.

Singapore

100.0

Karooooo Technologies Proprietary Limited²

Karooooo Proprietary Ltd

South Africa

100.0

Cartrack Management Services Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Manufacturing Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Insurance Agency Proprietary Limited³

Cartrack Holdings Proprietary Limited

South Africa

100.0

Cartrack Namibia Proprietary Limited

Cartrack Holdings Proprietary Limited

Namibia

100.0

Cartrack Technologies Pte. Limited

Cartrack Holdings Proprietary Limited

Singapore

100.0

Carzuka Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Purple rain Properties No.444 Proprietary Limited

Cartrack Holdings Proprietary Limited

South Africa

100.0

Karooooo Logistics (Pty) Ltd⁶

Cartrack Holdings Proprietary Limited

South Africa

70.1

Cartrack Telematics Proprietary Limited⁹

Cartrack Proprietary Limited

South Africa

49.0

CTK Shell 1 (Pty) Ltd^1,7

Cartrack Proprietary Limited

South Africa

100.0

Karu Holdings Proprietary Limited

Cartrack Proprietary Limited

South Africa

100.0

Combined Telematics Services Proprietary Limited^{1, 9}

Cartrack Proprietary Limited

South Africa

49.0

CTK Shell 2 (Pty) Ltd^1,8

Cartrack Proprietary Limited

South Africa

100.0

Cartrack Tanzania Limited

Cartrack Technologies Pte. Limited

Tanzania

100.0

Karooooo Kenya Limited⁵

Cartrack Technologies Pte. Limited

Kenya

70.0

Cartrack Engineering Technologies Limited

Cartrack Technologies Pte. Limited

Nigeria

100.0

PT. Cartrack Technologies Indonesia

Cartrack Technologies Pte. Limited

Indonesia

100.0

Company Name

Held by

Country of
incorporation

% holding
2024

% holding
2023

Cartrack Investments UK Limited¹

Cartrack Technologies Pte. Limited

United Kingdom

100.0

Cartrack Technologies (China) Limited

Cartrack Technologies Pte. Limited

Hong Kong

100.0

Cartrack Malaysia SDN.BHD

Cartrack Technologies Pte. Limited

Malaysia

100.0

Cartrack Technologies LLC

Cartrack Technologies Pte. Limited

U.A.E

100.0

Cartrack Technologies PHL.INC.

Cartrack Technologies Pte. Limited

Philippines

100.0

Cartrack Technologies South East Asia Pte. Limited

Cartrack Technologies Pte. Limited

Singapore

100.0

Cartrack Ireland Limited

Cartrack Technologies Pte. Limited

Republic of Ireland

100.0

Cartrack Technologies (Thailand) Company Limited

Cartrack Technologies Pte. Limited

Thailand

100.0

Cartrack New Zealand Limited

Cartrack Technologies Pte. Limited

New Zealand

51.0

Cartrack (Australia) Proprietary Limited

Cartrack Technologies Pte. Limited

Australia

100.0

Cartrack Technologies Zambia Limited¹

Cartrack Technologies Pte. Limited

Zambia

100.0

Cartrack (Mauritius) Ltd¹

Cartrack Technologies Pte. Limited

Mauritius

100.0

Cartrack Vietnam Limited Liability Company¹

Cartrack Technologies Pte. Limited

Vietnam

100.0

Cartrack INC.

Cartrack Ireland Limited

U.S.A

100.0

Cartrack Polska.Sp.zo.o

Cartrack Ireland Limited

Poland

90.9

Cartrack Portugal S.A.

Cartrack Ireland Limited

Portugal

100.0

Cartrack Espana. S.L.U.

Cartrack Ireland Limited

Spain

100.0

Karu.Com. Unipessoal. Lda

Cartrack Portugal S.A.

Portugal

100.0

Cartrack Limitada⁹

Cartrack Technologies LLC

Mozambique

50.0

Auto Club LDA

Cartrack Technologies LLC

Mozambique

90.0

80.0

Cartrack for Information Technology Company¹

Cartrack Technologies LLC

Kingdom of Saudi Arabia

51.0

Dormant

²	Previously known as Cartrack Technologies Proprietary Limited

³	Previously known as Drive and Save Proprietary Limited

⁴	Previously known as Cartrack Holdings Limited

⁵	Previously known as Retriever Limited
⁶	Previously known as Picup Technologies Proprietary Limited
⁷	Previously known as Veraspan Proprietary Limited
⁸	Previously known as Zonke Bonke Telecoms Proprietary Limited
⁹	The Group considers Cartrack Limitada, Combined Telematics Services Proprietary Limited and Cartrack Telematics Proprietary Limited as subsidiaries of the Group as the Group has the right to appoint majority of the directors on the Board of Directors of these entities through contractual shareholders’ agreement. The Board of Directors of the companies direct the relevant activities of these entities. Accordingly, the Group is exposed to and has the rights to variable returns, and has the ability to affect those returns through the Board of Directors.
¹⁰	90% of the share capital of Karooooo Cartrack Limited is held by Karooooo Limited and the remainder 10% of the share capital is held by Karooooo Management Company Pte Limited.
¹¹	74% of the share capital of Cartrack Swaziland (Pty) Ltd is held by Karooooo Management Company Pte. Ltd. and 2% is held by Cartrack Holdings Proprietary Limited.

Accounting Policies, by Policy (Policies)

12 Months Ended

Feb. 29, 2024

Accounting Policies [Abstract]

Basis of consolidation

a)	Basis of consolidation

The consolidated financial statements comprises the financial statements of the Company and its subsidiaries as at the end of the reporting period. The financial statements of the subsidiaries used in the preparation of the consolidated financial statements are prepared for the same reporting date as the Company. Consistent accounting policies are applied to like transactions and events in similar circumstances.

All intra-group balances, income and expenses and unrealized gains and losses resulting from intra-group transactions and dividends are eliminated in full.

Subsidiaries are consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases.

Losses within a subsidiary are attributed to the non-controlling interest even if that results in a deficit balance.

Business combinations and goodwill

Business combinations are accounted for using the acquisition method. Identifiable assets acquired and liabilities assumed in business combination are measured initially at their fair values at the acquisition date. Acquisition-related costs are recognized as expenses in the periods in which the costs are incurred and the services are received.

Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Subsequent changes to the fair value of the contingent consideration which is an asset or liability are recognized in profit or loss.

Non-controlling interest in the acquiree, that are present ownership interests and entitled their holders to a proportionate share of net assets of the acquiree are recognized on the acquisition date at either fair value, or the non-controlling interest’s proportionate share of the acquiree’s identifiable net assets.

Any excess of the sum of the fair value of the consideration transferred in the business combination, the amount of non-controlling interest in the acquiree (if any), and the fair value of the Group’s previously held equity interest in the acquiree (if any), over the net fair value of the acquiree’s identifiable assets and liabilities is recorded as goodwill. In instances where the latter amount exceeds the former, the excess is recognized as gain on bargain purchase in profit or loss on the acquisition date.

Goodwill is initially measured at cost. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses.

For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to the Group’s cash-generating units that are expected to benefit from the synergies of the combination.

The cash-generating units to which goodwill have been allocated is tested for impairment annually and whenever there is an indication that the cash-generating unit may be impaired. Impairment is determined for goodwill by assessing the recoverable amount of each cash-generating unit (or group of cash-generating units) to which the goodwill relates.

Subsidiaries

Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial results of subsidiaries are consolidated into the Group’s results from acquisition date until loss of control.

When the Group loses control over a subsidiary, it derecognizes the assets and liabilities of the subsidiary, and any related NCI and other components of equity. Any resulting gain or loss is recognized in profit or loss. Any interest retained in the former subsidiary is measured at fair value when control is lost.

Non-controlling interest

Non-controlling interest (“NCI”) represents the equity in subsidiaries not attributable, directly or indirectly, to owners of the Company. Changes in the Company’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. In such circumstances, the carrying amounts of the controlling and non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiary. Any difference between the amount by which the non-controlling interest is adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the Company.

During the financial year ended February 28, 2022, the Group changed the accounting policy voluntarily and accounted for the acquisition of NCI of Cartrack as a separate reserve, “capital reserve” instead of retained earnings. This is to provide transparency to the users since the reinvestment offer is a significant event (see Note 1). The change in accounting policy was corrected prospectively as the impact to the prior period is not material. Subsequent acquisition of interest in subsidiaries without change in control is accounted for under capital reserve.

