Karooooo (KARO) 20-F 13 Jun 23 2023 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Feb. 28, 2023 shares
Document Information Line Items
Entity Registrant Name	Karooooo Ltd.
Trading Symbol	KARO
Document Type	20-F
Current Fiscal Year End Date	--02-28
Entity Common Stock, Shares Outstanding	30,951,106
Amendment Flag	false
Entity Central Index Key	0001828102
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Feb. 28, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-40300
Entity Address, Address Line One	1 Harbourfront Avenue
Entity Address, Address Line Two	Keppel Bay Tower #14-07
Entity Incorporation, State or Country Code	U0
Entity Address, City or Town	Singapore
Entity Address, Country	SG
Entity Address, Postal Zip Code	098632
Title of 12(b) Security	Ordinary shares, no par value per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Accounting Standard	International Financial Reporting Standards
Auditor Firm ID	1051
Auditor Name	KPMG LLP
Auditor Location	Singapore
Auditor One
Document Information Line Items
Auditor Firm ID	1247
Auditor Name	Ernst & Young LLP
Auditor Location	Singapore
Business Contact
Document Information Line Items
Entity Address, Address Line One	17 Kallang Junction #06-05/06
Entity Address, City or Town	Singapore
Entity Address, Country	SG
Entity Address, Postal Zip Code	339274
Contact Personnel Name	Hoe Shin Goy
City Area Code	+65
Local Phone Number	6255 4151
Contact Personnel Email Address	ir@karooooo.com

Consolidated Statement of Finan

Consolidated Statement of Financial Position - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022
Non-current assets
Property, plant and equipment	R 1,591,814	R 1,390,659
Capitalized commission assets	287,054	231,537
Intangible assets	85,642	77,031
Goodwill	212,481	186,384
Loans to related parties	25,800	19,400
Long-term other receivables and prepayments	24,715	9,722
Non-current financial asset	388	1,359
Deferred tax assets	60,919	58,383
Total non-current assets	2,288,813	1,974,475
Current assets
Inventories	79,159	25,369
Trade and other receivables and prepayments	409,191	333,886
Income tax receivables	8,627	8,818
Other financial asset		15,305
Cash and cash equivalents	965,790	731,748
Total current assets	1,462,767	1,115,126
Total assets	3,751,580	3,089,601
Equity
Share capital	7,142,853	7,142,853
Capital reserve	(3,582,568)	(3,587,640)
Common control reserve	(2,709,236)	(2,709,236)
Foreign currency translation reserve	245,109	28,776
Retained earnings	1,564,809	1,276,523
Equity attributable to equity holders of parent	2,660,967	2,151,276
Non-controlling interest	30,908	22,905
Total equity	2,691,875	2,174,181
Non-current liabilities
Term loans	38,304	71,194
Lease liabilities	67,882	64,784
Deferred revenue	112,185	108,256
Deferred tax liabilities	51,894	47,063
Total non-current liabilities	270,265	291,297
Current liabilities
Term loans	21,643	18,156
Trade and other payables	374,047	281,866
Loans from related parties	607	2,134
Lease liabilities	52,845	47,294
Deferred revenue	283,682	218,148
Bank overdraft	40	13,722
Income tax payables	55,996	40,918
Provision for warranties	580	1,885
Total current liabilities	789,440	624,123
Total liabilities	1,059,705	915,420
Total equity and liabilities	R 3,751,580	R 3,089,601

Consolidated Statement of Profi

Consolidated Statement of Profit and Loss - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Profit or loss [abstract]
Revenue	R 3,507,067	R 2,746,151	R 2,290,543
Cost of sales	(1,234,672)	(922,561)	(670,523)
Gross profit	2,272,395	1,823,590	1,620,020
Other income	9,828	1,841	2,166
Operating expenses	(1,400,308)	(1,126,306)	(895,624)
Sales and marketing	(431,140)	(333,259)	(238,110)
General and Administration	(704,603)	(555,327)	(476,534)
Research and development	(177,024)	(149,238)	(100,138)
Expected credit losses on financial assets	(87,541)	(88,482)	(80,842)
Operating profit	881,915	699,125	726,562
Initial public offering costs (“IPO”)		(10,288)	(25,570)
Finance income	23,255	6,083	4,358
Finance costs	(10,095)	(12,331)	(9,302)
Fair value changes to derivative assets	(971)	(506)
Profit before taxation	894,104	682,083	696,048
Taxation	(285,298)	(205,476)	(198,628)
Profit for the year	608,806	476,607	497,420
Profit attributable to:
Owners of the parent	597,153	449,953	318,183
Non-controlling interest	11,653	26,654	179,237
Total Profit	R 608,806	R 476,607	R 497,420
Earnings per share
Basic earnings per share (ZAR) (in Rand per share)	R 19.29	R 15.24	R 15.65

Consolidated Statement of Pro_2

Consolidated Statement of Profit and Loss (Parentheticals) - R / shares	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Profit or loss [abstract]
Diluted earnings per share (ZAR)	R 19.29	R 15.24	R 15.65

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Consolidated Statement Of Comprehensive Income Abstract
Profit for the year	R 608,806	R 476,607	R 497,420
Items that may be reclassified to profit or loss in future periods:
Exchange differences on translating foreign operations	220,471	17,955	(10,240)
Other comprehensive income for the year	220,471	17,955	(10,240)
Total comprehensive income for the year net of income tax	829,277	494,562	487,180
Total comprehensive income attributable to:
Owners of the parent	813,486	469,024	316,037
Non-controlling interest	15,791	25,538	171,143
Total comprehensive income	R 829,277	R 494,562	R 487,180

Consolidated Statement of Chang

Consolidated Statement of Changes in Equity - ZAR (R) R in Thousands		Share capital	Common control reserve	Foreign currency translation	Investment by owner	Retained earnings	Total attributable to owner of the parent	Non- controlling interest		Share capital	Total
Balance at Feb. 29, 2020		R 10		R 11,851	R 30,383	R 835,978	R 878,222	R 346,913			R 1,225,135
Profit for the year						318,183	318,183	179,237			497,420
Other comprehensive income				(2,146)			(2,146)	(8,094)			(10,240)
Total comprehensive income for the year				(2,146)		318,183	316,037	171,143			487,180
Dividends						(272,235)	(272,235)	(145,859)			(418,094)
Common control reserve	[1]	2,739,619	(2,709,236)		(30,383)
Total contribution by and distributions to owner		2,739,619	(2,709,236)		(30,383)	(272,235)	(272,235)	(145,859)			(418,094)
Reclassification	[2]					(58,671)	(58,671)	58,671
Total transactions with owner		2,739,619	(2,709,236)		(30,383)	(330,906)	(330,906)	(87,188)			(418,094)
Acquiring interest in subsidiaries without change in control						(7,893)	(7,893)	(3,666)			(11,559)
Disposal of interest in subsidiaries without change in control						(147)	(147)	(69)			(216)
Total changes in ownership interest in subsidiaries						(8,040)	(8,040)	(3,735)			(11,775)
Balance at Feb. 28, 2021		2,739,629	(2,709,236)	9,705		815,215	855,313	427,133			1,282,446
Profit for the year						449,953	449,953	26,654			476,607
Other comprehensive income				19,071			19,071	(1,116)			17,955
Total comprehensive income for the year				19,071		449,953	469,024	25,538			494,562
Issuance of share capital		4,452,423					4,452,423				4,452,423
IPO costs off set against share capital		(49,199)					(49,199)				(49,199)
Dividends								(6,726)	[3]		(6,726)
Derivative – put option						15,305	15,305				15,305
Total contribution by and distributions to owner		4,403,224				15,305	4,418,529	(6,726)			4,411,803
Reclassification	[2]					(3,950)	(3,950)	3,950
Total transactions with owner		4,403,224				11,355	4,414,579	(2,776)			4,411,803
Acquiring interest in subsidiaries without change in control	[4]						(3,587,640)	(426,990)		(3,587,640)	(4,014,630)
Total changes in ownership interest in subsidiaries							(3,587,640)	(426,990)		(3,587,640)	(4,014,630)
Balance at Feb. 28, 2022		7,142,853	(2,709,236)	28,776		1,276,523	2,151,276	22,905		(3,587,640)	2,174,181
Profit for the year						597,153	597,153	11,653			608,806
Other comprehensive income				216,333			216,333	4,138			220,471
Total comprehensive income for the year				216,333		597,153	813,486	15,791			829,277
Dividends						(293,562)	(293,562)	(8,518)	[5]		(302,080)
Derivative – put option						(15,305)	(15,305)				(15,305)
Total transactions with owner						(308,867)	(308,867)	(8,518)			(317,385)
Disposal of interest in subsidiaries without change in control							5,072	730		5,072	5,802
Total changes in ownership interest in subsidiaries							5,072	730		5,072	5,802
Balance at Feb. 28, 2023		R 7,142,853	R (2,709,236)	R 245,109		R 1,564,809	R 2,660,967	R 30,908		R (3,582,568)	R 2,691,875
[1] Karooooo Ltd (“Karooooo”) acquired control of Cartrack Holdings Limited (“Cartrack”) on November 18, 2020 when the loan from Isaias Jose Calisto to Karooooo was extinguished through the issuance of shares. In November 2014, a change in interest in Cartrack from 88.3% to 68.0% was not accounted for retained earnings transfer to non-controlling interest (“NCI”). During the financial year ended February 28, 2021 and February 28, 2022, the Group corrected the error prospectively as the impact to comparatives is not material. On April 21, 2021, when Karooooo acquired the minority interest and took control of 100% interest in Cartrack, all NCI relating to the Karooooo minority interest was transferred back to capital reserve. Dividends declared during the financial year ended February 28, 2022 amounting to ZAR 4.20 per ordinary share and remains payable by a subsidiary to NCI as of February 28, 2022. 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. Dividends declared by a subsidiary during the financial year ended February 28, 2023 amounting to ZAR 5.32 per ordinary share remains payable by a subsidiary to NCI as of February 28, 2023.

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - ZAR (R) R in Thousands		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Cash flows from operating activities
Profit before taxation		R 894,104	R 682,083	R 696,048
Adjustments		591,190	583,734	448,804
Depreciation on property, plant and equipment		493,788	458,281	372,936
Amortization of capitalized commission assets		64,707	64,566	46,957
Amortization of intangible assets		51,143	39,078	25,856
Capitalized commission assets written off			15,301
Gain on disposal of property, plant and equipment		(4,954)	(1,150)	(1,191)
Finance income		(23,255)	(6,083)	(4,358)
Finance costs		10,095	12,331	9,302
Provision for warranties charge		(1,305)	904	(698)
Fair value changes to derivative assets		971	506
Working capital adjustments
Inventories		(53,790)	(25,369)
Trade and other receivables and prepayments		(62,833)	(52,053)	(78,625)
Trade and other payables		67,940	(11,677)	115,179
Deferred revenue		46,251	78,130	43,227
Capitalized commission assets		(112,738)	(112,639)	(95,999)
Cash generated from operating activities		1,370,124	1,142,209	1,128,634
Interest received		23,255	6,083	4,358
Interest paid		(10,095)	(14,061)	(7,254)
Income tax paid		(256,621)	(202,525)	(187,887)
Net cash generated from operating activities		1,126,663	931,706	937,851
Cash flows from investing activities
Purchase of property, plant and equipment		(579,656)	(552,634)	(478,036)
Purchase of property, plant and equipment – Telematics devices and equipment on hand		(457,542)	(500,203)	(445,377)
Purchase of property, plant and equipment – Other		(122,114)	(52,431)	(32,659)
Proceeds on disposal of property, plant and equipment		10,499	4,840	14,362
Investment in intangible assets		(46,653)	(43,816)	(45,630)
Acquisition of subsidiary, net of cash acquired			(66,607)
Advances of loans to related party		(6,400)		(8,400)
Repayment of loans from related party				13
Net cash utilized by investing activities		(622,210)	(658,217)	(517,691)
Cash flows from financing activities
Proceeds from related parties loans		315		857,367
Repayment of related parties loans		(1,940)	(845,003)	(1,512)
Cash transferred from/(to) restricted cash	[1]		834,543	(857,216)
Acquiring interest in subsidiaries without change in control			(66,386)	(11,559)
Net proceeds from issuance of share capital	[2]		450,727
Proceeds from term loans obtained		502	110,000
Repayment of term loans		(31,034)	(101,708)	(8,247)
Payments of lease liabilities		(56,617)	(47,201)	(46,751)
Dividends paid		(331,252)		(418,094)
Net cash (utilized by)/ generated from financing activities		(420,026)	334,972	(486,012)
Net increase/(decrease) in cash and cash equivalents		84,427	608,461	(65,852)
Cash and cash equivalents at the beginning of the year		718,026	76,098	146,591
Effect of exchange rate changes on cash and cash equivalents		163,297	33,467	(4,641)
Cash and cash equivalents at the end of the year		R 965,750	R 718,026	R 76,098
[1] On December 29, 2020, the Group received ZAR 882.4 million (USD 58.5 million) from a related party - Orient Victoria Pte Ltd for the sole purpose of facilitating the Company’s acquisition of the remaining interest in Cartrack Holdings Proprietary Limited. The loan was fully repaid on April 22, 2021. On April 21, 2021 Karooooo bought out all of the minority shareholders of Cartrack and delisted Cartrack from Johannesburg Stock Exchange (“JSE”). In terms of the reinvestment offer, investors who elected to remain invested in Cartrack received 1 Karooooo ordinary share for every 10 Cartrack ordinary shares owned on the JSE prior to the finalization of the reinvestment offer. Karooooo concluded an inward secondary listing on the JSE on April 21, 2021 and issued 9,410,712 ordinary shares of ZAR 3,952 million to eligible Cartrack shareholders who opted to reinvest the proceeds of sale of their Cartrack shares into Karooooo. Included in the net proceeds from issuance of share capital are transaction costs of ZAR 49.2 million. See Note 1 for details.

Presentation of Consolidated Fi

Presentation of Consolidated Financial Statements	12 Months Ended
	Feb. 28, 2023
Presentation of Consolidated Financial Statements [Abstract]
PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS	1. PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS Reporting entity Karooooo Ltd. (“Karooooo” or “the Company”) was incorporated on May 19, 2018 in the Republic of Singapore and wholly owned by Isaias Jose Calisto (“Zak”). Cartrack Holdings Proprietary Limited previously known as Cartrack Holdings Limited (“Cartrack”) was a public company listed on the Johannesburg stock exchange (“JSE”) in December 2014. Zak is the current CEO of Cartrack. Karooooo acquired an approximate 68 per cent interest in Cartrack effective July 17, 2019. Through a flow of funds arrangement, Karooooo’s acquisition of control of Cartrack was facilitated by Zak capitalizing Karooooo, which resulted in a loan from Zak that was repayable on demand in either cash or through the receipt of that number of Cartrack shares where the Cartrack share price is the equivalent of ZAR 13.44 per share, being the share price at which a mandatory public offer was made pursuant to the acquisition. Subsequent to the acquisition, Karooooo was the legal and beneficial owner of the Cartrack shares. As a consequence of the call option embedded within the loan, Karooooo did not acquire control as defined by IFRS 10 Consolidated Financial Statements On November 18, 2020, the loan from Zak was converted into Karooooo share capital and as a consequence, Karooooo acquired control of Cartrack. On this date, 20,331,894 shares were issued to Zak and Karooooo registered ZAR 2,739,619,000 paid-up capital which resulted in a common control reserve of ZAR 2,709,236,000 arising due to the common control transaction. Since the loan was eliminated as part of the common control transaction, it is not presented as a financial liability in the consolidated annual financial statements. The acquisition of control of Cartrack by Karooooo is considered to be a transaction under common control as ultimately both entities were controlled by Zak before and after the transaction. Therefore, the consolidated financial statements was retrospectively recast to reflect Karooooo’s controlling interest in Cartrack for all previous periods presented prior to the date of acquisition. For the period prior to the incorporation of Karooooo the consolidated financial statements reflect Zak’s controlling interest in Cartrack, which he held through another personal holding company with no other operations that does not form part of the consolidated Group. There is currently no specific guidance on accounting for common control transactions under International Financial Reporting Standards (IFRS) issued by the the International Accounting Standards Board (IASB). In the absence of specific guidance Karooooo elected to apply the “pooling of interests” method of accounting. Under “pooling of interests” the assets and liabilities of Cartrack are carried over at their book values with no adjustment made for the acquisition price and prior periods are restated as if the common control transaction had occurred at the beginning of the earliest period presented. Karooooo listed on the NASDAQ on April 1, 2021 and raised USD 33.8 million gross cash for general corporate purposes including the growth and expansion of Cartrack, such as research and development. Karooooo issued 1,207,500 shares at an offer price of USD 28 per share which is equivalent to the offer price made to Cartrack shareholders to participate in the reinvestment offer, enabling Karooooo to proceed with the IPO in order to meet the requirements to list on the NASDAQ. Total IPO costs incurred amounted to ZAR 85.1 million of which ZAR 25.6 million and ZAR 10.3 million were expensed in the financial year ended February 28, 2021 and February 28, 2022 respectively, and ZAR 49.2 million which is directly attributable to the issuance of shares were set off against share capital. As at February 28, 2021, certain Cartrack shareholders have agreed to participate in the reinvestment offer of Karooooo through the issue of irrevocable undertakings. As the reinvestment offer is based on exchanging a fixed number of Karooooo shares for a fixed number of Cartrack shares, this contract is classified as equity. Accordingly, Karooooo adopted the present-access method to account for the transaction where the non-controlling shareholders still have an economic interest in the equity returns of Cartrack and there was no net impact to equity. The reinvestment offer to Cartrack shareholders was finalized on April 16, 2021 with 99% of the eligible Cartrack shareholders opting to remain invested in Karooooo. These shareholders received 1 Karooooo share for every 10 Cartrack shares held. Karooooo, as listed on the NASDAQ and inward listed on the JSE on April 21, 2021, owns 100% of Cartrack. As at February 28, 2022, Zak is the ultimate controlling shareholder of the Group, holding 20,028,811 shares (65.0% shareholdings) of Karooooo. The principal activities of the Group relate to the provision of real-time mobility data analytics solutions for smart transportation through its software-as-a-service (“SaaS”) platform, physical and e-commerce vehicle buying and selling and providing a technology platform focused on last mile delivery. The Group’s SaaS platform acts as a central nervous system for connected vehicles and other mobile assets, such as construction equipment, generators, refrigeration units, trailers and boats. These consolidated financial statements comprise the Company and its subsidiaries (collectively the “Group” and individually “group companies”). Statement of compliance The consolidated financial statements of the Group have been prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The policies applied in these annual financial statements are based on IFRS effective for annual period beginning on March 1, 2022. The Group has prepared the financial statements on the basis that it will continue to operate as a going concern. The financial statements were approved for issue by the Directors on June 13, 2023. Basis of measurement The consolidated financial statements have been prepared on the historical cost basis with the exception of certain financial instruments that have been measured at fair value. Functional and presentation currency The consolidated financial statements are presented in South African Rand (ZAR), which is the Group’s presentation currency and all values are rounded to the nearest thousand (ZAR’000), except when otherwise indicated. The Company’s functional currency is in United States Dollars (USD).