Foreign currency

b)	Foreign currency

i.	*Functional and presentation currency*

The financial statements are presented in ZAR, which is the Group’s presentation currency. Each entity in the Group determines its own functional currency and items included in the financial statements of each of entities are measured using the currency of the primary economic environment in which the entity operates.

ii.

Transactions and balances

Transactions in foreign currencies are measured in the respective functional currencies of the Company and its subsidiaries and are recorded on initial recognition in the functional currencies at exchange rates approximating those ruling at the transaction dates. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the end of the reporting period. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was measured.

Exchange differences arising on the settlement of monetary items or on translating monetary items at the end of the reporting period are recognized in profit or loss.

iii.

Consolidated financial statements

For consolidation purpose, the assets and liabilities of foreign operations are translated into ZAR at the rate of exchange ruling at the end of the reporting period and their profit or loss are translated at the exchange rates prevailing at the date of the transactions. The exchange differences arising on the translation are recognized in other comprehensive income. On disposal of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in profit or loss.

Exchange differences arising on monetary items that form part of the Group’s net investment in foreign operations are recognized initially in other comprehensive income and accumulated under foreign currency translation reserve in equity. The foreign currency translation reserve is reclassified from equity to profit or loss of the Group on disposal of the foreign operation.

Monetary items cease to form part of the net investment in the foreign operation at the moment in time when the Group decides that settlement is planned or is likely to occur in the foreseeable future. Accordingly, exchange differences arising on these monetary items up to that date are recognized in other comprehensive income and accumulated under foreign currency translation reserve in equity. The exchange differences that arise after that date are recognized in profit or loss. When these monetary items are settled, the exchange differences accumulated under foreign currency translation reserve in equity are reclassified from equity to profit or loss.

Financial instruments

c)	Financial instruments

i.	*Financial assets*

Initial recognition and measurement

Financial assets are recognized when, and only when, the Group becomes a party to the contractual provisions of the financial instruments.

At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss.

Trade receivables are measured at the amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third party, if the trade receivables do not contain a significant financing component at initial recognition.

Subsequent measurement

Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the contractual cash flow characteristics of the asset. The measurement categories for classification of debt instruments are:

Amortized cost

Financial assets that are held for the collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. Financial assets are measured at amortized cost using the effective interest method, less impairment. Gains and losses are recognized in profit or loss when the assets are derecognized or impaired, and through amortization process.

Fair value through other comprehensive income (“FVOCI”)

Financial assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Financial assets measured at FVOCI are subsequently measured at fair value. Any gains or losses from changes in fair value of the financial assets are recognized in other comprehensive income, except for impairment losses, foreign exchange gains and losses and interest calculated using the effective interest method are recognized in profit or loss. The cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss as a reclassification adjustment when the financial asset is derecognized.

Fair value through profit or loss (“FVPL”)

Assets that do not meet the criteria for amortized cost or FVOCI are measured at fair value through profit or loss. A gain or loss on a debt instrument that is subsequently measured at fair value through profit or loss and is not part of a hedging relationship is recognized in profit or loss in the period in which it arises.

Derecognition

A financial asset is derecognized where the contractual right to receive cash flows from the asset has expired. On derecognition of a financial asset in its entirety, the difference between the carrying amount and the sum of the consideration received and any cumulative gain or loss that had been recognized in other comprehensive income for debt instruments is recognized in profit or loss.

ii.

Financial liabilities

Initial recognition and measurement

Financial liabilities are recognized when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial liabilities at initial recognition.

All financial liabilities are recognized initially at fair value plus in the case of financial liabilities not at fair value through profit or loss, directly attributable transaction costs.

Subsequent measurement

After initial recognition, financial liabilities that are not carried at fair value through profit or loss are subsequently measured at amortized cost using the effective interest rate method. Gains and losses are recognized in profit or loss when the liabilities are derecognized, and through the amortization process.

Derecognition

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expired. On derecognition, the difference between the carrying amounts and the consideration paid is recognized in profit or loss.

Derivative financial instruments

d)	Derivative financial instruments

Derivatives are initially measured at fair value and any directly attributable transactions are recognized in profit or loss as incurred. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are generally recognized in profit or loss. For derivatives entered as a transaction with owner, changes in the fair value is recognized directly in equity.

Impairment of financial assets

e)	Impairment of financial assets

The Group recognizes an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.

ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a “12-month ECL”). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is recognized for credit losses expected over the remaining life of the exposure, irrespective of timing of the default (a “lifetime ECL”).

For trade receivables, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment which could affect debtor’s ability to pay.

The Group considers a financial asset in default when contractual payments are 360 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows.

Property, plant and equipment

f)	Property, plant and equipment

i.	*Recognition and measurement*

All items of property, plant and equipment are initially recorded at cost. Subsequent to recognition, property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.

The cost of telematic devices is capitalized as property, plant and equipment.

In-vehicle capitalized telematics devices are installed in customers’ vehicles as part of a subscription contract. The telematics device and directly related installation costs are capitalized and depreciated over the expected useful life of the average contract. The related depreciation expense is recorded as part of cost of sales in the consolidated statement of profit and loss. If a subscriber contract with a customer is cancelled prior to the end of its useful life, the unamortized cost is recognized immediately in profit and loss.

Where subscriber contracts are expected to be in existence for periods significantly shorter than the average useful life of 60 months, these are depreciated over a reduced useful life.

Uninstalled telematics devices are devices not installed and available for installation. Work in progress telematics devices are devices in progress of being manufactured.

ii.

Depreciation

Depreciation is computed on a straight-line basis over their estimated useful lives of property, plant and equipment including right of use assets as follows:

Category	Depreciation method	Average useful life
Property	Straight line	20-50 years
Property - Right of use assets	Straight line	Lease term or useful life whichever is shorter
Property - Leasehold improvements	Straight line	3 years or lease term
Plant, equipment and vehicles	Straight line	4-5 years
IT equipment	Straight line	3 years
Capitalized telematics devices - Installed	Straight line	5 years

Depreciation is recognized when the property, plant and equipment are installed and are ready for use. Land and construction in progress are stated at cost and are not depreciated.

The residual value, useful life and depreciation method are reviewed at each financial year-end, and adjusted prospectively, if appropriate.

An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on derecognition of the asset is included in profit and loss in the year the asset is derecognized.

Capitalized commission assets

g)	Capitalized commission assets

i.	*Recognition and measurement*

Incremental sales commission costs which are directly related to a customer contract are capitalized to capitalized commission assets and are measured at cost less accumulated amortization.

ii.

Amortization

The capitalized commission assets are amortized over the expected useful life of the average contract which is 60 months. If a contract with a customer is cancelled prior to the end of its useful life, the unamortized cost is recognized immediately in profit and loss.

The useful life of items of capitalized commission assets has been assessed as follows:

Item		Amortization method		Average useful life
Capitalized commission assets		Straight line		5 years

Intangible assets

h)	Intangible assets

Intangible assets acquired separately are measured initially at cost. Following initial acquisition, intangible assets are carried at cost less any accumulated amortization and any accumulated impairment losses.

The useful lives of intangible assets are assessed as either finite or indefinite.

Intangible assets with finite useful lives are amortized over the estimated useful life and assessed for impairment annually whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method are reviewed at least at each financial year end. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by changing the amortization period or method, as appropriate, and are treated as changes in accounting estimates.

Intangible assets with indefinite useful lives or not yet available for use are tested for impairment annually, or more frequently if the events and circumstances indicate that the carrying value may be impaired either individually or at the cash-generating unit level. Such intangible assets are not amortized. The useful life of an intangible asset with an indefinite useful life is reviewed annually to determine whether the useful life assessment continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis.

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the profit or loss when the asset is derecognized.

i.	*Product development costs*

Product development costs that are directly attributable to the design, testing and development of identifiable hardware and software, controlled by the Group, are recognized as intangible assets when the following criteria are met:

●

It is technically feasible to complete the software or product so that it will be available for use or sale;

●

Management intends to complete the software or product and use or sell it;

●

There is an ability to use or sell the software or product;

●

It can be demonstrated how the software or product will generate probable future economic benefits;

●

Adequate technical, financial and other resources to complete the development and use or sell the software or product are available; and

●

The expenditure attributable to the software or product during its development can be reliably measured.

Directly attributable costs that are capitalized as part of the intangible assets include software costs and the costs of personnel whose sole responsibility is their involvement in the Group’s research and development function.

Other product development expenditures that do not meet the recognition criteria are recognized as an expense as incurred. Product development costs previously recognized as an expense are not recognized as an asset in a subsequent period if the criteria are subsequently met.

Costs incurred in enhancing current telematics hardware (telematics devices) and software (SaaS platform) are expensed when incurred.

The capitalized product development costs are amortized over their estimated useful life which is considered to be three years due to the life cycle of telematics hardware and software applications.

ii.

Computer software

Computer software comprises self-developed computer software acquired in a business combination and externally acquired computer software. Acquired computer software licenses are capitalized on the basis of costs incurred to acquire and bring the software into use.

The acquired computer software is amortized over the expected useful life which is generally three to five years. Self-developed computer software acquired in a business combination are recognized at fair value at the acquisition date and subsequently carried at cost less accumulated amortization and accumulated impairment losses, if any.

iii.

Brand name

Brand name acquired in a business combination are recognized at fair value at the acquisition date and subsequently carried at cost less accumulated amortization and accumulated impairment losses. Brand name is amortized on a straight-line basis over the expected useful life of five years.

iv.

Customer relationships

Customer relationships acquired in a business combination are recognized at fair value at the acquisition date and subsequently carried at cost less accumulated amortization and accumulated impairment losses. Customer relationship is amortized on a straight-line basis over the expected useful life of three years.

Impairment of non-financial assets

i)	Impairment of non-financial assets

The Group assesses at each reporting date whether there is an indication of impairment that an asset may be impaired or that a previously recognized impairment loss for an asset other than goodwill may no longer exist or may have decreased. If any indication exists, or when an annual impairment testing for an asset is required, the Group makes an estimate of the asset’s recoverable amount.

An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs of disposal and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

The impairment losses are recognized in profit or loss.

A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. If that is the case, the carrying amount of the asset is increased to its recoverable amount. That increase cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized previously. Such reversal is recognized in profit or loss. Impairment loss relating to goodwill cannot be reversed in future periods.

Taxation

j)	Taxation

i.	*Current income tax*

Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the end of the reporting period, in the countries where the Group operates and generates taxable income.

Current income taxes are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss, either in other comprehensive income or directly in equity. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

Dividend withholding tax is currently payable on dividends distributed to equity holders of the Group at a rate as determined by each country’s jurisdiction. This tax is not attributable to the Company, but is collected by the Company and paid to the tax authorities on behalf of the shareholder.

On receipt of a dividend by a company from an investment held in a tax jurisdiction outside that of the Company, any dividend withholding tax payable is recognized as part of current tax.

ii.

Deferred tax

Deferred tax is provided using the liability method on temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred tax liabilities are recognized for all temporary differences, except:

●

When the deferred tax liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss.

●

In respect of taxable temporary differences associated with investments in subsidiaries and interests in joint venture, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future.

Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized, except:

●

When the deferred tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss.

●

In respect of deductible temporary differences associated with investments in subsidiaries and interests in joint venture, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at the end of each reporting period and are recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the end of each reporting period.

Deferred tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

The Group offsets deferred tax assets and deferred tax liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

iii.

Value added tax

Revenues, expenses and assets are recognized net of the amount of value added tax except:

●

Where the value added tax incurred on a purchase of assets or services is not recoverable from the taxation authority, in which case the value added tax is recognized as part of the cost of acquisition of the asset or as part of the expense item as applicable; and

●

Receivables and payables that are stated with the amount of value added tax included.

The net amount of value added tax recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the statement of financial position.

Leases

k)	Leases

The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

i.	*As Lessee*

The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities representing the obligations to make lease payments and right-of-use assets representing the right to use the underlying leased assets.

Right-of-use assets

The Group recognizes right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets.

If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. The accounting policy for impairment is disclosed in Note 2.2(i).

The Group’s right-of-use assets are presented in property, plant and equipment in the consolidated statement of financial position.

Lease liabilities

At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs.

In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g. changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset.

The Group’s lease liabilities are presented separately in the consolidated statement of financial position and in Note 17.

Short-term leases and leases of low-value assets

The Group applies the short-term lease recognition exemption to not recognize right-of-use assets and lease liabilities that have a lease term of 12 months or less and leases of low-value assets. The lease payments associated with these leases are charged directly to profit on a straight-line basis over the lease term.

ii.

As Lessor (Finance lease)

Leases where the Group has transferred substantially all risks and rewards incidental to ownership of the leased assets to the lessees are classified as finance leases.

The leased asset is derecognized and the present value of the lease receivable is recognized on the balance sheet and included in “trade and other receivables and prepayments”. The difference between the gross receivable and the present value of the lease receivable is recognized as finance income.

Each lease payment received is applied against the gross investment in the finance lease receivable to reduce both the principal and the unearned finance income. The finance income is recognized in profit or loss on a basis that reflects a constant periodic rate of return on the net investment in the finance lease receivable.

Initial direct costs incurred by the Group in negotiating and arranging finance leases are added to finance lease receivables and reduce the amount of income recognized over the lease term.

Inventories

l)	Inventories

Inventories are stated at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. The cost of inventories comprises of all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

Cost is determined on a weighted average cost basis.

Management considers the condition and usability of inventories on an annual basis to determine whether an allowance for obsolete inventory is required.

Cash and cash equivalents

m)	Cash and cash equivalents

Cash and cash equivalents comprise cash balances and short-term deposits with maturities of three months or less from the date of acquisition that are subject to an insignificant risk of changes in their fair value, and are used by the Group in the management of its short-term commitments.

For the purpose of the statement of cash flows, bank overdrafts that are repayable on demand and form an integral part of the Group’s cash management are included in cash and cash equivalents. Bank overdrafts are included within current liabilities on the statement of financial position. Restricted cash is excluded from the statement of cash flows.

Borrowing costs

n)	Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other borrowing costs are expensed in the period they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.

Employee benefits

o)	Employee benefits

i.	*Defined contribution plans*

The Group participates in the national pension schemes as defined by the laws of the countries in which it has operations. In particular, the Singapore companies in the Group make contributions to the Central Provident Fund scheme in Singapore, a defined contribution pension scheme. Contributions to defined contribution pension schemes are recognized as an expense in the period in which the related service is performed.

ii.

Employee leave entitlement

Employee entitlements to annual leave are recognized as a liability when they are accrued to the employees. The undiscounted liability for leave expected to be settled wholly before twelve months after the end of the reporting period is recognized for services rendered by employees up to the end of the reporting period.

Provisions and contingencies

p)	Provisions and contingencies

Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation can be estimated reliably.

Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic resources will be required to settle the obligation, the provision is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

The Group offers warranties of up to ZAR 1.0 million in the event of the non-recovery of a stolen vehicle, subject to various terms and conditions. The provision for future warranty claims is based on known claims at year end and takes into account the historic claims to payment ratio.

Revenue

q)	Revenue

The Group principally generates revenue from providing a full-stack smart mobility software-as-a-service (“SaaS”) platform for connected vehicles and other assets. The Group recognizes revenue as or when it satisfies its performance obligations.

Hardware revenue

Hardware revenue is recognized when control of the telematics device was transferred to the customer which occurred upon installation on the customer’s vehicle. The payment terms is generally 30 days.

Installation revenue

Installation revenue is recognized when the device is successfully installed, which occurs at the same time that control of the hardware is transferred to the customer, which occurs upon installation on the customer’s vehicle. Customers are invoiced when the devices are installed and payment terms is generally 30 days.

Subscription revenue

Revenues arising from the SaaS service is recognized as the service is provided over the contractual term. Customers are invoiced monthly in advance and invoices are payable on presentation.

The Group has assessed whether its subscription contract arrangements contain a significant financing component and it was determined that the contracts do not have a significant financing component because the difference between the timing of when the cash is received and the services are transferred to the customer is not to provide the customer with a benefit of financing.

Miscellaneous contract fees

The Group sometimes makes miscellaneous SaaS charges to customers to maintain the telematic devices, process administrative changes to contractual terms, or for contract cancellation. Such charges are recognized and invoiced when they arise and payment terms are generally 30 days.