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Feb. 28, 2023
Disclosure Of Significant Accounting Policies Text Block Abstract
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES 2.1 Significant accounting judgements, estimates and assumptions The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenue, expenses, assets and liabilities, and the disclosure of contingent liabilities at the end of the reporting period. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in the future periods. Judgements Management is of the opinion that there is no significant judgement made in applying accounting policies that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period. Estimates and assumptions The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Group. Such changes are reflected in the assumptions when they occur. i. Useful life estimates of capitalized telematics devices and capitalized commission assets The Group completes a detailed assessment annually on the expected life cycle of subscriber contracts across the Group. The continued growth in the subscriber base over the past few years has provided a more comprehensive database of information and more certainty to support the assessment of the average useful life of subscriber contracts. On the basis of the statistical assessment, there has been no change to the estimated average useful life of 60 months of a subscriber contract in the current financial year. Contracts which terminate prior to 60 months result in accelerated depreciation of the underlying capitalized telematic devices and capitalized commission assets being recognized immediately in profit or loss. ii. Goodwill The Group tests goodwill for impairment on an annual basis. The recoverable amounts of cash-generating units have been determined based on value-in-use calculations. These calculations are performed internally by the Group and require the use of various estimates and assumptions regarding discount rates and the future financial performance of the cash-generating units. The Group’s goodwill is subjected to impairment assessment for the financial year ended February 28, 2023. Management assesses goodwill impairment annually. For impairment assessment, management uses a discounted cash flow model which involves significant judgement in estimating the recoverable values of these assets. Any shortfall of the recoverable values against the carrying amounts of these assets will be recognized as impairment losses. The recoverable amount is most sensitive to the discount rate used for the discounted cash flow model as well as the expected future cash inflows and the growth rate used for extrapolation purposes. The carrying amounts of the Group’s goodwill and key assumptions applied in the determination of the value-in-use including a sensitivity analysis, are disclosed and further explained in Note 8 to the financial statements. 2.2 Accounting policies The accounting policies applied in the preparation of these consolidated financial statements are set out below. The Group consistently applied the following accounting policies to all periods presented in these consolidated financial statements, unless otherwise stated. a) Basis of consolidation The consolidated financial statements comprises the financial statement 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 acquire, that are present ownership interests and entitled their holders to a proportionate share of net assets of the acquire 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 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. 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. 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 expires. On derecognition, the difference between the carrying amounts and the consideration paid is recognized in profit or loss. 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. 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. 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. 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 h) Intangible assets Intangible assets acquired separately are measured initially at cost. Following initially 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 relationship Customer relationship 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. 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. 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

Standards Issued But Not Yet Ef

Standards Issued But Not Yet Effective	12 Months Ended
	Feb. 28, 2023
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, 2023. The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. Based on an initial assessment, the following new and amended standards are not expected to have a significant impact on the Group’s consolidated financial statements. Details of amendment Annual periods IFRS 17 Insurance Contracts and amendments to IFRS 17 Insurance Contracts January 1, 2023 Amendments to IAS 8: Definition of Accounting Estimates January 1, 2023 Amendments to IAS 12 Income Taxes: Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction January 1, 2023 Amendments to IAS 1 and IFRS Practice Statement 2: Disclosure of Accounting Policies January 1, 2023 Initial Application of IFRS 17 and IFRS 9 – Comparative information (Amendments to IFRS 17) January 1, 2023 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 IFRS 1: Non-current Liabilities with Covenants January 1, 2024 Amendments to IAS 28 and IFRS 10: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture To be determined

Segment Reporting

Segment Reporting	12 Months Ended
	Feb. 28, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	4. SEGMENT REPORTING Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (“CODM”). The CODM, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the Group Chief Executive Officer (“CEO”), who makes strategic decisions. Prior to the financial year ended February 28, 2022, the Group was organized into geographical business units and had four reportable segments by geography. There was only one reportable business segment, the Cartrack business segment. However, with the new business setup and new business acquired in the previous financial year, for management purposes, the Group organized its business units based on its products and services into the following reportable segments: - Cartrack is a provider of an on-the-ground operational Internet of Things (“IoT”) Software-as-a-service (“SaaS”) cloud that maximizes the value of transportation, operations and workflow data by providing insightful real-time data analytics to connected vehicles and equipment. - Carzuka is a physical and e-commerce vehicle buying and selling marketplace which allows customers to source, buy and sell vehicles efficiently and cost effectively. - Karooooo Logistics provides a software application enabling the management of last mile delivery and general operational logistics. This technology addresses the challenges of on-the-ground distribution for large enterprises requiring systems integrations, payment gateways, third-party long-haul services and crowd-sourced drivers in order to scale and meet their operational needs. The CODM monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which in certain respects, as explained in the table below, is measured differently from operating profit or loss in the consolidated financial statements. The segment information provided to the Group CEO, for the reportable segments for the financial year ended February 28, 2023 and February 28, 2022 as follows: Figures in Rand thousands Cartrack Carzuka Karooooo Logistics Total February 28, 2023 Subscription revenue 3,003,931 - 6,141 3,010,072 Other revenue 72,709 - - 72,709 Vehicle sales - 250,845 - 250,845 Delivery service - - 173,441 173,441 Segment revenue 3,076,640 250,845 179,582 3,507,067 Segment operating profit/ (loss) 914,981 (37,813 ) 4,747 881,915 Depreciation and amortization 541,238 2,133 1,560 544,931 Capital expenditure 605,716 12,074 8,519 626,309 February 28, 2022 Subscription revenue 2,565,745 – 2,420 2,568,165 Other revenue 71,055 – – 71,055 Vehicle sales – 67,310 – 67,310 Delivery service – – 39,621 39,621 Segment revenue 2,636,800 67,310 42,041 2,746,151 Segment operating profit/ (loss) 715,336 (13,302 ) (2,909 ) 699,125 Depreciation and amortization 497,161 97 101 497,359 Capital expenditure 594,171 1,916 363 596,450 For financial year ended February 28, 2021, the Group only has one business segment, the Cartrack business segment and hence, it is not separately presented in this note. Reconciliation of information on reportable segments to the amounts reported in consolidated financial statements Year ended February 28 Figures in Rand thousands 2023 2022 2021 Total segment operating profits 881,915 699,125 726,562 IPO costs - (10,288 ) (25,570 ) Finance income 23,255 6,083 4,358 Finance cost (10,095 ) (12,331 ) (9,302 ) Fair value changes to derivative assets (971 ) (506 ) – Consolidated profit before taxation 894,104 682,083 696,048 Information about geographical areas: As of February 28 Non-current operating assets 1 2023 2022 South Africa 1,417,103 1,295,683 Africa-Other 116,463 92,517 Europe 270,379 192,712 Asia-Pacific 2 380,436 314,421 2,184,381 1,895,333 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 140.0 million (2022: ZAR 113.0 million). Information about revenue from geographical areas are disclosed in Note 20. There are no customers which contribute in excess of 10% of Group revenue for the financial year ended February 28, 2023, February 28, 2022 and February 28, 2021.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Feb. 28, 2023
Disclosure Of Property Plant And Equipment Text Block Abstract
Property, plant and equipment	5. PROPERTY, PLANT AND EQUIPMENT Land and 3 Plant, IT Capitalized Capitalized Capitalized Construction Total 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 At February 28, 2022 Owned assets Cost 141,873 132,870 100,299 138,405 173,871 2,039,265 4,166 2,730,749 Accumulated depreciation (21,858 ) (101,426 ) (50,932 ) - - (1,268,141 ) - (1,442,357 ) Carrying value 120,015 31,444 49,367 138,405 173,871 771,124 4,166 1,288,392 Right-of-use assets Cost 112,516 43,435 20,586 – – – – 176,537 Accumulated depreciation (48,128 ) (10,927 ) (15,215 ) – – – – (74,270 ) Carrying value 64,388 32,508 5,371 – – – – 102,267 Total 184,403 63,952 54,738 138,405 173,871 771,124 4,166 1,390,659 Reconciliation of the carrying value of property, plant and equipment Land and 3 Plant, IT Capitalized Capitalized Capitalized Construction Total At February 28, 2023 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 Figures in Rand thousands Land and Plant, IT Capitalized Capitalized Capitalized Construction Total At February 28, 2022 Owned assets Beginning balance 17,742 20,151 25,270 104,475 116,422 761,433 - 1,045,493 Acquisition of subsidiary 110,000 45 261 - - - 4,166 114,472 Additions 3,152 5,940 43,339 212,940 56,857 2 230,406 - 552,634 Transfer - - - (179,010 ) (47,825 ) 226,835 - - Disposals (108 ) (27 ) (470 ) - - (2,391 ) - (2,996 ) Depreciation (4,992 ) (9,023 ) (14,798 ) - - (384,058 ) - (412,871 ) Reclassification (to)/ from right-of-use assets (5,816 ) 14,620 (4,649 ) - - - - 4,155 Reclassification 1 - - - - 50,355 (50,355 ) - - Translation adjustments 37 (262 ) 414 - (1,938 ) (10,746 ) - (12,495 ) Ending balance 120,015 31,444 49,367 138,405 173,871 771,124 4,166 1,288,392 Right-of-use assets Beginning balance 52,633 33,993 5,073 - - - - 91,699 Additions 38,859 25,183 132 - - - - 64,174 Transfer (3,798 ) 3,629 169 - - - - - Disposals (146 ) (528 ) (20 ) - - - - (694 ) Depreciation (26,948 ) (14,123 ) (4,339 ) - - - - (45,410 ) Reclassification from/(to) owned assets 5,816 (14,620 ) 4,649 - - - - (4,155 ) Translation adjustments (2,028 ) (1,026 ) (293 ) - - - - (3,347 ) Ending balance 64,388 32,508 5,371 - - - - 102,267 Total 184,403 63,952 54,738 138,405 173,871 771,124 4,166 1,390,659 1 During the financial year ended February 28, 2022, the Group has reclassified capitalized telematics devices - installed to capitalized telematics devices - uninstalled of ZAR 50.4 million to better reflect the underlying nature of these assets. The reclassification was corrected prospectively as the impact to the prior period is not material. 2 Amount is net of the provision for unconverted motor dealership units amounting to ZAR 13.3 million. 3 Certain freehold land and building of the Group with a carrying amount of 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 28, 2023 was ZAR 186.5 million. The amount of borrowing costs capitalized during the year ended February 28, 2023 was ZAR 4.6 million. The rate used to determine the amount of borrowing costs eligible for capitalization was prime rate plus 1.15%, which is the effective interest rate (“EIR”) of the specific borrowings.

Capitalized Commission Assets

Capitalized Commission Assets	12 Months Ended
	Feb. 28, 2023
Capitalized Commission Assets Abstract
CAPITALIZED COMMISSION ASSETS	6. CAPITALIZED COMMISSION ASSETS As of February 28 Figures in Rand thousands 2023 2022 Cost 537,367 413,240 Accumulated amortization (250,313 ) (181,703 ) Carrying value 287,054 231,537 Reconciliation of the carrying value of capitalized sales commissions As of February 28 Figures in Rand thousands 2023 2022 At March 1 231,537 201,075 Additions 112,738 112,639 Amortization (64,707 ) (64,566 ) Write off – (15,301 ) Translation adjustments 7,486 (2,310 ) At February 28 287,054 231,537 The Group capitalizes sales commission costs arising from activated subscription contracts. During the financial year ended February 28, 2022, the Group uncovered collusion between a few insurance brokers and certain staff members. This resulted in write-off of capitalized commission assets, of ZAR 15.3 million through profit or loss. The write-off was recognized in general and administration operating expenses for the year ended February 28, 2022. The error was corrected prospectively as the impact to the prior periods is not material. No instances were noted for the financial year ended February 28, 2023.

Intangible Assets

Intangible Assets	12 Months Ended
	Feb. 28, 2023
Disclosure Of Intangible Assets Text Block Abstract
INTANGIBLE ASSETS	7. INTANGIBLE ASSETS Figures in Rand thousands Product Computer Trade name Customer Total 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 At February 28, 2022 Cost 123,036 24,680 782 6,385 154,883 Accumulated amortization (63,299 ) (13,359 ) (130 ) (1,064 ) (77,852 ) Carrying value 59,737 11,321 652 5,321 77,031 Staff costs of ZAR 38.8 million (2022: ZAR 40.8 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 Computer Trade name Customer Total 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 At February 28, 2022 Beginning balance 53,644 5,695 – – 59,339 Acquisition of subsidiary 28 – 6,218 782 6,385 13,385 Additions 40,787 3,029 – – 43,816 Amortization (34,288 ) (3,596 ) (130 ) (1,064 ) (39,078 ) Translation adjustments (406 ) (25 ) – – (431 ) Ending balance 59,737 11,321 652 5,321 77,031

Goodwill

Goodwill	12 Months Ended
	Feb. 28, 2023
Goodwill [Abstract]
GOODWILL	8. GOODWILL Goodwill is allocated to the following cash generating units (CGUs): Cartrack - Mozambique, Portugal, Spain and Other and Karooooo Logistics. Cartrack Karooooo Figures in Rand thousands Note Mozambique Portugal Spain Other Logistics Total At March 1, 2021 57,232 32,192 22,818 11,910 – 124,152 Acquisition of subsidiary 28 – – – – 58,314 58,314 Translation adjustments 7,849 (2,028 ) (1,437 ) (466 ) – 3,918 At February 28, 2022 65,081 30,164 21,381 11,444 58,314 186,384 Translation adjustments 17,196 4,305 3,051 1,545 – 26,097 At February 28, 2023 82,277 34,469 24,432 12,989 58,314 212,481 Impairment testing The Group performs its annual impairment test at the end of each financial year, or more frequently if there are indications that goodwill may be impaired. No impairment was identified in the current financial year which is consistent with the conclusions reached in 2022. The Group considers the relationship between its market capitalization and its equity attributable to equity holders of the parent, among other factors, when performing the annual test of impairment. At February 28, 2023, the market capitalization of the Group exceeded the value of equity by ZAR 11.8 billion (2022: ZAR 12.6 billion). The recoverable amount of each cash-generating unit (CGU) with the exception of the Other CGUs is determined using a discounted cash flow valuation technique, which requires the use of various estimates. Each of the cash flow projections are based on forecasts over a five-year period, which have been approved by senior management. The Other CGUs are valued on an earnings multiple basis. For the financial year ended February 28, 2022, the Group was of the view that the total consideration paid was representative of Karooooo Logistics fair value less costs of disposal as the acquisition of Karooooo Logistics was completed in September 2021. There were no significant events since the date of acquisition to the financial year ended February 28, 2022 that would have resulted in a significant reduction of its fair value. Accordingly, the recoverable amount approximates the carrying amount as of February 28, 2022 and goodwill arising from the acquisition of Karooooo Logistics was not impaired. The key estimates used for the value in use calculations and sensitivity to changes in assumptions are as follows: As of February 28 Key estimates CGU 2023 2022 Revenue growth rate This is the average annual compound growth rate in revenue that is derived from management’s forecast and is based on external available information, such as GDP and industry growth rate within the region. Mozambique 16 % 17 % Portugal 15 % 10 % Spain 19 % 16 % Karooooo Logistics 51 % - The growth rate applied for revenue is considered to be the main driver of profitability and hence free cash flow. CGUs are at different maturity levels in their business cycles and hence will reflect considerably different growth rates. The various geographical markets the CGUs operate within also have differences in their economies which have been taken into consideration. The growth rate determined by management is based on historical data from both external and internal sources and is consistent with reported global telematics growth forecasts for the medium to long term and with the assumptions that a market participant would make. Terminal growth rate The estimated rate of growth after the five-year forecast period. This rate is informed primarily by external forecasts about economic activity by region. Changes in these rates are reflective of changes in market views on the economic growth in those regions. Mozambique 8 % 8 % Portugal 2 % 1 % Spain 2 % 1 % Karooooo Logistics 5 % - Discount rate The rate reflects the specific risks relating to the country and industry in which the entity operates. These rates were determined using externally available information. The rates were determined using the Capital Asset pricing model and adjusting for risk. The rate is a pre-tax rate. Mozambique 31 % 30 % Portugal 19 % 16 % Spain 19 % 17 % Karooooo Logistics 38 % - Sensitivity analysis The Group has applied a 50 basis point (2022: 50 basis point) increase and decrease to the revenue growth rates, terminal growth rates and discount rates used in the impairment testing. For Spain, Portugal and Karooooo Logistics, it does not result in impairment. However, for Mozambique, an increase of the discount rate, decrease of revenue growth rate or decrease in terminal growth rate by 50 basis point would result in an immaterial impairment.

Deferred tax

Deferred tax	12 Months Ended
	Feb. 28, 2023
Disclosure Of Deferred Taxes Text Block Abstract
DEFERRED TAX	9. DEFERRED TAX As of February 28 Figures in Rand thousands Note 2023 2022 Deferred tax liabilities (51,894 ) (47,063 ) Deferred revenue 59,402 58,137 Property, plant and equipment and capitalized commission assets (144,007 ) (144,782 ) Lease obligations 4,812 4,690 ECL provision on trade receivables 17,238 21,887 Other 10,661 13,005 Deferred tax assets 60,919 58,383 Deferred revenue 4,856 540 Property, plant and equipment and capitalized commission assets 25,233 27,059 Tax losses 8,795 19,710 Lease obligations 2,903 1,303 ECL provision on trade receivables 8,890 3,953 Other 10,242 5,818 Total net deferred tax assets 9,025 11,320 Reconciliation of deferred tax assets/(liabilities) At March 1 11,320 5,022 Acquisition of subsidiaries - (13,386 ) Increase in deferred revenue temporary differences 5,417 13,912 Decrease in property, plant and equipment and capitalized commission assets temporary differences (469 ) (23,479 ) (Decrease)/increase in tax losses temporary differences (13,076 ) 8,887 Increase/(decrease) in lease obligation temporary differences 1,659 (6,365 ) (Decrease)/increase in ECL provision on trade receivables temporary differences (430 ) 13,855 Increase in other temporary differences 1,504 12,954 Translation adjustments 3,100 (80 ) At February 28 9,025 11,320 Reconciliation of deferred tax balances At March 1 11,320 5,022 Acquisition of subsidiaries – (13,386 ) (Charge)/credit to income statement 24 (17,229 ) 19,764 Others 14,570 - Translation adjustments 364 (80 ) At February 28 9,025 11,320 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 116.2 million (2022: ZAR 6.2 million). Detailed budgets and forecasts have been prepared by management which support the recoverability of these tax losses. 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 1,194.7 million (2022: ZAR 1,484.7 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.

Inventories

Inventories	12 Months Ended
	Feb. 28, 2023
Disclosure Of Inventories [Abstract]
INVENTORIES	10. INVENTORIES As of February 28 Figures in Rand thousands 2023 2022 Vehicles 75,843 25,369 Other consumables 3,316 - Total inventories 79,159 25,369 Inventories recognized as an expense in cost of sales 218,847 59,213

Trade and Other Receivables and

Trade and Other Receivables and Prepayments	12 Months Ended
	Feb. 28, 2023
Trade and Other Receivables and Prepayments [Abstract]
TRADE AND OTHER RECEIVABLES AND PREPAYMENTS	11. TRADE AND OTHER RECEIVABLES AND PREPAYMENTS As of February 28 Figures in Rand thousands 2023 2022 Amounts due from related parties - 2,515 Trade receivables 485,740 448,212 Expected credit loss provision (149,541 ) (161,683 ) 336,199 289,044 Other receivables Deposits 11,811 6,386 Sundry debtors 24,739 9,131 Finance lease receivables 21,403 - Subtotal 394,152 304,561 Prepayments 32,387 28,964 Other taxes 7,367 10,083 Total trade and other receivables and prepayments 433,906 343,608 Non-current 24,715 9,722 Current 409,191 333,886 433,906 343,608 Amounts due from related parties are unsecured, interest-free and repayable on demand. The Group recognizes a loss allowance for expected credit losses on financial assets that are measured at amortized cost. The determination of the expected credit loss provision is calculated on a basis specific to each customer grouping and jurisdiction in which the Group operates and requires the use of estimates. Additional information regarding credit risk applicable to trade receivables is disclosed in Note 31.2 (a). The Group has recognized a loss allowance of 100% (2022: 100%) against aged receivables, and debts are considered aged and not recoverable when they typically reach 360 or 450 days, depending on respective entities’ historical experiences. With customers being afforded payment holidays and extended payment terms, the ageing profile of trade receivables has extended which in turn has resulted in the expected credit loss provision being increased. The method in providing for expected credit losses is consistent with prior years. The average credit period extended to customers is 30 days (2022: 30 days). No interest is charged on outstanding trade receivables. Credit quality of trade and other receivables Information on credit quality of trade and other receivables is on Note 31.2 (a). Reconciliation of the expected credit loss provision recognized with regard to trade and other receivables As of February 28 Figures in Rand thousands 2023 2022 At March 1 (161,683 ) (101,066 ) Allowance for expected credit losses, net (87,541 ) (88,482 ) Amounts utilized 105,921 26,896 Translation adjustments (6,238 ) 969 At February 28 (149,541 ) (161,683 ) During the year ended February 28, 2023, the Group entered into a finance leasing arrangement as a lessor for a property 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 Figures in Rand thousands 2023 Maturities analysis – within one year 4,078 – within two to four years 14,525 – over four years 2,800 Present value of lease payments 21,403 Non-current asset 17,325 Current asset 4,078 21,403

Loans to_(From) Related Parties

Loans to/(From) Related Parties	12 Months Ended
	Feb. 28, 2023
Loans to/(From) Related Parties [Abstract]
LOANS TO/(FROM) RELATED PARTIES	12. LOANS TO/(FROM) RELATED PARTIES As of February 28 Figures in Rand thousands 2023 2022 Non-current assets Loans to related party 25,800 19,400 Current liabilities Loans from related parties (607 ) (2,134 ) 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.