Motor Dealership Embedded Devices

The Group installs devices into motor dealership vehicles free of charge, but ownership of the embedded devices remains with the Group. Such devices were recognized as properly, plant and equipment under the category of “capitalized telematics devices - installed”. In some cases, installed devices are removed from dealership vehicles and returned to capitalized telematics devices uninstalled. During the financial year ended February 28, 2022, the reclassification was corrected prospectively as the impact to comparative amounts is not material.

Although the group does collect certain upfront fees from its customers, these fees represent an insignificant proportion of the total transaction price, and therefore the Company has concluded that the amount invoiced each month for subscription services reasonably represents the value to customers of the group’s performance completed to date. Therefore, revenue is recognized for the amount to which the group has a right to invoice and the group qualifies for the practical expedient provided in IFRS 15:B16. Accordingly, as permitted by IFRS 15:121, the quantitative disclosures about the group’s remaining performance obligations (future subscription services) are not provided.

When the motor dealership sells the motor vehicle to a customer, a customer may sign a SaaS subscription contract. Subscription revenue will then be recognized as the service is provided. If the customer does not sign a subscription contract the cost of the device will be recognized immediately in cost of sales.

Since control of the embedded device is not transferred to the customer and the customer does not have the ability to determine how and for what purpose the device is used, the Group has concluded that its contracts do not contain a lease arrangement.

Vehicle sales

Vehicle sales is recognized when ownership of the vehicle is transferred to the customer.

Delivery service fees

Delivery service fee is recognized as the service is rendered.

Interest income

Interest income is recognized using the effective interest method.

Government Grants

r)	Government grants

Government grant relates to Research and Development (“R&D”) incentives and various COVID-19 relief government initiatives.

Government grants are recognized when there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the periods that the related costs, for which it is intended to compensate, are expensed. Where the grant relates to an asset, the fair value is recognized as deferred capital grant on the balance sheet and is amortized to profit or loss over the expected useful life of the relevant asset.

Earnings per share

s)	Earnings per share

Basic earnings per share

Basic earnings per share is calculated by dividing the profit or loss attributable to ordinary shareholders of the Group by the weighted average number of ordinary shares outstanding during the financial year.

Diluted earnings per share

Diluted earnings per share is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the financial year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares.

Share capital and share issue expenses

t)	Share capital and share issue expenses

Proceeds from issuance of ordinary shares are recognized as share capital in equity. Incremental costs directly attributable to the issuance of ordinary shares are deducted against share capital.

Treasury shares

u)	Treasury shares

The Group’s own equity instruments, which are reacquired are recognized at cost and deducted from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount of treasury shares and the consideration received, if reissued, is recognized directly in equity. Voting rights related to treasury shares are nullified for the Group and no dividends are allocated to them respectively.

Contingencies

v)	Contingencies

A contingent liability is:

●

a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group; or

●

a present obligation that arises from past events but is not recognized because:

(i)

It is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

(ii)

The amount of the obligation cannot be measured with sufficient reliability.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group.

Contingent liabilities and assets are not recognized on the statement of financial position of the Group.

Directors and Key Management Personnel Emoluments (Tables)

12 Months Ended

Feb. 29, 2024

Directors and Key Management Personnel Emoluments [Abstract]

Schedule of Key Management Personnel Compensation

Key management personnel compensation comprised the following:

	Year ended February 29/28
Figures in Rand thousands	2024		2023		2022

Short-term employee benefits		18,094		16,557		13,109
Post-employment benefits		430		378		276
		18,524		16,935		13,385

Deferred Revenue (Tables)

12 Months Ended

Feb. 29, 2024

Deferred Revenue [Abstract]

Schedule of Deferred Revenue

	As of February 29/28
Figures in Rand thousands	2024			2023

Beginning balance		395,867			326,404
Amounts deferred in current financial year		474,706			353,719
Amounts released to revenue in the current financial year		(382,081	)		(304,541	)
Translation adjustments		(41,342	)		20,285
Ending balance		447,150			395,867

Non-current liabilities		121,302			112,185
Current liabilities		325,848			283,682
		447,150			395,867

Schedule of Estimated Revenue Expected to be Recognized in Future Related to Performance Obligations

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially satisfied at the end of the reporting period.

	As of February 29/28
Figures in Rand thousands	2024		2023

Maturities analysis
– within one year		325,848		283,682
– within two to four years		115,801		107,558
– over four years		5,501		4,627
Present value of amounts received in advance		447,150		395,867

Loans to/(From) Related Parties (Tables)

12 Months Ended

Feb. 29, 2024

Loans to/(From) Related Parties [Abstract]

Schedule of Loans to Related Parties

	As of February 29/28
Figures in Rand thousands	2024			2023

Non-current assets
Loans to related party		28,200			25,800

Current liabilities
Loans from related parties		(924	)		(607	)

Deferred Revenue (Details) - Schedule of Deferred Revenue - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Deferred Revenue [Line Items]
Beginning balance	R 395,867	R 326,404
Amounts deferred in current financial year	474,706	353,719
Amounts released to revenue in the current financial year	(382,081)	(304,541)
Translation adjustments	(41,342)	20,285
Ending balance	447,150	395,867
Non-current liabilities	121,302	112,185
Current liabilities	325,848	283,682
Total	R 447,150	R 395,867

Share Capital and Treasury Shares (Details) - ZAR (R) R in Millions	1 Months Ended		12 Months Ended
	Apr. 30, 2021	Apr. 21, 2021	Feb. 29, 2024	Feb. 28, 2022	Apr. 01, 2021
Share Capital and Treasury Shares [Line Items]
Number of ordinary shares issue increase	20,332,894
Issued additional shares	1,207,500
Other ordinary shares issued		9,410,712
Treasury stock, share acquired			51,106
Trust held shares			14,637		1,207,500
Acquire amount (in Rand)			R 23.8
Bottom of range [member]
Share Capital and Treasury Shares [Line Items]
Number of ordinary shares issue increase				20,332,894
Top of range [member]
Share Capital and Treasury Shares [Line Items]
Number of ordinary shares issue increase				30,951,106

Consolidated Statements of Profit and Loss (Parentheticals) - R / shares	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Profit or loss [abstract]
Diluted earnings per share (ZAR)	R 23.85	R 19.29	R 15.24

Related Parties (Tables)

12 Months Ended

Feb. 29, 2024

Disclosure of related party [Abstract]

Schedule of Transaction with Related Parties

Transactions with related parties

	Year ended February 29/28
Figures in Rand thousands	2024			2023			2022

Sales to related parties		(30,730	)		(20,139	)		(28,915	)
Purchases from related parties		137,107			92,520			98,032
Rent paid to related parties		8,468			6,121			13,697

Finance Income (Tables)

12 Months Ended

Feb. 29, 2024

Finance Income [Abstract]