Cash and Cash Equivalents and B

Cash and Cash Equivalents and Bank Overdraft	12 Months Ended
	Feb. 28, 2023
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 28 Figures in Rand thousands 2023 2022 Cash on hand 398 2,175 Bank balances 318,630 717,935 Short-term deposits 646,762 11,638 Cash and cash equivalents in the consolidated statement of financial position 965,790 731,748 Bank overdrafts (40 ) (13,722 ) Cash and cash equivalents in the consolidated statement of cash flows 965,750 718,026 Current assets 965,790 731,748 Current liabilities (40 ) (13,722 ) 965,750 718,026 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.

Other Financial Assets

Other Financial Assets	12 Months Ended
	Feb. 28, 2023
Other Financial Assets [Abstract]
OTHER FINANCIAL ASSETS	14. OTHER FINANCIAL ASSETS As of February 28 Figures in Rand thousands 2023 2022 Non-current assets Derivative – call option 1 388 1,359 Current assets Derivative – put option 2 - 15,305 388 16,664 1 Relates to the acquisition of Picup. See Note 28 for details. 2 Relates to the put option agreement entered with ultimate controlling shareholder to grant the Group the right to sell all its interest in Picup. The put option expired on August 31, 2022. As this is a transaction with owner, the fair value and subsequent changes fair value of the put option is recognized directly against retained earnings.

Share Capital

Share Capital	12 Months Ended
	Feb. 28, 2023
Disclosure Of Classes Of Share Capital Text Block Abstract
SHARE CAPITAL	15. SHARE CAPITAL As of February 28 Figures in Rand thousands 2023 2022 Issued and fully paid 30,951,106 (2022: 30,951,106) ordinary shares of no par value 7,142,853 7,142,853 As discussed in Note 1, Karooooo acquired control of Cartrack when the loan from Zak to Karooooo was extinguished through the issuance of shares. The acquisition of control of Cartrack has been accounted for as a transaction under common control. The Company’s authorized and issued number of ordinary shares increased on November 18, 2020 to 20,332,894 shares as of February 28, 2021. Karooooo listed on NASDAQ in April 2021 with 20,332,894 shares and issued additional 1,207,500 shares to public shareholders. On April 21, 2021, Karooooo bought out all of the minority shareholders of Cartrack and delisted Cartrack from the JSE. In terms of the reinvestment offer, investors who elected to remain invested in Cartrack received 1 Karooooo ordinary share for every 10 Cartrack ordinary shares owned on the JSE prior to the finalization of reinvestment offer. Karooooo concluded an inward secondary listing on the JSE on April 21, 2021 and issued another 9,410,712 ordinary shares to eligible Cartrack shareholders. The Company’s authorized and issued number of ordinary shares increased from 20,332,894 to 30,951,106 as at February 28, 2022. The holder of ordinary shares is entitled to receive dividends as declared from time to time, and is entitled to one vote per share at meetings of the Company.

Term Loans

Term Loans	12 Months Ended
	Feb. 28, 2023
Disclosure Of Term Loans [Abstract]
TERM LOANS	16. TERM LOANS As of February 28 Figures in Rand thousands Notes Currency Interest rate Maturity 2023 2022 Non-current liabilities Interest-bearing loans 1 ZAR JIBAR + 2.05% February 2024 - 20,003 Interest-bearing loans ZAR 7.25% February 2025 504 - Interest-bearing loans EUR EURIBOR + 3% December 2023 243 5,024 Mortgaged bonds 28 ZAR Prime rate + 1.15% December 2025 37,557 46,167 38,304 71,194 Current liabilities Interest-bearing loans EUR EURIBOR + 3% December 2023 5,497 5,235 Mortgaged bonds 28 ZAR Prime rate +1.15% December 2025 16,146 12,921 21,643 18,156 Total term loans 59,947 89,350 1 The ZAR interest-bearing loans were fully repaid on December 8, 2022. As at February 28, 2023 and February 28, 2022, the Group met the loan covenants. Reconciliation of movement of liabilities to cash flows arising from financing activities Figures in Rand thousands Loans Other Lease Total 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 Balance at March 1, 2021 891,977 15,930 98,684 1,006,591 Changes from financing cash flows (845,003 ) 8,292 (47,201 ) (883,912 ) Proceeds from borrowings – 110,000 – 110,000 Repayment of related parties loans (845,003 ) – – (845,003 ) Repayment of term loans – (101,708 ) – (101,708 ) Payment of lease liabilities – – (47,201 ) (47,201 ) Acquisition of a subsidiary – 66,047 – 66,047 The effect of changes in foreign exchange rates (43,110 ) (919 ) (2,609 ) (46,638 ) Other changes (1,730 ) – 63,204 61,474 Interest paid (1,730 ) (4,317 ) (6,249 ) (12,296 ) New leases – – 63,204 63,204 Interest expense – 4,317 6,249 10,566 Balance at February 28, 2022 2,134 89,350 112,078 203,562

Lease Liabilities

Lease Liabilities	12 Months Ended
	Feb. 28, 2023
Lease Liabilities [Abstarct]
LEASE LIABILITIES	17. LEASE LIABILITIES As of February 28 Figures in Rand thousands 2023 2022 Maturities analysis – within one year 52,843 47,294 – within two to four years 57,930 56,868 – over four years 9,954 7,916 Present value of lease payments 120,727 112,078 Non-current liabilities 67,882 64,784 Current liabilities 52,845 47,294 120,727 112,078 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 64.8 million (2022: ZAR 53.5 million, 2021: ZAR 52.3 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 28, 2023, the Group recognized lease payments of ZAR 6.2 million (2022: ZAR 8.2 million, 2021: ZAR 11.2 million) associated with these short-term leases as an expense on a straight-line basis over the lease term.

Deferred Revenue

Deferred Revenue	12 Months Ended
	Feb. 28, 2023
Disclosure Of Deferred Income Text Block Abstract
DEFERRED REVENUE	18. DEFERRED REVENUE As of February 28 Figures in Rand thousands 2023 2022 Beginning balance 326,404 246,765 Acquisition of subsidiary – 2,678 Amounts deferred in current financial year 353,719 355,873 Amounts released to revenue in the current financial year (304,541 ) (277,939 ) Translation adjustments 20,285 (973 ) Ending balance 395,867 326,404 Non-current liabilities 112,185 108,256 Current liabilities 283,682 218,148 395,867 326,404 Majority of subscription revenues are billed monthly in advance and then recognized in revenue as the service is provided. In most situations, ownership of all telematics devices remain with the Group. For customers who have paid for the hardware fees and service upfront, revenue is deferred and recognized over 60 months and the expected term of the customer relationship respectively. 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 28 Figures in Rand thousands 2023 2022 Maturities analysis – within one year 283,682 218,148 – within two to four years 107,558 103,026 – over four years 4,627 5,230 Present value of amounts received in advance 395,867 326,404

Trade and Other Payables

Trade and Other Payables	12 Months Ended
	Feb. 28, 2023
Trade and Other Payables [Abstract]
TRADE AND OTHER PAYABLES	19. TRADE AND OTHER PAYABLES As of February 28 Figures in Rand thousands 2023 2022 Trade payables Amounts due to related parties 13,081 8,963 Trade payables 137,400 90,387 Accrued expenses 121,784 115,198 272,265 214,548 Other payables Sundry creditors 22,918 14,754 Other taxes 44,566 30,896 Dividend payable to NCI 34,298 21,668 374,047 281,866 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.

Revenue

Revenue	12 Months Ended
	Feb. 28, 2023
Revenue [Abstract]
REVENUE	20. REVENUE The Group generates revenue by offering a full-stack smart mobility technology SaaS platform for connected vehicles and other assets, vehicles sales and delivery services. 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 28 Figures in Rand thousands 2023 2022 2021 Revenue from contracts with customers Subscription revenue - Cartrack 3,003,931 2,565,745 2,209,017 Subscription revenue - Karooooo Logistics 6,141 2,420 – Other revenue - Cartrack Hardware sales 29,685 37,435 45,280 Installation revenue 29,278 21,321 20,511 Miscellaneous contract fees 13,746 12,299 15,735 Vehicle sales 250,845 67,310 – Delivery service fees 173,441 39,621 – Total revenue 3,507,067 2,746,151 2,290,543 Primary geographical markets South Africa 2,730,401 2,123,153 1,681,928 Africa-Other 131,077 101,019 105,895 Europe 257,078 229,671 219,866 Asia-Pacific*, Middle East and USA 388,511 292,308 282,854 3,507,067 2,746,151 2,290,543 Timing of revenue recognition Products and services transferred at a point in time 323,554 177,986 81,526 Services transferred over time 3,183,513 2,568,165 2,209,017 Total revenue 3,507,067 2,746,151 2,290,543 * Included in Asia-Pacific is revenue from Singapore amounted to ZAR 105.6 million (2022: ZAR 96.1 million, 2021: ZAR 98.6 million).

Operating Profit

Operating Profit	12 Months Ended
	Feb. 28, 2023
Operating Profit [Abstract]
OPERATING PROFIT	21. OPERATING PROFIT Year ended February 28 Figures in Rand thousands Notes 2023 2022 2021 Operating profit is stated after accounting for the following charges: Depreciation of property, plant and equipment 5 493,788 458,281 372,936 Amortization of capitalized commission assets 6 64,707 64,566 46,957 Amortization of intangible assets 7 51,143 39,078 25,856 Employee benefits expense 1 865,831 720,606 396,369 Defined contribution plan 44,681 26,534 21,742 1 After offsetting government grant received ZAR nil

Finance Income

Finance Income	12 Months Ended
	Feb. 28, 2023
Finance Income [Abstract]
FINANCE INCOME	22. FINANCE INCOME Year ended February 28 Figures in Rand thousands 2023 2022 2021 Interest income from bank balances 23,255 6,083 4,358

Finance Costs

Finance Costs	12 Months Ended
	Feb. 28, 2023
Disclosure Of Finance Cost Text Block Abstract
FINANCE COSTS	23. FINANCE COSTS Year ended February 28 Figures in Rand thousands 2023 2022 2021 Lease liabilities 8,199 6,249 5,588 Term loans 797 4,317 2,711 Overdraft 291 794 870 Others 808 971 133 10,095 12,331 9,302

Taxation

Taxation	12 Months Ended
	Feb. 28, 2023
Taxation [Abstract]
TAXATION	24. TAXATION Year ended February 28 Figures in Rand thousands Note 2023 2022 2021 Major components of the tax expense: Current tax Current year 250,606 208,141 160,751 Prior year (4,671 ) 8,573 5,725 Other – Securities Transfer tax – – 200 245,935 216,714 166,676 Deferred tax Current year 15,972 (16,370 ) 36,184 Prior year 1,257 (3,394 ) (19,188 ) 9 17,229 (19,764 ) 16,996 Withholding tax 22,134 8,526 14,956 Total tax expense 285,298 205,476 198,628 Reconciliation between accounting profit and tax expense: Profit before taxation 894,104 682,083 696,048 Tax at the applicable tax rate of 17% 1 1 1 151,998 115,954 118,328 Effect of different tax rates in foreign jurisdictions 91,841 66,257 71,122 Taxation effect of adjustments on taxable income: Utilization of previously unrecognized tax losses (2,239 ) (982 ) (1,332 ) Tax incentive (5,975 ) (2,709 ) (5,827 ) Income not subject to tax (4,184 ) (270 ) (219 ) Non-deductible expenses 20,789 12,556 12,072 Recognition of previously unrecognized tax losses (1,794 ) (2,060 ) – Current year losses for which no deferred tax asset is recognized 14,085 1,040 2,791 Withholding tax 22,134 8,526 14,956 Securities transfer tax – – 200 Prior year tax under/(over) provision (3,414 ) 5,179 (13,463 ) Tax effect of deferred tax on decrease in tax rate (594 ) – – Others 2,651 1,985 – Total tax expense 285,298 205,476 198,628 1 This is the corporate tax rate in Singapore.

Taxation Paid

Taxation Paid	12 Months Ended
	Feb. 28, 2023
Taxation Paid Abstract
TAXATION PAID	25. TAXATION PAID Year ended February 28 Figures in Rand thousands 2023 2022 2021 Balance payable at beginning of the year (32,100 ) (10,203 ) (16,458 ) Acquisition of subsidiary – 477 – Current tax for the year recognized in profit or loss (268,069 ) (225,240 ) (181,632 ) Translation adjustments (3,821 ) 341 – Balance payable at end of the year 47,369 32,100 10,203 (256,621 ) (202,525 ) (187,887 )

Dividends Paid

Dividends Paid	12 Months Ended
	Feb. 28, 2023
Dividends Paid [Abstract]
DIVIDENDS PAID	26. DIVIDEND PAID During the financial year ended February 28, 2022, no dividends were paid. Year ended February 28 Figures in Rand thousands 2023 2022 2021 Dividend paid by the Company to owner of the Company (331,252 ) – (272,235 ) Dividend paid by subsidiaries to NCI – – (145,859 ) Total dividend paid (331,252 ) – (418,094 ) Dividend per share Dividend paid by the Company to owner of the Company Year ended February 28 2023 2021 Figures in Rand thousands Per share (ZAR) Amount Per share (ZAR) Amount Interim dividend 10.70 331,252 104,385.00 104,385 Final dividend – – 8.26 167,850 331,252 272,235 Dividend paid by subsidiaries to NCI Year ended February 28 Figures in Rand thousands 2023 2021 Subsidiary Per share (ZAR) Amount Per share (ZAR) Amount Cartrack Holdings Proprietary Limited – – 0.54 51,536 Cartrack Holdings Proprietary Limited – – 0.87 83,030 Cartrack Limitada – – 5.68 9,090 Found Proprietary Limited – – 20,000.00 1,020 Cartrack Polska.Sp.zo.o – – 119,019.27 1,183 – 145,859

Interest in Subsidiaries

Interest in Subsidiaries	12 Months Ended
	Feb. 28, 2023
Disclosure Of Interests In Subsidiaries Text Block 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 2023 % holding 2022 Cartrack Holdings Proprietary Limited 4 Karooooo Ltd South Africa 100.0 100.0 Carzuka.com Pte Ltd 1 Karooooo Ltd Singapore 100.0 100.0 Karooooo Management Company Pte. Ltd. Karooooo Ltd Singapore 100.0 100.0 Karooooo Software Pte. Ltd. Karooooo Ltd Singapore 100.0 100.0 Karooooo Proprietary Ltd Karooooo Ltd South Africa 100.0 100.0 Karooooo Cartrack Limited 11 Karooooo Ltd Uganda 100.0 - Cartrack (Cambodia) Co. Ltd Karooooo Management Company Pte. Ltd. Cambodia 100.0 - Carzuka Pte Ltd 1 Carzuka.com Pte. Ltd. Singapore 100.0 100.0 Karooooo Technologies Proprietary Limited 2 Karooooo Proprietary Ltd South Africa 100.0 100.0 Cartrack Management Services Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Manufacturing Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Insurance Agency Proprietary Limited 3 Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Namibia Proprietary Limited Cartrack Holdings Proprietary Limited Namibia 100.0 100.0 Cartrack Technologies Pte. Limited Cartrack Holdings Proprietary Limited Singapore 100.0 100.0 Carzuka Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Purple rain Properties No.444 Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Karooooo Logistics (Pty) Ltd 6 Cartrack Holdings Proprietary Limited South Africa 70.1 70.1 Cartrack Telematics Proprietary Limited 10 Cartrack Proprietary Limited South Africa 49.0 49.0 CTK Shell 1 (Pty) Ltd 1,7 Cartrack Proprietary Limited South Africa 100.0 100.0 Karu Holdings Proprietary Limited Cartrack Proprietary Limited South Africa 100.0 100.0 Combined Telematics Services Proprietary Limited 1, 10 Cartrack Proprietary Limited South Africa 49.0 49.0 CTK Shell 2 (Pty) Ltd 1,8 Cartrack Proprietary Limited South Africa 100.0 100.0 Cartrack Tanzania Limited Cartrack Technologies Pte. Limited Tanzania 100.0 100.0 Karooooo Kenya Limited 5 Cartrack Technologies Pte. Limited Kenya 70.0 100.0 Cartrack Engineering Technologies Limited Cartrack Technologies Pte. Limited Nigeria 100.0 100.0 PT. Cartrack Technologies Indonesia Cartrack Technologies Pte. Limited Indonesia 100.0 100.0 Company Name Held by Country of incorporation % holding 2023 % holding 2022 Cartrack Investments UK Limited 1 Cartrack Technologies Pte. Limited United Kingdom 100.0 100.0 Cartrack Technologies (China) Limited Cartrack Technologies Pte. Limited Hong Kong 100.0 100.0 Cartrack Malaysia SDN.BHD Cartrack Technologies Pte. Limited Malaysia 100.0 100.0 Cartrack Technologies LLC Cartrack Technologies Pte. Limited U.A.E 100.0 100.0 Cartrack Technologies PHL.INC. Cartrack Technologies Pte. Limited Philippines 100.0 100.0 Cartrack Technologies South East Asia Pte. Limited Cartrack Technologies Pte. Limited Singapore 100.0 100.0 Cartrack Ireland Limited Cartrack Technologies Pte. Limited Republic of Ireland 100.0 100.0 Cartrack Technologies (Thailand) Company Limited Cartrack Technologies Pte. Limited Thailand 100.0 100.0 Cartrack New Zealand Limited Cartrack Technologies Pte. Limited New Zealand 51.0 51.0 Cartrack (Australia) Proprietary Limited Cartrack Technologies Pte. Limited Australia 100.0 100.0 Cartrack Technologies Zambia Limited 1 Cartrack Technologies Pte. Limited Zambia 100.0 100.0 Cartrack (Mauritius) Ltd 1 Cartrack Technologies Pte. Limited Mauritius 100.0 100.0 Cartrack Vietnam Limited Liability Company 1 Cartrack Technologies Pte. Limited Vietnam 100.0 100.0 Cartrack INC. Cartrack Ireland Limited U.S.A 100.0 100.0 Cartrack Polska.Sp.zo.o Cartrack Ireland Limited Poland 90.9 90.9 Cartrack Portugal S.A. Cartrack Ireland Limited Portugal 100.0 100.0 Cartrack Espana. S.L.U. Cartrack Ireland Limited Spain 100.0 100.0 Karu.Com. Unipessoal. Lda Cartrack Portugal S.A. Portugal 100.0 100.0 Cartrack France SAS 9 Cartrack Portugal S.A. France - 100.0 Cartrack Limitada 10 Cartrack Technologies LLC Mozambique 50.0 50.0 Auto Club LDA Cartrack Technologies LLC Mozambique 80.0 80.0 Cartrack for Information Technology Company 1 Cartrack Technologies LLC Kingdom of Saudi Arabia 51.0 - 1 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 Liquidated on May 19, 2022 10 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. 11 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. Loans provided to subsidiary companies which require financial support have been subordinated in favour of third- party creditors of the underlying companies. On September 1, 2021, Cartrack Holdings (Pty) Ltd acquired 70.1% of the shares and voting interests in Picup Technologies Proprietary Limited for a consideration of ZAR 70.1 million (see Note 28). On September 24, 2021, Cartrack Technologies Pte. Limited acquired 49% of the shares and voting interest in Cartrack Technologies PHL. INC., for a cash consideration of PHP 9.2 million. As a result, the equity interest in Cartrack Technologies PHL. INC. increased from 51% to 100%. On February 28, 2022, Cartrack acquired 100% of the shares and voting interests in Purple Rain Properties No. 444 Proprietary Limited for a consideration of ZAR 100 (see Note 28). 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.