Schedule of Finance Income

	Year ended February 29/28
Figures in Rand thousands	2024		2023		2022

Interest income from bank balances		39,418		23,255		6,083

Property, Plant and Equipment (Details) - Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Right-of-use assets [member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	R 117,426	R 102,267
Additions	156,085	59,572
Disposals	(29,591)	(887)
Depreciation	(59,149)	(49,677)
Translation adjustments	4,329	6,151
Ending balance	189,100	117,426
Owned assets [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Total	2,032,794	1,591,814
Owned assets [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	1,474,388	1,288,392
Acquisition of subsidiary	545
Additions	876,354	579,656
Transfer
Disposals	(5,942)	(8,435)
Depreciation	(529,511)	(444,111)
Translation adjustments	27,860	58,886
Ending balance	1,843,694	1,474,388
Land and Property [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	83,947	64,388
Additions	90,523	48,978
Disposals	(21,499)	(698)
Depreciation	(43,622)	(34,450)
Translation adjustments	3,743	5,729
Ending balance	113,092	83,947
Total	235,809	205,132
Land and Property [Member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	121,185	120,015
Acquisition of subsidiary
Additions	8,823	9,057
Transfer
Disposals		(3,230)
Depreciation	(7,557)	(5,425)
Translation adjustments	266	768
Ending balance	122,717	121,185
Plant, equipment and vehicles [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	33,155	32,508
Additions	64,529	9,959
Disposals	(8,092)	(187)
Depreciation	(14,282)	(9,517)
Translation adjustments	585	392
Ending balance	75,895	33,155
Total	110,365	62,631
Plant, equipment and vehicles [Member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	29,476	31,444
Acquisition of subsidiary	512
Additions	14,672	7,513
Transfer
Disposals	(251)	(2,033)
Depreciation	(10,977)	(8,957)
Translation adjustments	1,038	1,509
Ending balance	34,470	29,476
IT equipment [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	324	5,371
Additions	1,033	635
Disposals		(2)
Depreciation	(1,245)	(5,710)
Translation adjustments	1	30
Ending balance	113	324
Total	41,450	64,495
IT equipment [Member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	64,171	49,367
Acquisition of subsidiary	33
Additions	13,123	33,191
Transfer
Disposals	(2,147)	(282)
Depreciation	(35,441)	(25,152)
Translation adjustments	1,598	7,047
Ending balance	41,337	64,171
Capitalized telematics devices – Work-in- Progress [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance
Additions
Disposals
Depreciation
Translation adjustments
Ending balance
Total	130,511	202,425
Capitalized telematics devices – Work-in- Progress [Member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	202,425	138,405
Acquisition of subsidiary
Additions	153,425	142,586
Transfer	(225,339)	(78,566)
Disposals
Depreciation
Translation adjustments
Ending balance	130,511	202,425
Capitalized telematics devices – Uninstalled [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance
Additions
Disposals
Depreciation
Translation adjustments
Ending balance
Total	215,539	104,951
Capitalized telematics devices – Uninstalled [Member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	104,951	173,871
Acquisition of subsidiary
Additions	208,683	111,661
Transfer	(101,722)	(189,160)
Disposals
Depreciation
Translation adjustments	3,627	8,579
Ending balance	215,539	104,951
Capitalized telematics devices - Installed [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance
Additions
Disposals
Depreciation
Translation adjustments
Ending balance
Total	1,032,250	875,661
Capitalized telematics devices - Installed [Member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	875,661	771,124
Acquisition of subsidiary
Additions	287,277	203,295
Transfer	327,061	267,726
Disposals	(3,544)	(2,890)
Depreciation	(475,536)	(404,577)
Translation adjustments	21,331	40,983
Ending balance	1,032,250	875,661
Construction in progress [member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance
Additions
Disposals
Depreciation
Translation adjustments
Ending balance
Total	266,870	76,519
Construction in progress [member] \| Owned assets [Member] \| Reconciliation of the carrying value of property, plant and equipment [Member]
Schedule of Reconciliation of the Carrying Value of Property, Plant and Equipment [Line Items]
Beginning balance	76,519	4,166
Acquisition of subsidiary
Additions	190,351	72,353
Transfer
Disposals
Depreciation
Translation adjustments
Ending balance	R 266,870	R 76,519

Consolidated Statements of Profit and Loss - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Profit or loss [abstract]
Revenue	R 4,205,511	R 3,507,067	R 2,746,151
Cost of sales	(1,514,674)	(1,234,672)	(922,561)
Gross profit	2,690,837	2,272,395	1,823,590
Other income	11,831	9,828	1,841
Operating expenses	(1,660,166)	(1,400,308)	(1,126,306)
Sales and marketing	(500,903)	(431,140)	(333,259)
General and Administration	(837,606)	(704,603)	(555,327)
Research and development	(212,235)	(177,024)	(149,238)
Expected credit losses on financial assets	(109,422)	(87,541)	(88,482)
Operating profit	1,042,502	881,915	699,125
Initial public offering costs (“IPO”)			(10,288)
Finance income	39,418	23,255	6,083
Finance costs	(15,822)	(10,095)	(12,331)
Fair value changes to derivative assets	(388)	(971)	(506)
Profit before taxation	1,065,710	894,104	682,083
Taxation	(311,554)	(285,298)	(205,476)
Profit for the year	754,156	608,806	476,607
Profit attributable to:
Owners of the parent	738,191	597,153	449,953
Non-controlling interest	15,965	11,653	26,654
Total Profit	R 754,156	R 608,806	R 476,607
Earnings per share
Basic earnings per share (ZAR) (in Rand per share)	R 23.85	R 19.29	R 15.24

Finance Costs (Tables)

12 Months Ended

Feb. 29, 2024

Finance Cost [Abstract]

Schedule of Finance Costs

	Year ended February 29/28
Figures in Rand thousands	2024		2023		2022

Lease liabilities		11,371		8,199		6,249
Term loans		194		797		4,317
Overdraft		2,296		291		794
Others		1,961		808		971
		15,822		10,095		12,331

Lease Liabilities

12 Months Ended

Feb. 29, 2024

Lease Liabilities [Abstarct]

LEASE LIABILITIES

17. LEASE LIABILITIES

	As of February 29/28
Figures in Rand thousands	2024		2023

Maturities analysis
– within one year		63,055		52,843
– within two to four years		123,387		57,930
– over four years		7,898		9,954
Present value of lease payments		194,340		120,727

Non-current liabilities		131,285		67,882
Current liabilities		63,055		52,845
		194,340		120,727

It is Group policy to lease the various commercial properties occupied by the Group’s operations and certain motor vehicles are leased in terms of installment sale agreements. The average term of the installment sale agreements is between three to four years and interest is charged at prime linked interest rates. The Group’s obligations under instalment sale agreements are secured by the leased assets.

Property leases capitalized have an average lease term of four years and interest incurred is at an incremental borrowing rate of a similar asset. External sources of information were used to determine incremental borrowing rate of a similar asset. Total cash outflows for leases recognized in statement of cash flows ZAR 69.3 million (2023: ZAR 64.8 million, 2022: ZAR 53.3 million).

The Group leases office building, motor vehicles and IT equipment with contract terms less than twelve months. These leases are short-term. For the financial year ended February 29, 2024, the Group recognized lease payments of ZAR 7.3 million (2023: ZAR 6.2 million, 2022: ZAR 8.2 million) associated with these short-term leases as an expense on a straight-line basis over the lease term.

Finance Costs

12 Months Ended

Feb. 29, 2024

Finance Cost [Abstract]

FINANCE COSTS

23. FINANCE COSTS

	Year ended February 29/28
Figures in Rand thousands	2024		2023		2022

Lease liabilities		11,371		8,199		6,249
Term loans		194		797		4,317
Overdraft		2,296		291		794
Others		1,961		808		971
		15,822		10,095		12,331

Property, Plant and Equipment (Details) - Schedule of Property, Plant and Equipment - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	R 4,233,017	R 3,376,916
Accumulated depreciation	(2,389,323)	(1,902,528)
Carrying value	1,843,694	1,474,388
Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost	327,458	246,408
Accumulated depreciation	(138,358)	(128,982)
Carrying value	189,100	117,426
Total	2,032,794	1,591,814
Land and Property [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	153,962	147,607
Accumulated depreciation	(31,245)	(26,422)
Carrying value	122,717	121,185
Land and Property [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost	202,367	172,155
Accumulated depreciation	(89,275)	(88,208)
Carrying value	113,092	83,947
Total	235,809	205,132
Plant, equipment and vehicles [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	129,567	134,813
Accumulated depreciation	(95,097)	(105,337)
Carrying value	34,470	29,476
Plant, equipment and vehicles [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost	105,692	53,083
Accumulated depreciation	(29,797)	(19,928)
Carrying value	75,895	33,155
Total	110,365	62,631
IT equipment [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	161,133	143,734
Accumulated depreciation	(119,796)	(79,563)
Carrying value	41,337	64,171
IT equipment [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost	19,399	21,170
Accumulated depreciation	(19,286)	(20,846)
Carrying value	113	324
Total	41,450	64,495
Capitalized telematics devices – Work-in- Progress [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	130,511	202,425
Accumulated depreciation
Carrying value	130,511	202,425
Capitalized telematics devices – Work-in- Progress [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total	130,511	202,425
Capitalized telematics devices – Uninstalled [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	215,539	104,951
Accumulated depreciation
Carrying value	215,539	104,951
Capitalized telematics devices – Uninstalled [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total	215,539	104,951
Capitalized telematics devices - Installed [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	3,175,435	2,566,867
Accumulated depreciation	(2,143,185)	(1,691,206)
Carrying value	1,032,250	875,661
Capitalized telematics devices - Installed [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total	1,032,250	875,661
Construction in progress [Member] \| Owned assets [Member]
Property, Plant and Equipment [Line Items]
Cost	266,870	76,519
Accumulated depreciation
Carrying value	266,870	76,519
Construction in progress [Member] \| Right-of-use-assets [Member]
Property, Plant and Equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total	R 266,870	R 76,519