Acquisition of Subsidiary

Acquisition of Subsidiary	12 Months Ended
	Feb. 28, 2023
Disclosure of Subsidiaries Text Block [Abstract]
ACQUISITION OF SUBSIDIARY	28. ACQUISITION OF SUBSIDIARY (i) Karooooo Logistics (Pty) Ltd (formerly known as Picup Technologies Proprietary Limited) On September 1, 2021, the Group acquired 70.1% of the shares and voting interests in Picup, for a consideration of ZAR 70.1 million, recognizing a goodwill of ZAR 58.3 million. The principal activity of Picup is that of providing a technology platform focused on last mile delivery. From the date of acquisition to February 28, 2022, Picup contributed revenue of ZAR 42.0 million and net loss of ZAR 2.1 million to the Group’s results. If the acquisition had occurred on March 1, 2021, management estimates the contribution to the Group’s revenue and net loss would have been ZAR 68.9 million and ZAR 10.6 million respectively. The fair values of identifiable net assets and the cash outflows on the acquisition were as follows: Figures in Rand thousands Notes As of Intangible assets 1 7 13,385 Other non-current assets 5,055 Cash and cash equivalents 2,140 Other current assets (excluding cash and cash equivalents) 11,090 Non-current liabilities (13,478 ) Current liabilities (3,967 ) Net identifiable assets acquired 14,225 Add: Goodwill 8 58,314 Add: Other financial asset 2 1,865 Less: NCI based on proportionate interest (4,253 ) Cash consideration transferred for the business 70,151 Less: cash and cash equivalents acquired (2,140 ) Net outflow of cash 68,011 Goodwill arising on the acquisitions is attributable to the synergies expected to arise from their integration with the Group, the skilled workforce acquired and the distribution networks. The primary reason for these acquisitions is to enhance capability and broaden product offering to customers. The fair value and gross contractual amount of trade and other receivables is ZAR 11.0 million. 1 The intangible assets comprised of computer software, trade name and customer relationships estimated at ZAR 13.4 million. The computer software was valued based on replacement cost following review of the useful life. In measuring the fair value of the trade name and customer-related intangibles, relief-from-royalty method and multi-period excess earnings method were used. The relief-from-royalty method considers the discounted estimated royalty payments that are expected to be avoided as a result of the technical know-how being owned. The multi-period excess earnings method considers the present value of net cash flows expected to be generated by the customer relationships, by excluding any cash flows related to contributory assets. 2 This relates to a call option agreement with the non-controlling shareholders of Picup to acquire additional 13% interest in Karooooo Logistics. The option is exercisable from September 1, 2024 and expires on February 29, 2028. The value of the call option as of February 28, 2023 is disclosed in Note 14. (ii) Purple Rain Properties No.444 Proprietary Limited On February 28, 2022, the Group acquired 100% of the shares and voting interests in Purple Rain Properties No. 444 Proprietary Limited (“Purple Rain”) for a consideration of ZAR 100. The acquisition was accounted for as an asset acquisition as based on the concentration test, substantially all of the fair values of the gross assets is concentrated in properties of Purple Rain. The fair values of identifiable net assets and the net cash inflows on the acquisition were as follows: Figures in Rand thousands Note As of Property, plant and equipment 114,166 Cash and cash equivalents 1,404 Other current assets (excluding cash and cash equivalents) 1,476 Term loans 16 (59,088 ) Other non-current liabilities (14,387 ) Current liabilities (1,167 ) Net identifiable assets acquired 42,404 Settlement of amounts due from Purple Rain (42,404 ) Cash consideration transferred for acquisition of asset * Less: cash and cash equivalents acquired (1,404 ) Net inflow of cash (1,404 ) * Amount is less than a thousand Rand.

Material Non-Controlling Intere

Material Non-Controlling Interest	12 Months Ended
	Feb. 28, 2023
Material Non-Controlling Interest [Abstract]
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 28, 2023 and February 28, 2022. The following table summarizes the information relating to the Group’s subsidiary that has a material NCI, before intra-group eliminations as at February 28, 2021: Cartrack Holdings Proprietary Limited Figures in Rand thousands As of NCI percentage 31.9 % Principal place of business South Africa Revenue 2,290,543 Profit for the year after tax 542,338 Other comprehensive income (12,942 ) Total comprehensive income 529,396 Profit attributable to NCI 179,237 Other comprehensive income attributable to NCI (8,094 ) Total comprehensive income attributable to NCI 171,143 Non-current assets 1,588,204 Current assets 453,576 Current liabilities (533,914 ) Non-current liabilities (198,430 ) Net assets 1,309,436 Net assets attributable to NCI 427,133 Cash flows from operating activities 955,309 Cash flows from investing activities (517,691 ) Cash flows from financing activities (500,629 ) Net decrease in cash and cash equivalents (63,011 ) Dividends paid to NCI (145,859 )

Related Parties

Related Parties	12 Months Ended
	Feb. 28, 2023
Disclosure of related party [Abstract]
RELATED PARTIES	30. RELATED PARTIES In addition to the information disclosed in Notes 11, 12 and 19 in the financial statements, the following transactions took place between the Group and related parties at the terms agreed between parties: Transactions with related parties Year ended February 28 Figures in Rand thousands 2023 2022 2021 Sales to related parties (20,139 ) (28,915 ) (24,901 ) Purchases from related parties 92,520 98,032 54,470 Rent paid to related parties 6,121 13,697 18,260 Interest paid to related party – – 2,048 Information regarding the key management and prescribed officers is detailed in Note 34.

Risk Management

Risk Management	12 Months Ended
	Feb. 28, 2023
Risk Management [Abstract]
RISK MANAGEMENT	31. RISK MANAGEMENT The Directors have overall responsibility for the establishment in oversight of the Group’s risk management framework. The Directors have established the Audit and risk committee which is responsible for developing and monitoring the Group’s risk management policies. The committee reports regularly to the Directors on its activities. The Group’s risk management policies are established to identify and analyze the risk faced by the Group, to set appropriate risk limits, implement controls to enforce limits to monitor risk and adherence to limits. The committee is assisted in its oversight role by internal audit. Internal audit reviews risk and management controls and procedures, the results of which are reported to the committee. 31.1 Capital management The Group’s policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Management monitors return of capital, as well as the level of dividends to shareholders. The capital structure of the Group consists of debt, which includes the borrowings and lease obligations disclosed in Note 16 and 17 respectively, cash and cash equivalents and bank overdraft disclosed in Note 13, and equity as disclosed in the consolidated statement of financial position. There were no changes in the Group’s approach to the capital management during the financial year. In order to maintain or adjust the capital structure, the Group may adjust the amounts of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt. 31.2 Financial risk management The Group has exposure to the following risks arising from financial instruments: credit risk, liquidity risk, currency and interest rate risk. 31.2 (a) Credit risk Credit risk is the risk of financial loss to the Group if a customer fails to meet its contractual obligations, and arises principally from the Group’s receivables from customers, cash deposits and cash equivalents. Credit risk is managed by each subsidiary subject to the Group’s established policy and procedure. The Group has a general credit policy of only dealing with credit worthy customers. A significant element of its individual customers is on debit-order payment method to assess credit risk. Trade receivables comprise a widespread customer base. Management evaluates credit risk relating to customers on an ongoing basis. If customers are independently rated, these ratings are used. Otherwise, if there is no independent rating. risk control assesses the credit quality of the customer, taking into account its financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the Directors. The utilization of credit limits is regularly monitored. The Group does not have any significant credit risk exposure to any single customer or any Group of customers having similar characteristics. There has been no change in credit risk estimation techniques since the last financial year. The carrying amounts of financial assets represent the maximum credit exposure. Expected credit losses on financial assets recognized in profit or loss were as follows: Year ended February 28 Figures in Rand thousands 2023 2022 2021 Expected credit loss provision on trade receivables arising from contracts with customers 87,541 88,482 80,842 Trade receivables The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk associated with the country in which the customer operates. Details of concentration of revenue are included in Note 20. Expected credit loss assessment process followed in the current financial year An impairment analysis is performed at each reporting date using a provision matrix to measure expected credit losses. The provision rates are based on days since invoicing date for various groupings of various customer segments with similar loss patterns. The calculation reflects the probability-weighted outcome and reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future conditions. The following table provides information about the expected credit loss rate for trade receivables by ageing category: Figures in Rand thousands Expected Gross Impairment At February 28, 2023 Since invoicing 7 % 195,058 13,177 1 month since invoicing date 18 % 51,655 9,434 2 months since invoicing date 25 % 29,777 7,328 3 months since invoicing date 57 % 209,250 119,602 Total 31 % 485,740 149,541 Figures in Rand thousands Expected Gross Impairment At February 28, 2022 Since invoicing 7 % 148,625 10,139 1 month since invoicing date 14 % 47,681 6,661 2 months since invoicing date 22 % 26,329 5,729 3 months since invoicing date 61 % 228,092 139,154 Total 36 % 450,727 161,683 Cash and cash equivalents The Group held cash and cash equivalents of ZAR 965.8 million as at February 28, 2023 (2022: ZAR 731.7 million). The cash is held with major banks and financial institutions which are rated and regulated in each country. None of the bank’s holding deposits show financial strain. Impairment on cash and cash equivalents at bank has been measured on a 12-month expected loss and reflect the short maturity of the exposures. The Group considers that its cash and cash equivalents at bank have low credit risk and the amount of the allowance to be insignificant. 31.2 (b) Liquidity risk The Group manages liquidity risk through an ongoing review of future commitments and ensures that there is adequate funding available in terms of cash reserves and committed funding facilities. Cash flow forecasts are prepared and available borrowing facilities are monitored on an ongoing basis. Exposure to liquidity risk The table below analyzes the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the statement of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows and includes contractual interest payments. Figures in Rand thousands Less than 2 years 3 years 4 years >5 years Total At February 28, 2023 Term loans 21,993 18,352 17,596 15,751 – 73,692 Lease obligations 56,511 37,454 15,084 11,180 10,271 130,500 Trade and other payables 329,481 – – – – 329,481 Loans from related parties 607 – – – – 607 Bank overdraft 40 – – – – 40 At February 28, 2022 Term loans 22,408 43,884 17,938 16,036 – 100,266 Lease obligations 50,821 42,853 17,305 4,733 8,333 124,045 Trade and other payables 250,970 – – – – 250,970 Loans from related parties 2,134 – – – – 2,134 Bank overdraft 13,722 – – – – 13,722 31.2 (c) Currency risk The Group is exposed to currency risk to the extent that sales, purchases, and borrowings of the foreign operations are denominated in a currency other than the respective functional currencies of Group companies. The functional currencies of Group companies are primarily the ZAR, USD, Euro (EUR), Mozambican metical (MZN), the Singapore dollar (SGD) and Polish zloty (PLN). The Group does not apply hedge accounting. Exposure to currency risk The summarized quantitative data about the Group’s exposure to currency risk as reported to the management of the Group is as follows: Figures in Rand thousands USD EUR SGD At February 28, 2023 Trade and other receivables 104,583 40 433 Loan from related parties 114,186 80,342 – Loan to related parties (229,229 ) – (20,040 ) Cash and cash equivalents 61,780 2,337 560 Trade and other payables (50,581 ) (5,846 ) (8,135 ) 739 76,873 (27,182 ) At February 28, 2022 Trade and other receivables 62,247 228 – Loan from related parties 86,159 71,994 32,085 Loan to related parties (112,334 ) – (7,227 ) Cash and cash equivalents 144,173 9,618 1,880 Trade and other payables (53,609 ) (5,286 ) (2,299 ) 126,636 76,554 24,439 Sensitivity analysis A strengthening/weakening of the ZAR against the USD, EUR and SGD, at year-end would have impacted the measurement of financial instruments denominated in a foreign currency, equity and profit or loss by the amounts shown below. The analysis assumes that all other variables remain constant. A factor change of 10% has been applied to the exchange rates. Figures in Rand thousands Strengthening Weakening of February 28, 2023 USD (74 ) 74 EUR (7,687 ) 7,687 SGD 2,718 (2,718 ) (5,043 ) 5,043 February 28, 2022 USD (12,664 ) 12,664 EUR (7,655 ) 7,655 SGD (2,444 ) 2,444 (22,763 ) 22,763 31.2 (d) Interest rate risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. A fundamental reform of major interest rate benchmarks is being undertaken globally, including the replacement of some interbank offered rates (“IBORs”) with alternative nearly risk-free rates (referred to as “IBOR reform”). The Group has exposures to IBORs on its financial instruments that will be replaced or reformed as part of these market-wide initiatives. The Group’s exposure to interest rate risk relates primarily to the Group’s loan obligations with variable interest rates as follow: ● The term loan with Caixa Geral Depositos de S.A attracts interest at a rate of 3% p.a plus 12-month Euro Interbank Offered Rate (“EURIBOR”). The reform of EURIBOR was completed and as a result it can continue to be used as a reference rate. ● The term loan with Standard Bank South Africa attracts interest at a rate of 2.05% plus 3-month Johannesburg Interbank Average Rate (“JIBAR”). To-date, no fixed date has been set for the cessation of JIBAR by South Africa Reserve Bank. There is uncertainty over the timing and the methods of transition for replacing the existing benchmark IBORs with alternative rates. ● The mortgaged loan with First National Bank attracts interest at a rate of 1.15% p.a plus prime rate. There is uncertainty over the timing and the methods of transition for replacing the existing prime rate with alternative rates. No financial instruments were entered into to mitigate the risk of interest rate movements. Interest rate sensitivity The following table illustrates the effects on Group’s earnings and equity, all other factors remaining constant. A factor of 1% has been applied to the interest rates: As of February 28 Figures in Rand thousands 2023 2022 Effect on profit before tax (1% increase) (599 ) (893 ) Effect on profit before tax (1% decrease) 599 893

Analysis of Assets and Liabilit

Analysis of Assets and Liabilities by Financial Instrument Classification	12 Months Ended
	Feb. 28, 2023
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 28 Figures in Rand thousands Notes 2023 2022 Financial assets (at amortized cost) Loans to related party 12 25,800 19,400 Trade and other receivables (excludes prepayments and other taxes) 11 376,827 304,561 Cash and cash equivalents 13 965,790 731,748 1,368,417 1,055,709 Financial assets (at fair value) Other financial assets 14 388 16,664 Financial liabilities (at amortized cost) Loans from related parties 12 607 2,134 Trade and other payables (excludes other taxes) 19 329,481 250,970 Term loans 16 59,947 89,350 Bank overdraft 13 40 13,722 390,075 356,176

Fair value of Assets and liabil

Fair value of Assets and liabilities	12 Months Ended
	Feb. 28, 2023
Disclosure Of Fair Value Of Financial Instruments Text Block 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. The fair value of the underlying share of Picup 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 28, 2023, 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 28, 2023 Figures in Rand thousands Notes Carrying amount Aggregate fair value Loan to related party 12 25,800 24,112 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.

Directors and Key Management Pe

Directors and Key Management Personnel Emoluments	12 Months Ended
	Feb. 28, 2023
Disclosure Of Information About Key Management Personnel Text Block Abstract
DIRECTORS AND KEY MANAGEMENT PERSONNEL EMOLUMENTS	34. DIRECTORS AND KEY MANAGEMENT PERSONNEL EMOLUMENTS Key management personnel compensation comprised the following: Year ended February 28 Figures in Rand thousands 2023 2022 2021 Short-term employee benefits 16,557 13,109 27,775 Post-employment benefits 378 276 590 16,935 13,385 28,365 The amounts disclosed in the table are the amounts recognized as an expense during the reporting period related to directors and key management personnel.

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share Information	12 Months Ended
	Feb. 28, 2023
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 28 Figures in Rand 2023 2022 2021 Basic earnings Profit attributable to ordinary shareholder of Karooooo (ZAR ’000) 597,153 449,953 318,183 Weighted average number of ordinary shares issued 30,951,106 29,528,020 20,332,894 Basic and diluted earnings per share (ZAR) 19.29 15.24 15.65 Diluted earnings per share There are no dilutive instruments and therefore diluted earnings per share is the same as basic earnings per share.

Funding Facilities

Funding Facilities	12 Months Ended
	Feb. 28, 2023
Funding Facilities [Abstract]
FUNDING FACILITIES	36. FUNDING FACILITIES Cartrack Proprietary Limited (“CTSA”) has entered into funding agreements with The Standard Bank South Africa Limited (“SBSA”) and Mercantile Bank, a division of Capitec Bank Limited (“Mercantile”) as follows: The SBSA facility comprises a ZAR 925 million revolving credit funding facility (the “Loan”), of which ZAR 75.0 million is committed and ZAR 850 million is uncommitted. The final repayment date of the Loan is three years from the commencement date. Interest is levied at a rate of 3 months JIBAR plus margin. A guarantee has been provided by Cartrack and Cartrack Manufacturing Proprietary Limited (“CTM”). Security has been provided by Cartrack, CTSA and CTM in the form of a pledge and cession of certain rights in favor of the lender, including shares held in South African entities, all claims, bank accounts, cash and cash equivalent investments, intellectual property, insurance policies and insurance proceeds. At February 28, 2023, ZAR Nil The Mercantile facility comprises an unsecured short-term overdraft facility of ZAR 75.0 million at the bank’s prime lending rate of 11.75% (2022: 7%) per annum. No security is provided on this facility. At February 28, 2023, ZAR Nil

Commitments

Commitments	12 Months Ended
	Feb. 28, 2023
Commitments [Abstract]
COMMITMENTS	37. COMMITMENTS Other than the lease commitments disclosed in Note 17, as at February 28, 2023, the Group has commitments for capital expenditure of ZAR 45.0 million (2022: ZAR 13.8 million), relating to the redevelopment of its head office suite for South Africa. The total estimated redevelopment cost is ZAR 294 million.

Subsequent Events

Subsequent Events	12 Months Ended
	Feb. 28, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	38. SUBSEQUENT EVENTS In March 2023, for strategic reasons, the group acquired 76% of Cartrack Swaziland (Proprietary) Limited, from its existing franchisees for a purchase consideration of ZAR 9.1 million. On May 8, 2023, the Board of Directors declared an interim dividend of 85 U.S. cents per ordinary shares which shall be payable entirely out of the Karooooo Ltd’s retained earnings.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Feb. 28, 2023
Accounting Policies [Abstract]
Basis of consolidation	a) Basis of consolidation The consolidated financial statements comprises the financial statement 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 acquire, that are present ownership interests and entitled their holders to a proportionate share of net assets of the acquire 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 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 expires. 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 initially 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 relationship Customer relationship 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. Sales tax Revenues, expenses and assets are recognized net of the amount of sales tax except: ● Where the sales tax incurred on a purchase of assets or services is not recoverable from the taxation authority, in which case the sales 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 sales tax included. The net amount of sales 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.

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Significant Accounting Policies Text Block Abstract
Schedule of property, plant and equipment useful lives	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
Schedule of capitalized commission assets	Item Amortization method Average useful life Capitalized commission assets Straight line 5 years

Standards Issued But Not Yet _2

Standards Issued But Not Yet Effective (Tables)	12 Months Ended
	Feb. 28, 2023
Standards Issued But Not Yet Effective [Abstract]
Schedule of significant impact on the groups consolidated financial statements	Details of amendment Annual periods IFRS 17 Insurance Contracts and amendments to IFRS 17 Insurance Contracts January 1, 2023 Amendments to IAS 8: Definition of Accounting Estimates January 1, 2023 Amendments to IAS 12 Income Taxes: Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction January 1, 2023 Amendments to IAS 1 and IFRS Practice Statement 2: Disclosure of Accounting Policies January 1, 2023 Initial Application of IFRS 17 and IFRS 9 – Comparative information (Amendments to IFRS 17) January 1, 2023 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 IFRS 1: Non-current Liabilities with Covenants January 1, 2024 Amendments to IAS 28 and IFRS 10: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture To be determined

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Feb. 28, 2023
Segment Reporting [Abstract]
Schedule of segment information provided to the Group CEO	Figures in Rand thousands Cartrack Carzuka Karooooo Logistics Total February 28, 2023 Subscription revenue 3,003,931 - 6,141 3,010,072 Other revenue 72,709 - - 72,709 Vehicle sales - 250,845 - 250,845 Delivery service - - 173,441 173,441 Segment revenue 3,076,640 250,845 179,582 3,507,067 Segment operating profit/ (loss) 914,981 (37,813 ) 4,747 881,915 Depreciation and amortization 541,238 2,133 1,560 544,931 Capital expenditure 605,716 12,074 8,519 626,309 February 28, 2022 Subscription revenue 2,565,745 – 2,420 2,568,165 Other revenue 71,055 – – 71,055 Vehicle sales – 67,310 – 67,310 Delivery service – – 39,621 39,621 Segment revenue 2,636,800 67,310 42,041 2,746,151 Segment operating profit/ (loss) 715,336 (13,302 ) (2,909 ) 699,125 Depreciation and amortization 497,161 97 101 497,359 Capital expenditure 594,171 1,916 363 596,450
Schedule of reconciliation of information on reportable segments to the amounts reported in consolidated financial statements	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Total segment operating profits 881,915 699,125 726,562 IPO costs - (10,288 ) (25,570 ) Finance income 23,255 6,083 4,358 Finance cost (10,095 ) (12,331 ) (9,302 ) Fair value changes to derivative assets (971 ) (506 ) – Consolidated profit before taxation 894,104 682,083 696,048
Schedule of information about geographical areas	As of February 28 Non-current operating assets 1 2023 2022 South Africa 1,417,103 1,295,683 Africa-Other 116,463 92,517 Europe 270,379 192,712 Asia-Pacific 2 380,436 314,421 2,184,381 1,895,333 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 140.0 million (2022: ZAR 113.0 million).

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Property Plant And Equipment Text Block Abstract
Schedule of property, plant and equipment	Land and 3 Plant, IT Capitalized Capitalized Capitalized Construction Total 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 At February 28, 2022 Owned assets Cost 141,873 132,870 100,299 138,405 173,871 2,039,265 4,166 2,730,749 Accumulated depreciation (21,858 ) (101,426 ) (50,932 ) - - (1,268,141 ) - (1,442,357 ) Carrying value 120,015 31,444 49,367 138,405 173,871 771,124 4,166 1,288,392 Right-of-use assets Cost 112,516 43,435 20,586 – – – – 176,537 Accumulated depreciation (48,128 ) (10,927 ) (15,215 ) – – – – (74,270 ) Carrying value 64,388 32,508 5,371 – – – – 102,267 Total 184,403 63,952 54,738 138,405 173,871 771,124 4,166 1,390,659 1 During the financial year ended February 28, 2022, the Group has reclassified capitalized telematics devices - installed to capitalized telematics devices - uninstalled of ZAR 50.4 million to better reflect the underlying nature of these assets. The reclassification was corrected prospectively as the impact to the prior period is not material. 2 Amount is net of the provision for unconverted motor dealership units amounting to ZAR 13.3 million. 3 Certain freehold land and building of the Group with a carrying amount of 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.
Schedule of reconciliation of the carrying value of property, plant and equipment	Land and 3 Plant, IT Capitalized Capitalized Capitalized Construction Total At February 28, 2023 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 Figures in Rand thousands Land and Plant, IT Capitalized Capitalized Capitalized Construction Total At February 28, 2022 Owned assets Beginning balance 17,742 20,151 25,270 104,475 116,422 761,433 - 1,045,493 Acquisition of subsidiary 110,000 45 261 - - - 4,166 114,472 Additions 3,152 5,940 43,339 212,940 56,857 2 230,406 - 552,634 Transfer - - - (179,010 ) (47,825 ) 226,835 - - Disposals (108 ) (27 ) (470 ) - - (2,391 ) - (2,996 ) Depreciation (4,992 ) (9,023 ) (14,798 ) - - (384,058 ) - (412,871 ) Reclassification (to)/ from right-of-use assets (5,816 ) 14,620 (4,649 ) - - - - 4,155 Reclassification 1 - - - - 50,355 (50,355 ) - - Translation adjustments 37 (262 ) 414 - (1,938 ) (10,746 ) - (12,495 ) Ending balance 120,015 31,444 49,367 138,405 173,871 771,124 4,166 1,288,392 Right-of-use assets Beginning balance 52,633 33,993 5,073 - - - - 91,699 Additions 38,859 25,183 132 - - - - 64,174 Transfer (3,798 ) 3,629 169 - - - - - Disposals (146 ) (528 ) (20 ) - - - - (694 ) Depreciation (26,948 ) (14,123 ) (4,339 ) - - - - (45,410 ) Reclassification from/(to) owned assets 5,816 (14,620 ) 4,649 - - - - (4,155 ) Translation adjustments (2,028 ) (1,026 ) (293 ) - - - - (3,347 ) Ending balance 64,388 32,508 5,371 - - - - 102,267 Total 184,403 63,952 54,738 138,405 173,871 771,124 4,166 1,390,659 1 During the financial year ended February 28, 2022, the Group has reclassified capitalized telematics devices - installed to capitalized telematics devices - uninstalled of ZAR 50.4 million to better reflect the underlying nature of these assets. The reclassification was corrected prospectively as the impact to the prior period is not material. 2 Amount is net of the provision for unconverted motor dealership units amounting to ZAR 13.3 million. 3 Certain freehold land and building of the Group with a carrying amount of 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.

Capitalized Commission Assets (

Capitalized Commission Assets (Tables)	12 Months Ended
	Feb. 28, 2023
Capitalized Commission Assets Abstract
Schedule of capitalized commission assets	As of February 28 Figures in Rand thousands 2023 2022 Cost 537,367 413,240 Accumulated amortization (250,313 ) (181,703 ) Carrying value 287,054 231,537
Schedule of reconciliation of the carrying value of capitalized sales commissions	As of February 28 Figures in Rand thousands 2023 2022 At March 1 231,537 201,075 Additions 112,738 112,639 Amortization (64,707 ) (64,566 ) Write off – (15,301 ) Translation adjustments 7,486 (2,310 ) At February 28 287,054 231,537

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Intangible Assets Text Block Abstract
Schedule of intangible assets	Figures in Rand thousands Product Computer Trade name Customer Total 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 At February 28, 2022 Cost 123,036 24,680 782 6,385 154,883 Accumulated amortization (63,299 ) (13,359 ) (130 ) (1,064 ) (77,852 ) Carrying value 59,737 11,321 652 5,321 77,031
Schedule of reconciliation of the carrying value of intangible assets	Figures in Rand thousands Note Product Computer Trade name Customer Total 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 At February 28, 2022 Beginning balance 53,644 5,695 – – 59,339 Acquisition of subsidiary 28 – 6,218 782 6,385 13,385 Additions 40,787 3,029 – – 43,816 Amortization (34,288 ) (3,596 ) (130 ) (1,064 ) (39,078 ) Translation adjustments (406 ) (25 ) – – (431 ) Ending balance 59,737 11,321 652 5,321 77,031

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Feb. 28, 2023
Goodwill Table [Abstract]
Schedule of goodwill is allocated cash generating units	Cartrack Karooooo Figures in Rand thousands Note Mozambique Portugal Spain Other Logistics Total At March 1, 2021 57,232 32,192 22,818 11,910 – 124,152 Acquisition of subsidiary 28 – – – – 58,314 58,314 Translation adjustments 7,849 (2,028 ) (1,437 ) (466 ) – 3,918 At February 28, 2022 65,081 30,164 21,381 11,444 58,314 186,384 Translation adjustments 17,196 4,305 3,051 1,545 – 26,097 At February 28, 2023 82,277 34,469 24,432 12,989 58,314 212,481
Schedule of key estimates used for the fair value	As of February 28 Key estimates CGU 2023 2022 Revenue growth rate This is the average annual compound growth rate in revenue that is derived from management’s forecast and is based on external available information, such as GDP and industry growth rate within the region. Mozambique 16 % 17 % Portugal 15 % 10 % Spain 19 % 16 % Karooooo Logistics 51 % - The growth rate applied for revenue is considered to be the main driver of profitability and hence free cash flow. CGUs are at different maturity levels in their business cycles and hence will reflect considerably different growth rates. The various geographical markets the CGUs operate within also have differences in their economies which have been taken into consideration. The growth rate determined by management is based on historical data from both external and internal sources and is consistent with reported global telematics growth forecasts for the medium to long term and with the assumptions that a market participant would make. Terminal growth rate The estimated rate of growth after the five-year forecast period. This rate is informed primarily by external forecasts about economic activity by region. Changes in these rates are reflective of changes in market views on the economic growth in those regions. Mozambique 8 % 8 % Portugal 2 % 1 % Spain 2 % 1 % Karooooo Logistics 5 % - Discount rate The rate reflects the specific risks relating to the country and industry in which the entity operates. These rates were determined using externally available information. The rates were determined using the Capital Asset pricing model and adjusting for risk. The rate is a pre-tax rate. Mozambique 31 % 30 % Portugal 19 % 16 % Spain 19 % 17 % Karooooo Logistics 38 % -

Deferred tax (Tables)

Deferred tax (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Deferred Taxes Text Block Abstract
Schedule of deferred tax	As of February 28 Figures in Rand thousands Note 2023 2022 Deferred tax liabilities (51,894 ) (47,063 ) Deferred revenue 59,402 58,137 Property, plant and equipment and capitalized commission assets (144,007 ) (144,782 ) Lease obligations 4,812 4,690 ECL provision on trade receivables 17,238 21,887 Other 10,661 13,005 Deferred tax assets 60,919 58,383 Deferred revenue 4,856 540 Property, plant and equipment and capitalized commission assets 25,233 27,059 Tax losses 8,795 19,710 Lease obligations 2,903 1,303 ECL provision on trade receivables 8,890 3,953 Other 10,242 5,818 Total net deferred tax assets 9,025 11,320 Reconciliation of deferred tax assets/(liabilities) At March 1 11,320 5,022 Acquisition of subsidiaries - (13,386 ) Increase in deferred revenue temporary differences 5,417 13,912 Decrease in property, plant and equipment and capitalized commission assets temporary differences (469 ) (23,479 ) (Decrease)/increase in tax losses temporary differences (13,076 ) 8,887 Increase/(decrease) in lease obligation temporary differences 1,659 (6,365 ) (Decrease)/increase in ECL provision on trade receivables temporary differences (430 ) 13,855 Increase in other temporary differences 1,504 12,954 Translation adjustments 3,100 (80 ) At February 28 9,025 11,320 Reconciliation of deferred tax balances At March 1 11,320 5,022 Acquisition of subsidiaries – (13,386 ) (Charge)/credit to income statement 24 (17,229 ) 19,764 Others 14,570 - Translation adjustments 364 (80 ) At February 28 9,025 11,320

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Inventories [Abstract]
Schedule of inventories	As of February 28 Figures in Rand thousands 2023 2022 Vehicles 75,843 25,369 Other consumables 3,316 - Total inventories 79,159 25,369 Inventories recognized as an expense in cost of sales 218,847 59,213

Trade and Other Receivables a_2

Trade and Other Receivables and Prepayments (Tables)	12 Months Ended
	Feb. 28, 2023
Trade and Other Receivables and Prepayments [Abstract]
Schedule of detailed information about trade and other receivables and prepayments	As of February 28 Figures in Rand thousands 2023 2022 Amounts due from related parties - 2,515 Trade receivables 485,740 448,212 Expected credit loss provision (149,541 ) (161,683 ) 336,199 289,044 Other receivables Deposits 11,811 6,386 Sundry debtors 24,739 9,131 Finance lease receivables 21,403 - Subtotal 394,152 304,561 Prepayments 32,387 28,964 Other taxes 7,367 10,083 Total trade and other receivables and prepayments 433,906 343,608 Non-current 24,715 9,722 Current 409,191 333,886 433,906 343,608
Schedule of reconciliation of the expected credit loss provision recognized with regard to trade and other receivables	As of February 28 Figures in Rand thousands 2023 2022 At March 1 (161,683 ) (101,066 ) Allowance for expected credit losses, net (87,541 ) (88,482 ) Amounts utilized 105,921 26,896 Translation adjustments (6,238 ) 969 At February 28 (149,541 ) (161,683 )
Schedule of maturity analysis of the undiscounted lease payments to be received	As of Figures in Rand thousands 2023 Maturities analysis – within one year 4,078 – within two to four years 14,525 – over four years 2,800 Present value of lease payments 21,403 Non-current asset 17,325 Current asset 4,078 21,403

Loans to_(From) Related Parti_2

Loans to/(From) Related Parties (Tables)	12 Months Ended
	Feb. 28, 2023
Loans to/(From) Related Parties [Abstract]
Schedule of loans to related parties	As of February 28 Figures in Rand thousands 2023 2022 Non-current assets Loans to related party 25,800 19,400 Current liabilities Loans from related parties (607 ) (2,134 )

Cash and Cash Equivalents and_2

Cash and Cash Equivalents and Bank Overdraft (Tables)	12 Months Ended
	Feb. 28, 2023
Cash and Cash Equivalents and Bank Overdraft [Abstract]
Schedule of cash and cash equivalents and bank overdraft	As of February 28 Figures in Rand thousands 2023 2022 Cash on hand 398 2,175 Bank balances 318,630 717,935 Short-term deposits 646,762 11,638 Cash and cash equivalents in the consolidated statement of financial position 965,790 731,748 Bank overdrafts (40 ) (13,722 ) Cash and cash equivalents in the consolidated statement of cash flows 965,750 718,026 Current assets 965,790 731,748 Current liabilities (40 ) (13,722 ) 965,750 718,026

Other Financial Assets (Tables)

Other Financial Assets (Tables)	12 Months Ended
	Feb. 28, 2023
Other Financial Assets [Abstract]
Schedule of other financial assets	As of February 28 Figures in Rand thousands 2023 2022 Non-current assets Derivative – call option 1 388 1,359 Current assets Derivative – put option 2 - 15,305 388 16,664 1 Relates to the acquisition of Picup. See Note 28 for details. 2 Relates to the put option agreement entered with ultimate controlling shareholder to grant the Group the right to sell all its interest in Picup. The put option expired on August 31, 2022. As this is a transaction with owner, the fair value and subsequent changes fair value of the put option is recognized directly against retained earnings.

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Classes Of Share Capital Text Block Abstract
Schedule of share capital	As of February 28 Figures in Rand thousands 2023 2022 Issued and fully paid 30,951,106 (2022: 30,951,106) ordinary shares of no par value 7,142,853 7,142,853

Term Loans (Tables)

Term Loans (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Term Loans Abstract
Schedule of financial liabilities	As of February 28 Figures in Rand thousands Notes Currency Interest rate Maturity 2023 2022 Non-current liabilities Interest-bearing loans 1 ZAR JIBAR + 2.05% February 2024 - 20,003 Interest-bearing loans ZAR 7.25% February 2025 504 - Interest-bearing loans EUR EURIBOR + 3% December 2023 243 5,024 Mortgaged bonds 28 ZAR Prime rate + 1.15% December 2025 37,557 46,167 38,304 71,194 Current liabilities Interest-bearing loans EUR EURIBOR + 3% December 2023 5,497 5,235 Mortgaged bonds 28 ZAR Prime rate +1.15% December 2025 16,146 12,921 21,643 18,156 Total term loans 59,947 89,350 1 The ZAR interest-bearing loans were fully repaid on December 8, 2022.
Schedule of reconciliation of movement of liabilities to cash flows arising from financing activities	Figures in Rand thousands Loans Other Lease Total 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 Balance at March 1, 2021 891,977 15,930 98,684 1,006,591 Changes from financing cash flows (845,003 ) 8,292 (47,201 ) (883,912 ) Proceeds from borrowings – 110,000 – 110,000 Repayment of related parties loans (845,003 ) – – (845,003 ) Repayment of term loans – (101,708 ) – (101,708 ) Payment of lease liabilities – – (47,201 ) (47,201 ) Acquisition of a subsidiary – 66,047 – 66,047 The effect of changes in foreign exchange rates (43,110 ) (919 ) (2,609 ) (46,638 ) Other changes (1,730 ) – 63,204 61,474 Interest paid (1,730 ) (4,317 ) (6,249 ) (12,296 ) New leases – – 63,204 63,204 Interest expense – 4,317 6,249 10,566 Balance at February 28, 2022 2,134 89,350 112,078 203,562

Lease Liabilities (Tables)

Lease Liabilities (Tables)	12 Months Ended
	Feb. 28, 2023
Lease Liabilities [Abstarct]
Schedule of lease liabilities	As of February 28 Figures in Rand thousands 2023 2022 Maturities analysis – within one year 52,843 47,294 – within two to four years 57,930 56,868 – over four years 9,954 7,916 Present value of lease payments 120,727 112,078 Non-current liabilities 67,882 64,784 Current liabilities 52,845 47,294 120,727 112,078

Deferred Revenue (Tables)

Deferred Revenue (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Deferred Income Text Block Abstract
Schedule of deferred revenue	As of February 28 Figures in Rand thousands 2023 2022 Beginning balance 326,404 246,765 Acquisition of subsidiary – 2,678 Amounts deferred in current financial year 353,719 355,873 Amounts released to revenue in the current financial year (304,541 ) (277,939 ) Translation adjustments 20,285 (973 ) Ending balance 395,867 326,404 Non-current liabilities 112,185 108,256 Current liabilities 283,682 218,148 395,867 326,404
Schedule of estimated revenue expected to be recognized in the future related to performance obligations	As of February 28 Figures in Rand thousands 2023 2022 Maturities analysis – within one year 283,682 218,148 – within two to four years 107,558 103,026 – over four years 4,627 5,230 Present value of amounts received in advance 395,867 326,404

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Feb. 28, 2023
Trade and Other Payables [Abstract]
Schedule of trade and other payables	As of February 28 Figures in Rand thousands 2023 2022 Trade payables Amounts due to related parties 13,081 8,963 Trade payables 137,400 90,387 Accrued expenses 121,784 115,198 272,265 214,548 Other payables Sundry creditors 22,918 14,754 Other taxes 44,566 30,896 Dividend payable to NCI 34,298 21,668 374,047 281,866

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Feb. 28, 2022
Disclosure of Revenue Text Block [Abstract]
Schedule of disaggregation of revenue from contracts with customers	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Revenue from contracts with customers Subscription revenue - Cartrack 3,003,931 2,565,745 2,209,017 Subscription revenue - Karooooo Logistics 6,141 2,420 – Other revenue - Cartrack Hardware sales 29,685 37,435 45,280 Installation revenue 29,278 21,321 20,511 Miscellaneous contract fees 13,746 12,299 15,735 Vehicle sales 250,845 67,310 – Delivery service fees 173,441 39,621 – Total revenue 3,507,067 2,746,151 2,290,543 Primary geographical markets South Africa 2,730,401 2,123,153 1,681,928 Africa-Other 131,077 101,019 105,895 Europe 257,078 229,671 219,866 Asia-Pacific*, Middle East and USA 388,511 292,308 282,854 3,507,067 2,746,151 2,290,543 Timing of revenue recognition Products and services transferred at a point in time 323,554 177,986 81,526 Services transferred over time 3,183,513 2,568,165 2,209,017 Total revenue 3,507,067 2,746,151 2,290,543 * Included in Asia-Pacific is revenue from Singapore amounted to ZAR 105.6 million (2022: ZAR 96.1 million, 2021: ZAR 98.6 million).