Material Non-Controlling Interest (Details) - ZAR (R) R in Millions	1 Months Ended	12 Months Ended
	Apr. 21, 2021	Feb. 29, 2024	Feb. 28, 2023
Material Non-Controlling Interest [Line Items]
Acquired equity interest	31.90%	31.90%	31.90%
Net assets (in Rand)		R 435.1
Bottom of Range [Member]
Material Non-Controlling Interest [Line Items]
Ownership percentage	68.10%
Top of Range [Member]
Material Non-Controlling Interest [Line Items]
Ownership percentage	100.00%

Interest in Subsidiaries (Details)			12 Months Ended
Interest in Subsidiaries (Details)	Mar. 01, 2023 ZAR (R)	Jun. 15, 2022 USD ($)	Feb. 29, 2024	Jun. 15, 2022 ZAR (R)
Karooooo Limited [Member]
Interest in Subsidiaries [Line Items]
Share capital percentage			90.00%
Karooooo Management Company Pte. Ltd. [Member]
Interest in Subsidiaries [Line Items]
Share capital percentage			10.00%
Cartrack Swaziland (Pty) Ltd [Member]
Interest in Subsidiaries [Line Items]
Share capital percentage			74.00%
Consideration interest amount	R 9,120,000
Voting interest	76.00%
Goodwill recognizing (in Rand)	R 6,200,000
Cartrack Holdings Proprietary Limited [Member]
Interest in Subsidiaries [Line Items]
Share capital percentage			2.00%
Karooooo Kenya Limited [Member]
Interest in Subsidiaries [Line Items]
Interest rate		30%
Consideration interest amount \| $		$ 380,000
Carrying amount of net assets (in Rand)				R 730,112

Basic and Diluted Earnings Per Share Information (Details) - Schedule of Basic and Diluted Earnings Per Share (Parentheticals) - R / shares	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Basic and Diluted Earnings Per Share Information [Abstract]
Diluted earnings per share (ZAR)	R 23.85	R 19.29	R 15.24

Finance Costs (Details) - Schedule of Finance Costs - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Schedule of Finance Costs [Abstract]
Lease liabilities	R 11,371	R 8,199	R 6,249
Term loans	194	797	4,317
Overdraft	2,296	291	794
Others	1,961	808	971
Total	R 15,822	R 10,095	R 12,331

Analysis of Assets and Liabilities by Financial Instrument Classification

12 Months Ended

Feb. 29, 2024

Analysis of Assets and Liabilities by Financial Instrument Classification [Abstract]

ANALYSIS OF ASSETS AND LIABILITIES BY FINANCIAL INSTRUMENT CLASSIFICATION

32. ANALYSIS OF ASSETS AND LIABILITIES BY FINANCIAL INSTRUMENT CLASSIFICATION

The following table shows the carrying amounts and classification of financial assets and financial liabilities. The carrying amounts approximate their fair values.

		As of February 29/28
Figures in Rand thousands	Notes	2024		2023

Financial assets (at amortized cost)
Loans to related party	12		28,200		25,800
Trade and other receivables (excludes prepayments and other taxes)	11		931,495		394,152
Cash and cash equivalents	13		459,527		965,790
			1,419,222		1,385,742

Financial assets (at fair value)
Other financial assets	14		-		388

Financial liabilities (at amortized cost)
Loans from related parties	12		924		607
Trade and other payables (excludes other taxes)	19		398,153		329,481
Term loans	16		48,179		59,947
Bank overdraft	13		23,362		40
			470,618		390,075

Finance Income

12 Months Ended

Feb. 29, 2024

Finance Income [Abstract]

FINANCE INCOME

22. FINANCE INCOME

	Year ended February 29/28
Figures in Rand thousands	2024		2023		2022

Interest income from bank balances		39,418		23,255		6,083

Analysis of Assets and Liabilities by Financial Instrument Classification (Details) - Schedule of Classification of Financial Assets and Financial Liabilities - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023
Loans to related party [Member]
Financial assets (at amortized cost)
Financial assets	R 28,200	R 25,800
Trade and other receivables (excludes prepayments and other taxes) [Member]
Financial assets (at amortized cost)
Financial assets	931,495	394,152
Cash and cash equivalents [Member]
Financial assets (at amortized cost)
Financial assets	459,527	965,790
Total financial assets (at amortized cost) [Member]
Financial assets (at amortized cost)
Financial assets	1,419,222	1,385,742
Other Financial Asset [Member]
Financial assets (at fair value)
Other financial assets		388
Loans from related parties [Member]
Financial assets (at fair value)
Financial liabilities	924	607
Trade and other payables (excludes other taxes) [Member]
Financial assets (at fair value)
Financial liabilities	398,153	329,481
Term loans [Member]
Financial assets (at fair value)
Financial liabilities	48,179	59,947
Bank overdraft [Member]
Financial assets (at fair value)
Financial liabilities	23,362	40
Total financial liabilities (other financial liabilities) [Member]
Financial assets (at fair value)
Financial liabilities	R 470,618	R 390,075

Standards Issued But Not Yet Effective

12 Months Ended

Feb. 29, 2024

Standards Issued But Not Yet Effective [Abstract]

STANDARDS ISSUED BUT NOT YET EFFECTIVE

3. STANDARDS ISSUED BUT NOT YET EFFECTIVE

The Group will apply for the first-time certain standards and amendments, which are effective for annual periods beginning on or after March 1, 2024. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective.

The Group is in the process of assessing the impact of the following new and amended standards on the Group’s consolidated financial statements.

Details of amendment		Annual periods beginning on/after
Amendments to IAS 1: Classification of Liabilities as Current or Non-current		January 1, 2024
Amendments to IFRS 16: Lease Liability in a Sale and Leaseback		January 1, 2024
Amendments to IAS 1: Non-current Liabilities with Covenants		January 1, 2024
Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangement		January 1, 2024
Amendments to IAS 21: Lack of Exchangeability		January 1, 2024
IFRS 7 and IFRS 9: Amendments to the Classification and Measurement of Financial Instruments		January 1, 2026
IFRS 18: Presentation and Disclosure in Financial Statements		January 1, 2027
Amendments to IAS 28 and IFRS 10: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture		To be determined

Basic and Diluted Earnings Per Share Information (Details) - Schedule of Basic and Diluted Earnings Per Share - ZAR (R) R / shares in Units, R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Basic and Diluted Earnings Per Share Information [Abstract]
Profit attributable to ordinary shareholder of Karooooo (ZAR ’000)	R 738,191	R 597,153	R 449,953
Weighted average number of ordinary shares issued	30,948,470	30,951,106	29,528,020
Basic earnings per share (ZAR)	R 23.85	R 19.29	R 15.24

Deferred Tax (Details) - Schedule of Deferred Tax - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Deferred Tax [Abstract]
Deferred tax liabilities	R (69,840)	R (51,894)
Deferred revenue	63,934	59,402
Property, plant and equipment and capitalized commission assets	(158,592)	(144,007)
Lease obligations	(2,411)	4,812
ECL provision on trade receivables	18,716	17,238
Other	8,513	10,661
Deferred tax assets	81,903	60,919
Deferred revenue	5,791	4,856
Property, plant and equipment and capitalized commission assets	41,842	25,233
Tax losses	15,186	8,795
Lease obligations	3,076	2,903
ECL provision on trade receivables	6,504	8,890
Other	9,504	10,242
Total net deferred tax assets	12,063	9,025
Reconciliation of deferred tax assets/(liabilities)
At March 1	9,025	11,320
Increase in deferred revenue temporary differences	5,569	5,417
Decrease in ECL provision on trade receivables temporary differences	(393)	(430)
Decrease in property, plant and equipment and capitalized commission assets temporary differences	4,313	(469)
Increase/(decrease) in tax losses temporary differences	6,370	(13,076)
(Decrease)/increase in lease obligation temporary differences	(7,120)	1,659
(Decrease)/increase in other temporary differences	(3,051)	1,504
Translation adjustments	(2,650)	3,100
At February 29/28	12,063	9,025
Reconciliation of deferred tax balances
At March 1	9,025	11,320
Credit/(charge) to income statement	6,500	(17,229)
Others	132	14,570
Translation adjustments	(3,594)	364
At February 29/28	R 12,063	R 9,025