Operating Profit (Tables)

Operating Profit (Tables)	12 Months Ended
	Feb. 28, 2023
Operating Profit [Abstract]
Schedule of operating profit	Year ended February 28 Figures in Rand thousands Notes 2023 2022 2021 Operating profit is stated after accounting for the following charges: Depreciation of property, plant and equipment 5 493,788 458,281 372,936 Amortization of capitalized commission assets 6 64,707 64,566 46,957 Amortization of intangible assets 7 51,143 39,078 25,856 Employee benefits expense 1 865,831 720,606 396,369 Defined contribution plan 44,681 26,534 21,742 1 After offsetting government grant received ZAR nil

Finance Income (Tables)

Finance Income (Tables)	12 Months Ended
	Feb. 28, 2023
Finance Income [Abstract]
Schedule of finance income	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Interest income from bank balances 23,255 6,083 4,358

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Finance Cost Text Block Abstract
Schedule of finance costs	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Lease liabilities 8,199 6,249 5,588 Term loans 797 4,317 2,711 Overdraft 291 794 870 Others 808 971 133 10,095 12,331 9,302

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Feb. 28, 2023
Taxation [Abstract]
Schedule of taxation	Year ended February 28 Figures in Rand thousands Note 2023 2022 2021 Major components of the tax expense: Current tax Current year 250,606 208,141 160,751 Prior year (4,671 ) 8,573 5,725 Other – Securities Transfer tax – – 200 245,935 216,714 166,676 Deferred tax Current year 15,972 (16,370 ) 36,184 Prior year 1,257 (3,394 ) (19,188 ) 9 17,229 (19,764 ) 16,996 Withholding tax 22,134 8,526 14,956 Total tax expense 285,298 205,476 198,628 Reconciliation between accounting profit and tax expense: Profit before taxation 894,104 682,083 696,048 Tax at the applicable tax rate of 17% 1 1 1 151,998 115,954 118,328 Effect of different tax rates in foreign jurisdictions 91,841 66,257 71,122 Taxation effect of adjustments on taxable income: Utilization of previously unrecognized tax losses (2,239 ) (982 ) (1,332 ) Tax incentive (5,975 ) (2,709 ) (5,827 ) Income not subject to tax (4,184 ) (270 ) (219 ) Non-deductible expenses 20,789 12,556 12,072 Recognition of previously unrecognized tax losses (1,794 ) (2,060 ) – Current year losses for which no deferred tax asset is recognized 14,085 1,040 2,791 Withholding tax 22,134 8,526 14,956 Securities transfer tax – – 200 Prior year tax under/(over) provision (3,414 ) 5,179 (13,463 ) Tax effect of deferred tax on decrease in tax rate (594 ) – – Others 2,651 1,985 – Total tax expense 285,298 205,476 198,628 1 This is the corporate tax rate in Singapore.

Taxation Paid (Tables)

Taxation Paid (Tables)	12 Months Ended
	Feb. 28, 2023
Taxation Paid Abstract
Schedule of taxation paid	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Balance payable at beginning of the year (32,100 ) (10,203 ) (16,458 ) Acquisition of subsidiary – 477 – Current tax for the year recognized in profit or loss (268,069 ) (225,240 ) (181,632 ) Translation adjustments (3,821 ) 341 – Balance payable at end of the year 47,369 32,100 10,203 (256,621 ) (202,525 ) (187,887 )

Dividends Paid (Tables)

Dividends Paid (Tables)	12 Months Ended
	Feb. 28, 2023
Dividends Paid [Abstract]
Schedule of dividend paid	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Dividend paid by the Company to owner of the Company (331,252 ) – (272,235 ) Dividend paid by subsidiaries to NCI – – (145,859 ) Total dividend paid (331,252 ) – (418,094 ) Year ended February 28 2023 2021 Figures in Rand thousands Per share (ZAR) Amount Per share (ZAR) Amount Interim dividend 10.70 331,252 104,385.00 104,385 Final dividend – – 8.26 167,850 331,252 272,235 Year ended February 28 Figures in Rand thousands 2023 2021 Subsidiary Per share (ZAR) Amount Per share (ZAR) Amount Cartrack Holdings Proprietary Limited – – 0.54 51,536 Cartrack Holdings Proprietary Limited – – 0.87 83,030 Cartrack Limitada – – 5.68 9,090 Found Proprietary Limited – – 20,000.00 1,020 Cartrack Polska.Sp.zo.o – – 119,019.27 1,183 – 145,859

Interest in Subsidiaries (Table

Interest in Subsidiaries (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Interests In Subsidiaries Text Block Abstract
Schedule of following table lists the entities which are controlled by the group	Company Name Held by Country of incorporation % holding 2023 % holding 2022 Cartrack Holdings Proprietary Limited 4 Karooooo Ltd South Africa 100.0 100.0 Carzuka.com Pte Ltd 1 Karooooo Ltd Singapore 100.0 100.0 Karooooo Management Company Pte. Ltd. Karooooo Ltd Singapore 100.0 100.0 Karooooo Software Pte. Ltd. Karooooo Ltd Singapore 100.0 100.0 Karooooo Proprietary Ltd Karooooo Ltd South Africa 100.0 100.0 Karooooo Cartrack Limited 11 Karooooo Ltd Uganda 100.0 - Cartrack (Cambodia) Co. Ltd Karooooo Management Company Pte. Ltd. Cambodia 100.0 - Carzuka Pte Ltd 1 Carzuka.com Pte. Ltd. Singapore 100.0 100.0 Karooooo Technologies Proprietary Limited 2 Karooooo Proprietary Ltd South Africa 100.0 100.0 Cartrack Management Services Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Manufacturing Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Insurance Agency Proprietary Limited 3 Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Cartrack Namibia Proprietary Limited Cartrack Holdings Proprietary Limited Namibia 100.0 100.0 Cartrack Technologies Pte. Limited Cartrack Holdings Proprietary Limited Singapore 100.0 100.0 Carzuka Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Purple rain Properties No.444 Proprietary Limited Cartrack Holdings Proprietary Limited South Africa 100.0 100.0 Karooooo Logistics (Pty) Ltd 6 Cartrack Holdings Proprietary Limited South Africa 70.1 70.1 Cartrack Telematics Proprietary Limited 10 Cartrack Proprietary Limited South Africa 49.0 49.0 CTK Shell 1 (Pty) Ltd 1,7 Cartrack Proprietary Limited South Africa 100.0 100.0 Karu Holdings Proprietary Limited Cartrack Proprietary Limited South Africa 100.0 100.0 Combined Telematics Services Proprietary Limited 1, 10 Cartrack Proprietary Limited South Africa 49.0 49.0 CTK Shell 2 (Pty) Ltd 1,8 Cartrack Proprietary Limited South Africa 100.0 100.0 Cartrack Tanzania Limited Cartrack Technologies Pte. Limited Tanzania 100.0 100.0 Karooooo Kenya Limited 5 Cartrack Technologies Pte. Limited Kenya 70.0 100.0 Cartrack Engineering Technologies Limited Cartrack Technologies Pte. Limited Nigeria 100.0 100.0 PT. Cartrack Technologies Indonesia Cartrack Technologies Pte. Limited Indonesia 100.0 100.0 Company Name Held by Country of incorporation % holding 2023 % holding 2022 Cartrack Investments UK Limited 1 Cartrack Technologies Pte. Limited United Kingdom 100.0 100.0 Cartrack Technologies (China) Limited Cartrack Technologies Pte. Limited Hong Kong 100.0 100.0 Cartrack Malaysia SDN.BHD Cartrack Technologies Pte. Limited Malaysia 100.0 100.0 Cartrack Technologies LLC Cartrack Technologies Pte. Limited U.A.E 100.0 100.0 Cartrack Technologies PHL.INC. Cartrack Technologies Pte. Limited Philippines 100.0 100.0 Cartrack Technologies South East Asia Pte. Limited Cartrack Technologies Pte. Limited Singapore 100.0 100.0 Cartrack Ireland Limited Cartrack Technologies Pte. Limited Republic of Ireland 100.0 100.0 Cartrack Technologies (Thailand) Company Limited Cartrack Technologies Pte. Limited Thailand 100.0 100.0 Cartrack New Zealand Limited Cartrack Technologies Pte. Limited New Zealand 51.0 51.0 Cartrack (Australia) Proprietary Limited Cartrack Technologies Pte. Limited Australia 100.0 100.0 Cartrack Technologies Zambia Limited 1 Cartrack Technologies Pte. Limited Zambia 100.0 100.0 Cartrack (Mauritius) Ltd 1 Cartrack Technologies Pte. Limited Mauritius 100.0 100.0 Cartrack Vietnam Limited Liability Company 1 Cartrack Technologies Pte. Limited Vietnam 100.0 100.0 Cartrack INC. Cartrack Ireland Limited U.S.A 100.0 100.0 Cartrack Polska.Sp.zo.o Cartrack Ireland Limited Poland 90.9 90.9 Cartrack Portugal S.A. Cartrack Ireland Limited Portugal 100.0 100.0 Cartrack Espana. S.L.U. Cartrack Ireland Limited Spain 100.0 100.0 Karu.Com. Unipessoal. Lda Cartrack Portugal S.A. Portugal 100.0 100.0 Cartrack France SAS 9 Cartrack Portugal S.A. France - 100.0 Cartrack Limitada 10 Cartrack Technologies LLC Mozambique 50.0 50.0 Auto Club LDA Cartrack Technologies LLC Mozambique 80.0 80.0 Cartrack for Information Technology Company 1 Cartrack Technologies LLC Kingdom of Saudi Arabia 51.0 - 1 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 Liquidated on May 19, 2022 10 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. 11 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.

Acquisition of Subsidiary (Tabl

Acquisition of Subsidiary (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Subsidiaries Text Block Abstract
Schedule of net assets and the cash outflows on the acquisition	Figures in Rand thousands Notes As of Intangible assets 1 7 13,385 Other non-current assets 5,055 Cash and cash equivalents 2,140 Other current assets (excluding cash and cash equivalents) 11,090 Non-current liabilities (13,478 ) Current liabilities (3,967 ) Net identifiable assets acquired 14,225 Add: Goodwill 8 58,314 Add: Other financial asset 2 1,865 Less: NCI based on proportionate interest (4,253 ) Cash consideration transferred for the business 70,151 Less: cash and cash equivalents acquired (2,140 ) Net outflow of cash 68,011 1 The intangible assets comprised of computer software, trade name and customer relationships estimated at ZAR 13.4 million. The computer software was valued based on replacement cost following review of the useful life. In measuring the fair value of the trade name and customer-related intangibles, relief-from-royalty method and multi-period excess earnings method were used. The relief-from-royalty method considers the discounted estimated royalty payments that are expected to be avoided as a result of the technical know-how being owned. The multi-period excess earnings method considers the present value of net cash flows expected to be generated by the customer relationships, by excluding any cash flows related to contributory assets. 2 This relates to a call option agreement with the non-controlling shareholders of Picup to acquire additional 13% interest in Karooooo Logistics. The option is exercisable from September 1, 2024 and expires on February 29, 2028. The value of the call option as of February 28, 2023 is disclosed in Note 14. Figures in Rand thousands Note As of Property, plant and equipment 114,166 Cash and cash equivalents 1,404 Other current assets (excluding cash and cash equivalents) 1,476 Term loans 16 (59,088 ) Other non-current liabilities (14,387 ) Current liabilities (1,167 ) Net identifiable assets acquired 42,404 Settlement of amounts due from Purple Rain (42,404 ) Cash consideration transferred for acquisition of asset * Less: cash and cash equivalents acquired (1,404 ) Net inflow of cash (1,404 ) * Amount is less than a thousand Rand.

Material Non-Controlling Inte_2

Material Non-Controlling Interest (Tables)	12 Months Ended
	Feb. 28, 2023
Material Non-Controlling Interest [Abstract]
Schedule of information relating to the group’s subsidiary material NCI	Cartrack Holdings Proprietary Limited Figures in Rand thousands As of NCI percentage 31.9 % Principal place of business South Africa Revenue 2,290,543 Profit for the year after tax 542,338 Other comprehensive income (12,942 ) Total comprehensive income 529,396 Profit attributable to NCI 179,237 Other comprehensive income attributable to NCI (8,094 ) Total comprehensive income attributable to NCI 171,143 Non-current assets 1,588,204 Current assets 453,576 Current liabilities (533,914 ) Non-current liabilities (198,430 ) Net assets 1,309,436 Net assets attributable to NCI 427,133 Cash flows from operating activities 955,309 Cash flows from investing activities (517,691 ) Cash flows from financing activities (500,629 ) Net decrease in cash and cash equivalents (63,011 ) Dividends paid to NCI (145,859 )

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure of related party [Abstract]
Schedule of transaction with related parties	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Sales to related parties (20,139 ) (28,915 ) (24,901 ) Purchases from related parties 92,520 98,032 54,470 Rent paid to related parties 6,121 13,697 18,260 Interest paid to related party – – 2,048

Risk Management (Tables)

Risk Management (Tables)	12 Months Ended
	Feb. 28, 2023
Risk Management [Abstract]
Schedule of expected credit losses on financial assets recognized in profit or loss	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Expected credit loss provision on trade receivables arising from contracts with customers 87,541 88,482 80,842
Schedule of provides information about the expected credit loss rate for trade receivables by ageing category	Figures in Rand thousands Expected Gross Impairment At February 28, 2023 Since invoicing 7 % 195,058 13,177 1 month since invoicing date 18 % 51,655 9,434 2 months since invoicing date 25 % 29,777 7,328 3 months since invoicing date 57 % 209,250 119,602 Total 31 % 485,740 149,541 Figures in Rand thousands Expected Gross Impairment At February 28, 2022 Since invoicing 7 % 148,625 10,139 1 month since invoicing date 14 % 47,681 6,661 2 months since invoicing date 22 % 26,329 5,729 3 months since invoicing date 61 % 228,092 139,154 Total 36 % 450,727 161,683
Schedule of contractual undiscounted cash flows and contractual interest payments	Figures in Rand thousands Less than 2 years 3 years 4 years >5 years Total At February 28, 2023 Term loans 21,993 18,352 17,596 15,751 – 73,692 Lease obligations 56,511 37,454 15,084 11,180 10,271 130,500 Trade and other payables 329,481 – – – – 329,481 Loans from related parties 607 – – – – 607 Bank overdraft 40 – – – – 40 At February 28, 2022 Term loans 22,408 43,884 17,938 16,036 – 100,266 Lease obligations 50,821 42,853 17,305 4,733 8,333 124,045 Trade and other payables 250,970 – – – – 250,970 Loans from related parties 2,134 – – – – 2,134 Bank overdraft 13,722 – – – – 13,722
Schedule of currency risk	Figures in Rand thousands USD EUR SGD At February 28, 2023 Trade and other receivables 104,583 40 433 Loan from related parties 114,186 80,342 – Loan to related parties (229,229 ) – (20,040 ) Cash and cash equivalents 61,780 2,337 560 Trade and other payables (50,581 ) (5,846 ) (8,135 ) 739 76,873 (27,182 ) At February 28, 2022 Trade and other receivables 62,247 228 – Loan from related parties 86,159 71,994 32,085 Loan to related parties (112,334 ) – (7,227 ) Cash and cash equivalents 144,173 9,618 1,880 Trade and other payables (53,609 ) (5,286 ) (2,299 ) 126,636 76,554 24,439
Schedule of a factor change of 10% has been applied to the exchange rates	Figures in Rand thousands Strengthening Weakening of February 28, 2023 USD (74 ) 74 EUR (7,687 ) 7,687 SGD 2,718 (2,718 ) (5,043 ) 5,043 February 28, 2022 USD (12,664 ) 12,664 EUR (7,655 ) 7,655 SGD (2,444 ) 2,444 (22,763 ) 22,763
Schedule of a factor of 1% has been applied to the interest rates	As of February 28 Figures in Rand thousands 2023 2022 Effect on profit before tax (1% increase) (599 ) (893 ) Effect on profit before tax (1% decrease) 599 893

Analysis of Assets and Liabil_2

Analysis of Assets and Liabilities by Financial Instrument Classification (Tables)	12 Months Ended
	Feb. 28, 2023
Analysis of Assets and Liabilities by Financial Instrument Classification [Abstract]
Schedule of classification of financial assets and financial liabilities	As of February 28 Figures in Rand thousands Notes 2023 2022 Financial assets (at amortized cost) Loans to related party 12 25,800 19,400 Trade and other receivables (excludes prepayments and other taxes) 11 376,827 304,561 Cash and cash equivalents 13 965,790 731,748 1,368,417 1,055,709 Financial assets (at fair value) Other financial assets 14 388 16,664 Financial liabilities (at amortized cost) Loans from related parties 12 607 2,134 Trade and other payables (excludes other taxes) 19 329,481 250,970 Term loans 16 59,947 89,350 Bank overdraft 13 40 13,722 390,075 356,176

Fair value of Assets and liab_2

Fair value of Assets and liabilities (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Fair Value Of Financial Instruments Text Block Abstract
Schedule of loans to related party	As of February 28, 2023 Figures in Rand thousands Notes Carrying amount Aggregate fair value Loan to related party 12 25,800 24,112

Directors and Key Management _2

Directors and Key Management Personnel Emoluments (Tables)	12 Months Ended
	Feb. 28, 2023
Disclosure Of Information About Key Management Personnel Text Block Abstract
Schedule of directors and key management personnel emoluments	Year ended February 28 Figures in Rand thousands 2023 2022 2021 Short-term employee benefits 16,557 13,109 27,775 Post-employment benefits 378 276 590 16,935 13,385 28,365

Basic and Diluted Earnings Pe_2

Basic and Diluted Earnings Per Share Information (Tables)	12 Months Ended
	Feb. 28, 2023
Basic and Diluted Earnings Per Share Information [Abstract]
Schedule of basic and diluted earnings per share	Year ended February 28 Figures in Rand 2023 2022 2021 Basic earnings Profit attributable to ordinary shareholder of Karooooo (ZAR ’000) 597,153 449,953 318,183 Weighted average number of ordinary shares issued 30,951,106 29,528,020 20,332,894 Basic and diluted earnings per share (ZAR) 19.29 15.24 15.65

Presentation of Consolidated _2

Presentation of Consolidated Financial Statements (Details) R / shares in Units, $ / shares in Units, R in Millions, $ in Millions			1 Months Ended	12 Months Ended
	Apr. 01, 2021 USD ($) $ / shares shares	Nov. 18, 2020	Apr. 16, 2021	Feb. 28, 2023 ZAR (R) R / shares	Feb. 28, 2022 ZAR (R)	Feb. 28, 2021 ZAR (R)	Jul. 17, 2019
Presentation of Consolidated Financial Statements (Details) [Line Items]
Acquired interest							68%
Equivalent price per share (in Rand per share) | R / shares				R 13.44
Description of financial statements		On this date, 20,331,894 shares were issued to Zak and Karooooo registered ZAR 2,739,619,000 paid-up capital which resulted in a common control reserve of ZAR 2,709,236,000 arising due to the common control transaction.
Gross cash (in Dollars) | $	$ 33.8
Shares issued (in Shares) | shares	1,207,500
Offer price per share (in Dollars per share) | $ / shares	$ 28
Costs incurred				R 85.1
Issuance of shares				R 49.2
Invested percentage			99%
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 28, 2022, 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 (Details) [Line Items]
Cost expensed					R 10.3	R 25.6

Significant Accounting Polici_3

Significant Accounting Policies (Details) R in Millions	12 Months Ended
	Feb. 28, 2023 ZAR (R)
Disclosure Of Significant Accounting Policies Text Block Abstract
Offers warrant amount	R 1

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives	12 Months Ended
	Feb. 28, 2023
Property [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Depreciation method	Straight line
Property - Right of use assets [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Depreciation method	Straight line
Average useful life	Lease term or useful life whichever is shorter
Property - Leasehold improvements [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Depreciation method	Straight line
Average useful life	3
Plant, equipment and vehicles [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Depreciation method	Straight line
IT equipment [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Depreciation method	Straight line
Average useful life	3
Capitalized telematics devices - Installed [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Depreciation method	Straight line
Average useful life	5
Minimum [Member] | Property [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Average useful life	20
Minimum [Member] | Plant, equipment and vehicles [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Average useful life	4
Maximum [Member] | Property [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Average useful life	50
Maximum [Member] | Plant, equipment and vehicles [Member]
Significant Accounting Policies (Details) - Schedule of property, plant and equipment useful lives [Line Items]
Average useful life	5

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of capitalized commission assets - Capitalized commission assets [Member]	12 Months Ended
	Feb. 28, 2023
Significant Accounting Policies (Details) - Schedule of capitalized commission assets [Line Items]
Amortization method	Straight line
Average useful life	5 years

Standards Issued But Not Yet _3

Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements	12 Months Ended
	Feb. 28, 2022
IFRS 17 Insurance Contracts and amendments to IFRS 17 Insurance Contracts [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2023
Definition of Accounting Estimates [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2023
Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2023
Disclosure of Accounting Policies [member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2023
Initial Application of IFRS 17 and IFRS 9 – Comparative information [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2023
Classification of Liabilities as Current or Non-current [member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2024
Lease Liability in a Sale and Leaseback [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2024
Non-current Liabilities with Covenants [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	January 1, 2024
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture [Member]
Standards Issued But Not Yet Effective (Details) - Schedule of significant impact on the groups consolidated financial statements [Line Items]
Details of amendment	To be determined

Segment Reporting (Details)

Segment Reporting (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Segment Reporting (Details) [Line Items]
Non-current assets (in Rand)	R 140	R 113
Contribute excess percentage	10%	10%	10%
South Africa [Member]
Segment Reporting (Details) [Line Items]
Segments	Prior to the financial year ended February 28, 2022, the Group was organized into geographical business units and had four reportable segments by geography.