Deferred Tax

12 Months Ended

Feb. 29, 2024

Deferred Tax [Absrtact]

DEFERRED TAX

9. DEFERRED TAX

		As of February 29/28
Figures in Rand thousands	Note	2024			2023

Deferred tax liabilities			(69,840	)		(51,894	)
Deferred revenue			63,934			59,402
Property, plant and equipment and capitalized commission assets			(158,592	)		(144,007	)
Lease obligations			(2,411	)		4,812
ECL provision on trade receivables			18,716			17,238
Other			8,513			10,661

Deferred tax assets			81,903			60,919
Deferred revenue			5,791			4,856
Property, plant and equipment and capitalized commission assets			41,842			25,233
Tax losses			15,186			8,795
Lease obligations			3,076			2,903
ECL provision on trade receivables			6,504			8,890
Other			9,504			10,242

Total net deferred tax assets			12,063			9,025

Reconciliation of deferred tax assets/(liabilities)
At March 1			9,025			11,320
Increase in deferred revenue temporary differences			5,569			5,417
Decrease in ECL provision on trade receivables temporary differences			(393	)		(430	)
Decrease in property, plant and equipment and capitalized commission assets temporary differences			4,313			(469	)
Increase/(decrease) in tax losses temporary differences			6,370			(13,076	)
(Decrease)/increase in lease obligation temporary differences			(7,120	)		1,659
(Decrease)/increase in other temporary differences			(3,051	)		1,504
Translation adjustments			(2,650	)		3,100
At February 29/28			12,063			9,025

Reconciliation of deferred tax balances
At March 1			9,025			11,320
Credit/(charge) to income statement	24		6,500			(17,229	)
Others			132			14,570
Translation adjustments			(3,594	)		364
At February 29/28			12,063			9,025

Unrecognized deferred tax assets

The Group has not recognized deferred tax assets relating to available tax losses in start-up subsidiaries where the probability of future taxable income is uncertain. These potential deferred tax assets will be recognized and utilized in future periods as and when they meet the recognition criteria. The tax losses available from these subsidiaries are ZAR 113.1 million (2023: ZAR 116.2 million). None of the tax losses expire in terms of local tax legislation.

Unrecognized deferred tax liabilities

No deferred tax liability is recognized on temporary differences of ZAR 1,131.1 million (2023: ZAR 1,194.7 million) relating to the unremitted earnings of overseas subsidiaries as the Group is able to control the timings of the reversal of these temporary differences and it is probable that they will not reverse in the foreseeable future.

Risk Management (Details) - Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments [Line Items]
Term loans	R 56,402	R 73,692
Lease obligations	219,780	130,500
Trade and other payables	398,153	329,481
Loans from related parties	924	607
Bank overdraft	23,362	40
Less than 1 year [Member]
Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments [Line Items]
Term loans	11,313	21,993
Lease obligations	74,161	56,511
Trade and other payables	398,153	329,481
Loans from related parties	924	607
Bank overdraft	23,362	40
2 years [Member]
Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments [Line Items]
Term loans	45,089	18,352
Lease obligations	63,876	37,454
Trade and other payables
Loans from related parties
Bank overdraft
3 years [Member]
Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments [Line Items]
Term loans		17,596
Lease obligations	34,842	15,084
Trade and other payables
Loans from related parties
Bank overdraft
4 years [Member]
Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments [Line Items]
Term loans		15,751
Lease obligations	31,868	11,180
Trade and other payables
Loans from related parties
Bank overdraft
>5 years [Member]
Schedule of Contractual Undiscounted Cash Flows and Includes Contractual Interest Payments [Line Items]
Term loans
Lease obligations	15,033	10,271
Trade and other payables
Loans from related parties
Bank overdraft

Trade and Other Payables (Tables)

12 Months Ended

Feb. 29, 2024

Trade and Other Payables [Abstract]

Schedule of Trade and Other Payables

	As of February 29/28
Figures in Rand thousands	2024		2023

Trade payables
Amounts due to related parties		12,230		13,081
Trade payables		207,308		137,400
Accrued expenses		149,251		121,784
		368,789		272,265

Other payables
Sundry creditors		19,639		22,918
Other taxes		48,131		44,566
Dividend payable to NCI		9,725		34,298
		446,284		374,047

Cash and Cash Equivalents and Bank Overdraft

12 Months Ended

Feb. 29, 2024

Cash and Cash Equivalents and Bank Overdraft [Abstract]

CASH AND CASH EQUIVALENTS AND BANK OVERDRAFT

13. CASH AND CASH EQUIVALENTS AND BANK OVERDRAFT

	As of February 29/28
Figures in Rand thousands	2024			2023

Cash on hand		1,965			398
Bank balances		457,366			318,630
Short-term deposits		196			646,762
Cash and cash equivalents in the consolidated statement of financial position		459,527			965,790
Bank overdrafts		(23,362	)		(40	)
Cash and cash equivalents in the consolidated statement of cash flows		436,165			965,750

Current assets		459,527			965,790
Current liabilities		(23,362	)		(40	)
		436,165			965,750

Information on cash flow management is included in Note 31.2 (b). Refer to Note 36 for information on the various facilities available to the Group.

Taxation Paid (Tables)

12 Months Ended

Feb. 29, 2024

Taxation Paid [Abstract]

Schedule of Taxation Paid

	Year ended February 29/28
Figures in Rand thousands	2024			2023			2022

Balance payable at beginning of the year		(47,369	)		(32,100	)		(10,203	)
Acquisition of subsidiary		–			–			477
Current tax for the year recognized in profit or loss		(318,054	)		(268,069	)		(225,240	)
Translation adjustments		(1,195	)		(3,821	)		341
Balance payable at end of the year		64,661			47,369			32,100
		(301,957	)		(256,621	)		(202,525	)

Fair value of Assets and Liabilities

12 Months Ended

Feb. 29, 2024

Fair Value of Assets and Liabilities [Abstract]

FAIR VALUE OF ASSETS AND LIABILITIES

33. FAIR VALUE OF ASSETS AND LIABILITIES

Fair value hierarchy

The Group categorizes fair value measurement using a fair value hierarchy that is dependent on the valuation inputs used as follows:

●

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Group can access at the measurement date.

●

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

●

Level 3: Unobservable inputs for the asset or liability

Fair value measurements that use inputs of different hierarchy levels are categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

Assets and liabilities measured at fair value

As of February 28, 2023, Derivative – call option (Note 14) was measured at level 3 fair value. No assets and liabilities were measured at fair value as of February 29, 2024.

The fair value of the underlying share of Karooooo Logistics is determined using discounted cash flow model. The key unobservable inputs of the discounted cash flow are as disclosed in Note 8.

Assets and liabilities not measured at fair value, for which fair value is disclosed

As of February 29, 2024, the fair value of loan to related party as disclosed in the table below is based on significant unobservable inputs (Level 3) and have been calculated by discounting the expected future cash flows using rates currently available for instruments on with similar terms, credit risk and remaining maturities.

		As of February 29, 2024
Figures in Rand thousands	Notes	Carrying amount		Aggregate fair value

Loan to related party	12		28,200		29,258

Fair value of financial instruments by classes that are not carried at fair value and whose carrying amounts are reasonable approximation of fair value

Cash and cash equivalents (Note 13), trade and other receivables (Note 11), trade and other payables (Note 19), term loans (Note 16), loans from related parties (Note 12), and lease liabilities (Note 17). The carrying amounts of these financial assets and liabilities are reasonable approximation of fair values as they are short term in nature, market interest rate instruments.

Fair value of financial instrument classes that are not carried at fair value and whose carrying amounts are not reasonable approximation of fair value

There are no financial instruments that are not carried at fair value and whose carrying amounts are not reasonable approximation of fair value.