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of segment information provided to the Group CEO - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule of segment information provided to the Group CEO [Abstract]
Subscription revenue	R 3,010,072	R 2,568,165
Other revenue	72,709	71,055
Vehicle sales	250,845	67,310
Delivery service	173,441	39,621
Segment revenue	3,507,067	2,746,151
Segment operating profit/ (loss)	881,915	699,125
Depreciation and amortization	544,931	497,359
Capital expenditure	626,309	596,450
Cartrack [Member]
Schedule of segment information provided to the Group CEO [Abstract]
Subscription revenue	3,003,931	2,565,745
Other revenue	72,709	71,055
Vehicle sales
Delivery service
Segment revenue	3,076,640	2,636,800
Segment operating profit/ (loss)	914,981	715,336
Depreciation and amortization	541,238	497,161
Capital expenditure	605,716	594,171
Carzuka [Member]
Schedule of segment information provided to the Group CEO [Abstract]
Subscription revenue
Other revenue
Vehicle sales	250,845	67,310
Delivery service
Segment revenue	250,845	67,310
Segment operating profit/ (loss)	(37,813)	(13,302)
Depreciation and amortization	2,133	97
Capital expenditure	12,074	1,916
Karooooo Logistics [Member]
Schedule of segment information provided to the Group CEO [Abstract]
Subscription revenue	6,141	2,420
Other revenue
Vehicle sales
Delivery service	173,441	39,621
Segment revenue	179,582	42,041
Segment operating profit/ (loss)	4,747	(2,909)
Depreciation and amortization	1,560	101
Capital expenditure	R 8,519	R 363

Segment Reporting (Details) -_2

Segment Reporting (Details) - Schedule of reconciliation of information on reportable segments to the amounts reported in consolidated financial statements - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of reconciliation of information on reportable segments to the amounts reported in consolidated financial statements [Abstract]
Total segment operating profits	R 881,915	R 699,125	R 726,562
IPO costs		(10,288)	(25,570)
Finance income	23,255	6,083	4,358
Finance cost	(10,095)	(12,331)	(9,302)
Fair value changes to derivative assets	(971)	(506)
Consolidated profit before taxation	R 894,104	R 682,083	R 696,048

Segment Reporting (Details) -_3

Segment Reporting (Details) - Schedule of information about geographical areas - ZAR (R) R in Thousands		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022
Schedule of information about geographical areas [Abstract]
Total		R 2,184,381	R 1,895,333
South Africa [Member]
Schedule of information about geographical areas [Abstract]
Total	[1]	1,417,103	1,295,683
Africa-Other [Member]
Schedule of information about geographical areas [Abstract]
Total	[1]	116,463	92,517
Europe [Member]
Schedule of information about geographical areas [Abstract]
Total	[1]	270,379	192,712
Asia-Pacific, Middle East & USA [Member]
Schedule of information about geographical areas [Abstract]
Total	[1],[2]	R 380,436	R 314,421
[1] Non-current operating assets consist of property, plant and equipment, capitalized commission assets, intangible assets, goodwill and prepayments. Included in Asia-Pacific is non-current assets from Singapore amount to ZAR 140.0 million (2022: ZAR 113.0 million).

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Disclosure Of Property Plant And Equipment Text Block Abstract
Capitalized telematics devices		R 50.4
Unconverted motor dealership	R 13.3
Mortgaged	186.5
Carrying amount	186.5
Capitalized borrowing cost	R 4.6
Prime rate percentage	1.15%

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of property, plant and equipment - ZAR (R) R in Thousands		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022
Owned assets [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		R 3,376,916	R 2,730,749
Accumulated depreciation		(1,902,528)	(1,442,357)
Carrying value		1,474,388	1,288,392
Owned assets [Member] | Land and Property [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost	[1]	147,607	141,873
Accumulated depreciation	[1]	(26,422)	(21,858)
Carrying value	[1]	121,185	120,015
Owned assets [Member] | Plant, equipment and vehicles [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		134,813	132,870
Accumulated depreciation		(105,337)	(101,426)
Carrying value		29,476	31,444
Owned assets [Member] | IT equipment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		143,734	100,299
Accumulated depreciation		(79,563)	(50,932)
Carrying value		64,171	49,367
Owned assets [Member] | Capitalized telematics devices – Work-in- Progress [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		202,425	138,405
Accumulated depreciation
Carrying value		202,425	138,405
Owned assets [Member] | Capitalized telematics devices – Uninstalled [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		104,951	173,871
Accumulated depreciation
Carrying value		104,951	173,871
Owned assets [Member] | Capitalized telematics devices - Installed [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		2,566,867	2,039,265
Accumulated depreciation		(1,691,206)	(1,268,141)
Carrying value		875,661	771,124
Owned assets [Member] | Construction in progress [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		76,519	4,166
Accumulated depreciation
Carrying value		76,519	4,166
Right-of-use-assets [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		246,408	176,537
Accumulated depreciation		(128,982)	(74,270)
Carrying value		117,426	102,267
Total		1,591,814	1,390,659
Right-of-use-assets [Member] | Land and Property [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost	[1]	172,155	112,516
Accumulated depreciation	[1]	(88,208)	(48,128)
Carrying value	[1]	83,947	64,388
Total	[1]	205,132	184,403
Right-of-use-assets [Member] | Plant, equipment and vehicles [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		53,083	43,435
Accumulated depreciation		(19,928)	(10,927)
Carrying value		33,155	32,508
Total		62,631	63,952
Right-of-use-assets [Member] | IT equipment [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost		21,170	20,586
Accumulated depreciation		(20,846)	(15,215)
Carrying value		324	5,371
Total		64,495	54,738
Right-of-use-assets [Member] | Capitalized telematics devices – Work-in- Progress [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total		202,425	138,405
Right-of-use-assets [Member] | Capitalized telematics devices – Uninstalled [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total		104,951	173,871
Right-of-use-assets [Member] | Capitalized telematics devices - Installed [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total		875,661	771,124
Right-of-use-assets [Member] | Construction in progress [Member]
Property, Plant and Equipment (Details) - Schedule of property, plant and equipment [Line Items]
Cost
Accumulated depreciation
Carrying value
Total		R 76,519	R 4,166
[1]Certain freehold land and building of the Group with a carrying amount of 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.

Property, Plant and Equipment_4

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. 28, 2023	Feb. 28, 2022
Owned assets [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		R 1,288,392	R 1,045,493
Acquisition of subsidiary			114,472
Additions		579,656	552,634
Transfer
Disposals		(8,435)	(2,996)
Depreciation		(444,111)	(412,871)
Reclassification (to)/ from right-of-use assets			4,155
Reclassification	[1]
Translation adjustments		58,886	(12,495)
Ending balance		1,474,388	1,288,392
Reconciliation of the carrying value of property, plant and equipment [Member] | Land and Property [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance	[2]	64,388	52,633
Additions	[2]	48,978	38,859
Transfer	[2]		(3,798)
Disposals	[2]	(698)	(146)
Depreciation	[2]	(34,450)	(26,948)
Reclassification from/(to) owned assets	[2]		5,816
Translation adjustments	[2]	5,729	(2,028)
Ending balance	[2]	83,947	64,388
Total	[2]	205,132	184,403
Reconciliation of the carrying value of property, plant and equipment [Member] | Plant, equipment and vehicles [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		32,508	33,993
Additions		9,959	25,183
Transfer			3,629
Disposals		(187)	(528)
Depreciation		(9,517)	(14,123)
Reclassification from/(to) owned assets			(14,620)
Translation adjustments		392	(1,026)
Ending balance		33,155	32,508
Total		62,631	63,952
Reconciliation of the carrying value of property, plant and equipment [Member] | IT equipment [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		5,371	5,073
Additions		635	132
Transfer			169
Disposals		(2)	(20)
Depreciation		(5,710)	(4,339)
Reclassification from/(to) owned assets			4,649
Translation adjustments		30	(293)
Ending balance		324	5,371
Total		64,495	54,738
Reconciliation of the carrying value of property, plant and equipment [Member] | Capitalized telematics devices – Work-in- Progress [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance
Additions
Transfer
Disposals
Depreciation
Reclassification from/(to) owned assets
Translation adjustments
Ending balance
Total		202,425	138,405
Reconciliation of the carrying value of property, plant and equipment [Member] | Capitalized telematics devices – Uninstalled [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance
Additions
Transfer
Disposals
Depreciation
Reclassification from/(to) owned assets
Translation adjustments
Ending balance
Total		104,951	173,871
Reconciliation of the carrying value of property, plant and equipment [Member] | Capitalized telematics devices - Installed [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance
Additions
Transfer
Disposals
Depreciation
Reclassification from/(to) owned assets
Translation adjustments
Ending balance
Total		875,661	771,124
Reconciliation of the carrying value of property, plant and equipment [Member] | Construction in progress [member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance
Additions
Transfer
Disposals
Depreciation
Reclassification from/(to) owned assets
Translation adjustments
Ending balance
Total		76,519	4,166
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | Land and Property [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance	[2]	120,015	17,742
Acquisition of subsidiary	[2]		110,000
Additions	[2]	9,057	3,152
Transfer	[2]
Disposals	[2]	(3,230)	(108)
Depreciation	[2]	(5,425)	(4,992)
Reclassification (to)/ from right-of-use assets	[2]		(5,816)
Reclassification	[1],[2]
Translation adjustments	[2]	768	37
Ending balance	[2]	121,185	120,015
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | Plant, equipment and vehicles [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		31,444	20,151
Acquisition of subsidiary			45
Additions		7,513	5,940
Transfer
Disposals		(2,033)	(27)
Depreciation		(8,957)	(9,023)
Reclassification (to)/ from right-of-use assets			14,620
Reclassification	[1]
Translation adjustments		1,509	(262)
Ending balance		29,476	31,444
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | IT equipment [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		49,367	25,270
Acquisition of subsidiary			261
Additions		33,191	43,339
Transfer
Disposals		(282)	(470)
Depreciation		(25,152)	(14,798)
Reclassification (to)/ from right-of-use assets			(4,649)
Reclassification	[1]
Translation adjustments		7,047	414
Ending balance		64,171	49,367
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | Capitalized telematics devices – Work-in- Progress [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		138,405	104,475
Acquisition of subsidiary
Additions		142,586	212,940
Transfer		(78,566)	(179,010)
Disposals
Depreciation
Reclassification (to)/ from right-of-use assets
Reclassification	[1]
Translation adjustments
Ending balance		202,425	138,405
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | Capitalized telematics devices – Uninstalled [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		173,871	116,422
Acquisition of subsidiary
Additions		111,661	56,857
Transfer		(189,160)	(47,825)
Disposals
Depreciation
Reclassification (to)/ from right-of-use assets
Reclassification	[1]		50,355
Translation adjustments		8,579	(1,938)
Ending balance		104,951	173,871
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | Capitalized telematics devices - Installed [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		771,124	761,433
Acquisition of subsidiary
Additions		203,295	230,406
Transfer		267,726	226,835
Disposals		(2,890)	(2,391)
Depreciation		(404,577)	(384,058)
Reclassification (to)/ from right-of-use assets
Reclassification	[1]		(50,355)
Translation adjustments		40,983	(10,746)
Ending balance		875,661	771,124
Reconciliation of the carrying value of property, plant and equipment [Member] | Owned assets [Member] | Construction in progress [member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		4,166
Acquisition of subsidiary			4,166
Additions		72,353
Transfer
Disposals
Depreciation
Reclassification (to)/ from right-of-use assets
Reclassification	[1]
Translation adjustments
Ending balance		76,519	4,166
Right-of-use assets [member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Beginning balance		102,267	91,699
Additions		59,572	64,174
Transfer
Disposals		(887)	(694)
Depreciation		(49,677)	(45,410)
Reclassification from/(to) owned assets			(4,155)
Translation adjustments		6,151	(3,347)
Ending balance		117,426	102,267
Owned assets [Member]
Property, Plant and Equipment (Details) - Schedule of reconciliation of the carrying value of property, plant and equipment [Line Items]
Total		R 1,591,814	R 1,390,659
[1]During the financial year ended February 28, 2022, the Group has reclassified Capitalized telematics devices - Installed to Capitalized telematics devices - Uninstalled of ZAR 50.4 million to better reflect the underlying nature of these assets. The reclassification was corrected prospectively as the impact to the prior period is not material.[2]Certain freehold land and building of the Group with a carrying amount of 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.

Capitalized Commission Assets_2

Capitalized Commission Assets (Details) R in Millions	Feb. 28, 2023 ZAR (R)
Capitalized Commission Assets Abstract
Write-off of capitalized commission assets	R 15.3

Capitalized Commission Assets_3

Capitalized Commission Assets (Details) - Schedule of capitalized commission assets - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule of capitalized commission assets [Abstract]
Cost	R 537,367	R 413,240
Accumulated amortization	(250,313)	(181,703)
Carrying value	R 287,054	R 231,537

Capitalized Commission Assets_4

Capitalized Commission Assets (Details) - Schedule of reconciliation of the carrying value of capitalized sales commissions - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule of reconciliation of the carrying value of capitalized sales commissions [Abstract]
Opening balance	R 231,537	R 201,075
Additions	112,738	112,639
Amortization	(64,707)	(64,566)
Write off		(15,301)
Translation adjustments	7,486	(2,310)
Closing balance	R 287,054	R 231,537

Intangible Assets (Details)

Intangible Assets (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Disclosure Of Intangible Assets Text Block Abstract
Staff costs capitalized to product development costs	R 38.8	R 40.8

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Cost	R 186,128	R 154,883
Accumulated amortization	(100,486)	(77,852)
Carrying value	85,642	77,031
Product development costs [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Cost	144,922	123,036
Accumulated amortization	(76,621)	(63,299)
Carrying value	68,301	59,737
Computer software [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Cost	34,039	24,680
Accumulated amortization	(20,281)	(13,359)
Carrying value	13,758	11,321
Trade name [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Cost	782	782
Accumulated amortization	(391)	(130)
Carrying value	391	652
Customer relationship [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Cost	6,385	6,385
Accumulated amortization	(3,193)	(1,064)
Carrying value	R 3,192	R 5,321

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of reconciliation of the carrying value of intangible assets - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Intangible Assets (Details) - Schedule of reconciliation of the carrying value of intangible assets [Line Items]
Beginning balance	R 77,031	R 59,339
Acquisition of subsidiary		13,385
Additions	46,653	43,816
Amortization	(51,143)	(39,078)
Translation adjustments	13,101	(431)
Ending balance	85,642	77,031
Product development costs [Member]
Intangible Assets (Details) - Schedule of reconciliation of the carrying value of intangible assets [Line Items]
Beginning balance	59,737	53,644
Acquisition of subsidiary
Additions	38,837	40,787
Amortization	(42,638)	(34,288)
Translation adjustments	12,365	(406)
Ending balance	68,301	59,737
Computer software [member]
Intangible Assets (Details) - Schedule of reconciliation of the carrying value of intangible assets [Line Items]
Beginning balance	11,321	5,695
Acquisition of subsidiary		6,218
Additions	7,816	3,029
Amortization	(6,115)	(3,596)
Translation adjustments	736	(25)
Ending balance	13,758	11,321
Trade name [Member]
Intangible Assets (Details) - Schedule of reconciliation of the carrying value of intangible assets [Line Items]
Beginning balance	652
Acquisition of subsidiary		782
Additions
Amortization	(261)	(130)
Translation adjustments
Ending balance	391	652
Customer relationship [Member]
Intangible Assets (Details) - Schedule of reconciliation of the carrying value of intangible assets [Line Items]
Beginning balance	5,321
Acquisition of subsidiary		6,385
Additions
Amortization	(2,129)	(1,064)
Translation adjustments
Ending balance	R 3,192	R 5,321

Goodwill (Details)

Goodwill (Details) - ZAR (R) R in Billions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Disclosure Of Goodwill Text Block Abstract
Value of equity	R 11.8	R 12.6

Goodwill (Details) - Schedule o

Goodwill (Details) - Schedule of goodwill is allocated cash generating units - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Goodwill (Details) - Schedule of goodwill is allocated cash generating units [Line Items]
Balance, at beginning	R 186,384	R 124,152
Acquisition of subsidiary		58,314
Translation adjustments	26,097	3,918
Balance, at ending	212,481	186,384
Mozambique [Member]
Goodwill (Details) - Schedule of goodwill is allocated cash generating units [Line Items]
Balance, at beginning	65,081	57,232
Acquisition of subsidiary
Translation adjustments	17,196	7,849
Balance, at ending	82,277	65,081
Portugal [Member]
Goodwill (Details) - Schedule of goodwill is allocated cash generating units [Line Items]
Balance, at beginning	30,164	32,192
Acquisition of subsidiary
Translation adjustments	4,305	(2,028)
Balance, at ending	34,469	30,164
Spain [Member]
Goodwill (Details) - Schedule of goodwill is allocated cash generating units [Line Items]
Balance, at beginning	21,381	22,818
Acquisition of subsidiary
Translation adjustments	3,051	(1,437)
Balance, at ending	24,432	21,381
Other [Member]
Goodwill (Details) - Schedule of goodwill is allocated cash generating units [Line Items]
Balance, at beginning	11,444	11,910
Acquisition of subsidiary
Translation adjustments	1,545	(466)
Balance, at ending	12,989	11,444
Karooooo Logistics [Member]
Goodwill (Details) - Schedule of goodwill is allocated cash generating units [Line Items]
Balance, at beginning	58,314
Acquisition of subsidiary		58,314
Translation adjustments
Balance, at ending	R 58,314	R 58,314

Goodwill (Details) - Schedule_2

Goodwill (Details) - Schedule of key estimates used for the fair value	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate, description	The growth rate applied for revenue is considered to be the main driver of profitability and hence free cash flow. CGUs are at different maturity levels in their business cycles and hence will reflect considerably different growth rates. The various geographical markets the CGUs operate within also have differences in their economies which have been taken into consideration. The growth rate determined by management is based on historical data from both external and internal sources and is consistent with reported global telematics growth forecasts for the medium to long term and with the assumptions that a market participant would make.
Mozambique [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate, description	This is the average annual compound growth rate in revenue that is derived from management’s forecast and is based on external available information, such as GDP and industry growth rate within the region.
Revenue growth rate	16%	17%
Terminal growth rate description	The estimated rate of growth after the five-year forecast period. This rate is informed primarily by external forecasts about economic activity by region. Changes in these rates are reflective of changes in market views on the economic growth in those regions.
Terminal growth rate	8%	8%
Discount rate, description	The rate reflects the specific risks relating to the country and industry in which the entity operates. These rates were determined using externally available information. The rates were determined using the Capital Asset pricing model and adjusting for risk. The rate is a pre-tax rate.
Percentage of Discount rate	31%	30%
Portugal [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate	15%	10%
Terminal growth rate	2%	1%
Percentage of Discount rate	19%	16%
Spain [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate	19%	16%
Terminal growth rate	2%	1%
Percentage of Discount rate	19%	17%
Karooooo Logistics [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate	51%
Terminal growth rate	5%
Percentage of Discount rate	38%
CGU [Member] | Mozambique [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate, description	Mozambique
Terminal growth rate description	Mozambique
Discount rate, description	Mozambique
CGU [Member] | Portugal [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate, description	Portugal
Terminal growth rate description	Portugal
Discount rate, description	Portugal
CGU [Member] | Spain [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate, description	Spain
Terminal growth rate description	Spain
Discount rate, description	Spain
CGU [Member] | Karooooo Logistics [Member]
Goodwill (Details) - Schedule of key estimates used for the fair value [Line Items]
Revenue growth rate, description	Karooooo Logistics
Terminal growth rate description	Karooooo Logistics
Discount rate, description	Karooooo Logistics