Inventories (Details) - Schedule of Inventories - ZAR (R) R in Thousands	Feb. 29, 2024	Feb. 28, 2023
Schedule of Inventories [Abstract]
Vehicles	R 2,083	R 75,843
Other consumables	4,499	3,316
Total inventories	R 6,582	R 79,159

Trade and Other Receivables and Prepayments (Tables)

12 Months Ended

Feb. 29, 2024

Trade and Other Receivables and Prepayments [Abstract]

Schedule of Detailed Information About Trade and Other Receivables and Prepayments

	As of February 29/28
Figures in Rand thousands	2024			2023

Trade receivables		554,107			485,740
Expected credit loss provision		(165,240	)		(149,541	)
		388,867			336,199
Other receivables
Deposits		500,646			11,811
Sundry debtors		24,656			24,739
Finance lease receivables		17,326			21,403
Subtotal		931,495			394,152

Prepayments		55,778			32,387
Other taxes		16,956			7,367
Total trade and other receivables and prepayments		1,004,229			433,906


Non-current		18,831			24,715
Current		985,398			409,191
		1,004,229			433,906

Schedule of Maturity Analysis of the Undiscounted Lease Payments to be Received

During the year ended February 28, 2023, the Group entered into a finance leasing arrangement as a lessor for a machinery to a third party. The average term of finance leases entered into is five years. The following table shows the maturity analysis of the undiscounted lease payments to be received:

	As of February 29/28
Figures in Rand thousands	2024		2023

Maturities analysis
– within one year		4,438		4,078
– within two to four years		12,888		14,525
– over four years		-		2,800
Present value of lease payments		17,326		21,403

Non-current asset		12,888		17,325
Current asset		4,438		4,078
		17,326		21,403

Schedule of Reconciliation of the Expected Credit Loss Provision Recognized with Regard to Trade and Other Receivables

Reconciliation of the expected credit loss provision recognized with regard to trade and other receivables

	As of February 29/28
Figures in Rand thousands	2024			2023

At March 1		(149,541	)		(161,683	)
Allowance for expected credit losses, net		(109,422	)		(87,541	)
Amounts utilized		90,538			105,921
Translation adjustments		3,185			(6,238	)
At February 29/28		(165,240	)		(149,541	)

Risk Management (Details) - Schedule of Provides Information About the Expected Credit Loss Rate for Trade Receivables by Ageing Category - ZAR (R) R in Thousands	12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Schedule of Provides Information About the Expected Credit Loss Rate for Trade Receivables by Ageing Category [Line Items]
Expected credit loss rate	30.00%	31.00%
Gross carrying amount	R 554,107	R 485,740
Impairment loss allowance	R 165,240	R 149,541
Since invoicing [Member]
Schedule of Provides Information About the Expected Credit Loss Rate for Trade Receivables by Ageing Category [Line Items]
Expected credit loss rate	6.00%	7.00%
Gross carrying amount	R 201,762	R 195,058
Impairment loss allowance	R 12,844	R 13,177
1 month since invoicing date [Member]
Schedule of Provides Information About the Expected Credit Loss Rate for Trade Receivables by Ageing Category [Line Items]
Expected credit loss rate	14.00%	18.00%
Gross carrying amount	R 64,098	R 51,655
Impairment loss allowance	R 8,988	R 9,434
2 months since invoicing date [Member]
Schedule of Provides Information About the Expected Credit Loss Rate for Trade Receivables by Ageing Category [Line Items]
Expected credit loss rate	22.00%	25.00%
Gross carrying amount	R 39,487	R 29,777
Impairment loss allowance	R 8,627	R 7,328
3 months since invoicing date [Member]
Schedule of Provides Information About the Expected Credit Loss Rate for Trade Receivables by Ageing Category [Line Items]
Expected credit loss rate	54.00%	57.00%
Gross carrying amount	R 248,760	R 209,250
Impairment loss allowance	R 134,781	R 119,602

Interest in Subsidiaries (Details) - Schedule of Following Table Lists the Entities which are Controlled by the Group

12 Months Ended

Feb. 29, 2024

Feb. 28, 2023

Cartrack Holdings Proprietary Limited [Member]

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[1]

Karooooo Ltd

^[1]

South Africa

Carzuka.com Pte Ltd [Member]

^[1]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

Karooooo Ltd

^[2]

Singapore

Karooooo Management Company Pte. Ltd. [Member]

^[2]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Karooooo Ltd

Singapore

Karooooo Software Pte. Ltd. [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Karooooo Ltd

Singapore

Karooooo Proprietary Ltd [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Karooooo Ltd

South Africa

Karooooo Cartrack Limited 11 [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[3]

Karooooo Ltd

^[3]

Uganda

Cartrack (Cambodia) Co. Ltd [Member]

^[3]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Karooooo Management Company Pte. Ltd.

Cambodia

Cartrack Swaziland (Pty) Ltd [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[4]

Karooooo Management Company Pte. Ltd.

^[4]

Kingdom of Eswatini

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[4]

76.00%

Carzuka Pte Ltd [Member]

^[2]

Carzuka.com Pte. Ltd.

^[2]

Singapore

Karooooo Technologies Proprietary Limited [Member]

^[2]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[5]

Karooooo Proprietary Ltd

^[5]

South Africa

Cartrack Management Services Proprietary Limited [Member]

^[5]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

South Africa

Cartrack Proprietary Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

South Africa

Cartrack Manufacturing Proprietary Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

South Africa

Cartrack Insurance Agency Proprietary Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[6]

Cartrack Holdings Proprietary Limited

^[6]

South Africa

Cartrack Namibia Proprietary Limited [Member]

^[6]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

Namibia

Cartrack Technologies Pte. Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

Singapore

Carzuka Proprietary Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

South Africa

Purple rain Properties No.444 Proprietary Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Holdings Proprietary Limited

South Africa

Karooooo Logistics (Pty) Ltd [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[7]

Cartrack Holdings Proprietary Limited

^[7]

South Africa

Cartrack Telematics Proprietary Limited [Member]

^[7]

70.10%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[8]

Cartrack Proprietary Limited

^[8]

South Africa

CTK Shell 1 (Pty) Ltd [Member]

^[8]

49.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2],[9]

Cartrack Proprietary Limited

^[2],[9]

South Africa

Karu Holdings Proprietary Limited [Member]

^[2],[9]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Proprietary Limited

South Africa

Combined Telematics Services Proprietary Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2],[8]

Cartrack Proprietary Limited

^[2],[8]

South Africa

CTK Shell 2 (Pty) Ltd [Member]

^[2],[8]

49.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2],[10]

Cartrack Proprietary Limited

^[2],[10]

South Africa

Cartrack Tanzania Limited [Member]

^[2],[10]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Tanzania

Karooooo Kenya Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[11]

Cartrack Technologies Pte. Limited

^[11]

Kenya

Cartrack Engineering Technologies Limited [Member]

^[11]

70.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Nigeria

PT. Cartrack Technologies Indonesia [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Indonesia

Cartrack Investments UK Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

Cartrack Technologies Pte. Limited

^[2]

United Kingdom

Cartrack Technologies (China) Limited [Member]

^[2]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Hong Kong

Cartrack Malaysia SDN.BHD [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Malaysia

Cartrack Technologies LLC [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

U.A.E

Cartrack Technologies PHL.INC [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Philippines

Cartrack Technologies South East Asia Pte. Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Singapore

Cartrack Ireland Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Republic of Ireland

Cartrack Technologies (Thailand) Company Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Thailand

Cartrack New Zealand Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

New Zealand

Cartrack (Australia) Proprietary Limited [Member]

51.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Technologies Pte. Limited

Australia

Cartrack Technologies Zambia Limited [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

Cartrack Technologies Pte. Limited

^[2]

Zambia

Cartrack (Mauritius) Ltd [Member]

^[2]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

Cartrack Technologies Pte. Limited

^[2]

Mauritius

Cartrack Vietnam Limited Liability Company [Member]

^[2]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

Cartrack Technologies Pte. Limited

^[2]

Vietnam

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

100.00%

Cartrack INC. [Member]

Cartrack Ireland Limited

U.S.A

Cartrack Polska.Sp.zo.o [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Ireland Limited

Poland

Cartrack Portugal S.A.[Member]

90.90%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Ireland Limited

Portugal

Cartrack Espana. S.L.U.[Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Ireland Limited

Spain

Karu.Com. Unipessoal. Lda [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

Cartrack Portugal S.A.

Portugal

Cartrack Limitada [Member]

100.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[8]

Cartrack Technologies LLC

^[8]

Mozambique

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[8]

50.00%

Auto Club LDA [Member]

Cartrack Technologies LLC

Mozambique

Cartrack for Information Technology Company [Member]

90.00%

80.00%

Schedule of Following Table Lists the Entities which are Controlled by the Group [Line Items]

^[2]

Cartrack Technologies LLC

^[2]

Kingdom of Saudi Arabia