Deferred tax (Details)

Deferred tax (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Disclosure Of Deferred Taxes Text Block Abstract
Unrecognized deferred tax assets	R 116.2	R 6.2
Unrecognized deferred tax liabilities	R 1,194.7	R 1,484.7

Deferred tax (Details) - Schedu

Deferred tax (Details) - Schedule of deferred tax R in Thousands, $ in Thousands	12 Months Ended
	Feb. 28, 2023 ZAR (R)	Feb. 28, 2023 USD ($)	Feb. 28, 2022 ZAR (R)
Schedule Of Deferred Tax Abstract
Deferred tax liabilities	R (51,894)		R (47,063)
Deferred revenue	59,402		58,137
Property, plant and equipment and capitalized commission assets	(144,007)		(144,782)
Lease obligations	4,812		4,690
ECL provision on trade receivables	17,238		21,887
Other	10,661		13,005
Deferred tax assets	60,919		58,383
Deferred revenue	4,856		540
Property, plant and equipment and capitalized commission assets	25,233		27,059
Tax losses	8,795		19,710
Lease obligations	2,903		1,303
ECL provision on trade receivables	8,890		3,953
Other	10,242		5,818
Total net deferred tax assets	9,025		11,320
Reconciliation of deferred tax assets/(liabilities)
At March 1	11,320	$ 11,320	5,022
Acquisition of subsidiaries			(13,386)
Increase in deferred revenue temporary differences	5,417		13,912
Decrease in property, plant and equipment and capitalized commission assets temporary differences	(469)		(23,479)
(Decrease)/increase in tax losses temporary differences	(13,076)		8,887
Increase/(decrease) in lease obligation temporary differences	1,659		(6,365)
(Decrease)/increase in ECL provision on trade receivables temporary differences	(430)		13,855
Increase in other temporary differences	1,504		12,954
Translation adjustments	3,100		(80)
At February 28 (in Dollars)		$ 9,025	11,320
Reconciliation of deferred tax balances
At March 1	11,320		5,022
Acquisition of subsidiaries			(13,386)
(Charge)/credit to income statement	(17,229)		19,764
Others	14,570
Translation adjustments	R 364		R (80)

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule Of Inventories [Abstract]
Vehicles	R 75,843	R 25,369
Other consumables	3,316
Total inventories	79,159	25,369
Inventories recognized as an expense in cost of sales	R 218,847	R 59,213

Trade and Other Receivables a_3

Trade and Other Receivables and Prepayments (Details)	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Trade and Other Receivables and Prepayments [Abstract]
Recognized loss allowance	100%	100%
Average term of finance leases	5 years

Trade and Other Receivables a_4

Trade and Other Receivables and Prepayments (Details) - Schedule of detailed information about trade and other receivables and prepayments - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule of Detailed Information About Trade and Other Receivables and Prepayments [Abstract]
Amounts due from related parties		R 2,515
Trade receivables	485,740	448,212
Expected credit loss provision	(149,541)	(161,683)
Total trade receivables	336,199	289,044
Other receivables
Deposits	11,811	6,386
Sundry debtors	24,739	9,131
Finance lease receivables	21,403
Subtotal	394,152	304,561
Prepayments	32,387	28,964
Other taxes	7,367	10,083
Total trade and other receivables and prepayments	433,906	343,608
Non-current	24,715	9,722
Current	409,191	333,886
Total non-current	R 433,906	R 343,608

Trade and Other Receivables a_5

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. 28, 2023	Feb. 28, 2022
Schedule of Reconciliation of the Expected Credit Loss Provision Recognized With Regard to Trade and Other Receivables [Abstract]
Beginning balance	R (161,683)	R (101,066)
Allowance for expected credit losses, net	(87,541)	(88,482)
Amounts utilized	105,921	26,896
Translation adjustments	(6,238)	969
Ending balance	R (149,541)	R (161,683)

Trade and Other Receivables a_6

Trade and Other Receivables and Prepayments (Details) - Schedule of maturity analysis of the undiscounted lease payments to be received R in Thousands	12 Months Ended
	Feb. 28, 2023 ZAR (R)
Maturities analysis
within one year	R 4,078
within two to four years	14,525
over four years	2,800
Present value of lease payments	21,403
Non-current asset	17,325
Current asset	4,078
Total non-current asset	R 21,403

Loans to_(From) Related Parti_3

Loans to/(From) Related Parties (Details) - Schedule of loans to related parties - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022
Non-current assets
Loans to related party	R 25,800	R 19,400
Current liabilities
Loans from related parties	R (607)	R (2,134)

Cash and Cash Equivalents and_3

Cash and Cash Equivalents and Bank Overdraft (Details) - Schedule of cash and cash equivalents and bank overdraft - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022
Schedule of Cash and Cash Equivalents and Bank Overdraft [Abstract]
Cash on hand	R 398	R 2,175
Bank balances	318,630	717,935
Short-term deposits	646,762	11,638
Cash and cash equivalents in the consolidated statement of financial position	965,790	731,748
Bank overdrafts	(40)	(13,722)
Cash and cash equivalents in the consolidated statement of cash flows	965,750	718,026
Current assets	965,790	731,748
Current liabilities	(40)	(13,722)
Total cash and cash equivalents	R 965,750	R 718,026

Other Financial Assets (Details

Other Financial Assets (Details) - Schedule of other financial assets - ZAR (R) R in Thousands		Feb. 28, 2023	Feb. 28, 2022
Non-current assets
Derivative – call option	[1]	R 388	R 1,359
Current assets
Derivative – put option	[2]		15,305
Total		R 388	R 16,664
[1] Relates to the acquisition of Picup. See Note 28 for details. Relates to the put option agreement entered with ultimate controlling shareholder to grant the Group the right to sell all its interest in Picup. The put option expired on August 31, 2022. As this is a transaction with owner, the fair value and subsequent changes fair value of the put option is recognized directly against retained earnings.

Share Capital (Details)

Share Capital (Details) - shares	1 Months Ended			12 Months Ended
	Apr. 30, 2021	Apr. 21, 2021	Nov. 18, 2020	Feb. 28, 2022
Share Capital (Details) [Line Items]
Number of ordinary shares issue increase	20,332,894		20,332,894
Issued additional shares	1,207,500
Other ordinary shares issued		9,410,712
Bottom of range [member]
Share Capital (Details) [Line Items]
Company’s authorized shares				20,332,894
Top of range [member]
Share Capital (Details) [Line Items]
Number of ordinary shares issue increase				30,951,106

Share Capital (Details) - Sched

Share Capital (Details) - Schedule of share capital - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022
Schedule Of Share Capital Abstract
Issued and fully paid 30,951,106 (2022: 30,951,106) ordinary shares of no par value	R 7,142,853	R 7,142,853

Share Capital (Details) - Sch_2

Share Capital (Details) - Schedule of share capital (Parentheticals) - shares	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule Of Share Capital Abstract
Issued and fully paid ordinary shares of no par value	30,951,106	30,951,106

Term Loans (Details) - Schedule

Term Loans (Details) - Schedule of financial liabilities - ZAR (R) R in Thousands		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022
Non-current liabilities
Total term loans		R 59,947	R 89,350
Interest Bearing Loans [Member] | EUR [Member]
Non-current liabilities
Interest rate		EURIBOR + 3%
Maturity		December 2023
Total term loans		R 5,497	5,235
Current Liabilities [Member]
Non-current liabilities
Total term loans		21,643	18,156
Noncurrent Liabilities [Member] | Mortgaged Bonds [Member]
Non-current liabilities
Total term loans		R 38,304	71,194
ZAR [Member] | Interest Bearing Loans [Member]
Non-current liabilities
Interest rate	[1]	JIBAR + 2.05%
Maturity	[1]	February 2024
Total term loans	[1]		20,003
ZAR [Member] | Interest Bearing Loans One [Member]
Non-current liabilities
Interest rate		7.25%
Maturity		February 2025
Total term loans		R 504
ZAR [Member] | Mortgaged Bonds [Member]
Non-current liabilities
Interest rate		Prime rate + 1.15%
Maturity		December 2025
Total term loans		R 37,557	46,167
ZAR [Member] | Mortgaged Bonds One [Member]
Non-current liabilities
Interest rate		Prime rate +1.15%
Maturity		December 2025
Total term loans		R 16,146	12,921
EUR [Member] | Interest Bearing Loans Two [Member]
Non-current liabilities
Interest rate		EURIBOR + 3%
Maturity		December 2023
Total term loans		R 243	R 5,024
[1] The ZAR interest-bearing loans were fully repaid on December 8, 2022.

Term Loans (Details) - Schedu_2

Term Loans (Details) - Schedule of reconciliation of movement of liabilities to cash flows arising from financing activities - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Term Loans (Details) - Schedule of reconciliation of movement of liabilities to cash flows arising from financing activities [Line Items]
Beginning balance	R 203,562	R 1,006,591
Ending balance	181,281	203,562
Changes from financing cash flows	(88,774)	(883,912)
Proceeds from borrowings	817	110,000
Repayment of related parties loans	(1,940)	(845,003)
Repayment of term loans	(31,034)	(101,708)
Payment of lease liabilities	(56,617)	(47,201)
Acquisition of a subsidiary		66,047
The effect of changes in foreign exchange rates	6,921	(46,638)
Other changes	59,572	61,474
Interest paid	(8,996)	(12,296)
New leases	59,572	63,204
Interest expense	8,996	10,566
Loans from related parties [Member]
Term Loans (Details) - Schedule of reconciliation of movement of liabilities to cash flows arising from financing activities [Line Items]
Beginning balance	2,134	891,977
Ending balance	607	2,134
Changes from financing cash flows	(1,625)	(845,003)
Proceeds from borrowings	315
Repayment of related parties loans	(1,940)	(845,003)
Repayment of term loans
Payment of lease liabilities
Acquisition of a subsidiary
The effect of changes in foreign exchange rates	98	(43,110)
Other changes		(1,730)
Interest paid		(1,730)
New leases
Interest expense
Other loans and borrowings [Member]
Term Loans (Details) - Schedule of reconciliation of movement of liabilities to cash flows arising from financing activities [Line Items]
Beginning balance	89,350	15,930
Ending balance	59,947	89,350
Changes from financing cash flows	(30,532)	8,292
Proceeds from borrowings	502	110,000
Repayment of related parties loans
Repayment of term loans	(31,034)	(101,708)
Payment of lease liabilities
Acquisition of a subsidiary		66,047
The effect of changes in foreign exchange rates	1,129	(919)
Other changes
Interest paid	(797)	(4,317)
New leases
Interest expense	797	4,317
Lease liabilities [member]
Term Loans (Details) - Schedule of reconciliation of movement of liabilities to cash flows arising from financing activities [Line Items]
Beginning balance	112,078	98,684
Ending balance	120,727	112,078
Changes from financing cash flows	(56,617)	(47,201)
Proceeds from borrowings
Repayment of related parties loans
Repayment of term loans
Payment of lease liabilities	(56,617)	(47,201)
Acquisition of a subsidiary
The effect of changes in foreign exchange rates	5,694	(2,609)
Other changes	59,572	63,204
Interest paid	(8,199)	(6,249)
New leases	59,572	63,204
Interest expense	R 8,199	R 6,249

Lease Liabilities (Details)

Lease Liabilities (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Lease Liabilities (Details) [Line Items]
Total cash outflows for leases	R 64.8	R 53.5	R 52.3
Lease payments	R 6.2	R 8.2	R 11.2
Minimum [Member]
Lease Liabilities (Details) [Line Items]
Average term	3 years
Maximum [Member]
Lease Liabilities (Details) [Line Items]
Average term	4 years

Lease Liabilities (Details) - S

Lease Liabilities (Details) - Schedule of lease liabilities - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Maturities analysis
– within one year	R 52,843	R 47,294
– within two to four years	57,930	56,868
– over four years	9,954	7,916
Present value of lease payments	120,727	112,078
Non-current liabilities	67,882	64,784
Current liabilities	52,845	47,294
Total liabilities	R 120,727	R 112,078

Deferred Revenue (Details) - Sc

Deferred Revenue (Details) - Schedule of deferred revenue - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule Of Deferred Revenue Abstract
Beginning balance	R 326,404	R 246,765
Acquisition of subsidiary		2,678
Amounts deferred in current financial year	353,719	355,873
Amounts released to revenue in the current financial year	(304,541)	(277,939)
Translation adjustments	20,285	(973)
Ending balance	395,867	326,404
Non-current liabilities	112,185	108,256
Current liabilities	283,682	218,148
Total	R 395,867	R 326,404

Deferred Revenue (Details) - _2

Deferred Revenue (Details) - Schedule of estimated revenue expected to be recognized in the future related to performance obligations - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022
Maturities analysis
– within one year	R 283,682	R 218,148
– within two to four years	107,558	103,026
– over four years	4,627	5,230
Present value of amounts received in advance	R 395,867	R 326,404

Trade and Other Payables (Detai

Trade and Other Payables (Details) - Schedule of trade and other payables - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Trade payables
Amounts due to related parties	R 13,081	R 8,963
Trade payables	137,400	90,387
Accrued expenses	121,784	115,198
Trade payables total	272,265	214,548
Other payables
Sundry creditors	22,918	14,754
Other taxes	44,566	30,896
Dividend payable to NCI	34,298	21,668
Other payables total	R 374,047	R 281,866

Revenue (Details)

Revenue (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Revenue [Abstract]
Revenue	R 105.6	R 96.1	R 98.6

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of disaggregation of revenue from contracts with customers - ZAR (R) R in Thousands		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Revenue from contracts with customers
Subscription revenue - Cartrack		R 3,003,931	R 2,565,745	R 2,209,017
Subscription revenue - Karooooo Logistics		6,141	2,420
Other revenue - Cartrack
Hardware sales		29,685	37,435	45,280
Installation revenue		29,278	21,321	20,511
Miscellaneous contract fees		13,746	12,299	15,735
Vehicle sales		250,845	67,310
Delivery service fees		173,441	39,621
Total revenue		3,507,067	2,746,151	2,290,543
South Africa [Member]
Primary geographical markets
Primary geographical markets		2,730,401	2,123,153	1,681,928
Africa-Other [Member]
Primary geographical markets
Primary geographical markets		131,077	101,019	105,895
Europe [Member]
Primary geographical markets
Primary geographical markets		257,078	229,671	219,866
Asia-Pacific, Middle East and USA [Member]
Primary geographical markets
Primary geographical markets	[1]	388,511	292,308	282,854
Primary geographical markets [Member]
Primary geographical markets
Primary geographical markets		3,507,067	2,746,151	2,290,543
Products and services transferred at a point in time [Member]
Timing of revenue recognition
Timing of revenue recognition		323,554	177,986	81,526
Services transferred over time [Member]
Timing of revenue recognition
Timing of revenue recognition		3,183,513	2,568,165	2,209,017
Total Revenue [Member]
Timing of revenue recognition
Timing of revenue recognition		R 3,507,067	R 2,746,151	R 2,290,543
[1] Included in Asia-Pacific is revenue from Singapore amounted to ZAR 105.6 million (2022: ZAR 96.1 million, 2021: ZAR 98.6 million).

Operating Profit (Details)

Operating Profit (Details) - ZAR (R) R in Millions	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Operating Profit [Abstract]
Offsetting government grant		R 6.7	R 16.7

Operating Profit (Details) - Sc

Operating Profit (Details) - Schedule of operating profit - ZAR (R) R in Thousands		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Operating profit is stated after accounting for the following charges:
Depreciation of property, plant and equipment		R 493,788	R 458,281	R 372,936
Amortization of capitalized commission assets		64,707	64,566	46,957
Amortization of intangible assets		51,143	39,078	25,856
Employee benefits expense	[1]	865,831	720,606	396,369
Defined contribution plan		R 44,681	R 26,534	R 21,742
[1] After offsetting government grant received ZAR nil

Finance Income (Details) - Sche

Finance Income (Details) - Schedule of finance income - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of Finance Income [Abstract]
Interest income from bank balances	R 23,255	R 6,083	R 4,358

Finance Costs (Details) - Sched

Finance Costs (Details) - Schedule of finance costs - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of Finance Costs [Abstract]
Lease liabilities	R 8,199	R 6,249	R 5,588
Term loans	797	4,317	2,711
Overdraft	291	794	870
Others	808	971	133
Total	R 10,095	R 12,331	R 9,302

Taxation (Details) - Schedule o

Taxation (Details) - Schedule of taxation - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Current tax
Current year	R 250,606	R 208,141	R 160,751
Prior year	(4,671)	8,573	5,725
Other – Securities Transfer tax			200
Total current taxation	245,935	216,714	166,676
Deferred tax
Current year	15,972	(16,370)	36,184
Prior year	1,257	(3,394)	(19,188)
Total deferred taxation	17,229	(19,764)	16,996
Withholding tax	22,134	8,526	14,956
Total tax expense	285,298	205,476	198,628
Reconciliation between accounting profit and tax expense:
Profit before taxation	894,104	682,083	696,048
Tax at the applicable tax rate of 17% 1 (2021: 17%1, 2020: 28%)	151,998	115,954	118,328
Effect of different tax rates in foreign jurisdictions	91,841	66,257	71,122
Taxation effect of adjustments on taxable income:
Utilization of previously unrecognized tax losses	(2,239)	(982)	(1,332)
Tax incentive	(5,975)	(2,709)	(5,827)
Income not subject to tax	(4,184)	(270)	(219)
Non-deductible expenses	20,789	12,556	12,072
Recognition of previously unrecognized tax losses	(1,794)	(2,060)
Current year losses for which no deferred tax asset is recognized	14,085	1,040	2,791
Withholding tax	22,134	8,526	14,956
Securities transfer tax			200
Prior year tax under/(over) provision	(3,414)	5,179	(13,463)
Tax effect of deferred tax on decrease in tax rate	(594)
Others	2,651	1,985		[1]
Total tax expense	R 285,298	R 205,476	R 198,628
[1] This is the corporate tax rate in Singapore.

Taxation (Details) - Schedule_2

Taxation (Details) - Schedule of taxation (Parentheticals)	12 Months Ended
	Feb. 28, 2023		Feb. 28, 2022		Feb. 28, 2021
Schedule of Taxation Paid [Abstract]
Applicable tax rate	17%	[1]	17%	[1]	28%
[1] This is the corporate tax rate in Singapore.

Taxation Paid (Details) - Sched

Taxation Paid (Details) - Schedule of taxation paid - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of Taxation Paid [Abstract]
Balance payable at beginning of the year	R (32,100)	R (10,203)	R (16,458)
Acquisition of subsidiary		477
Current tax for the year recognized in profit or loss	(268,069)	(225,240)	(181,632)
Translation adjustments	(3,821)	341
Balance payable at end of the year	47,369	32,100	10,203
Taxation paid	R (256,621)	R (202,525)	R (187,887)

Dividends Paid (Details) - Sche

Dividends Paid (Details) - Schedule of dividend paid - ZAR (R) R / shares in Units, R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Dividend paid by the Company to owner of the Company	R (331,252)		R (272,235)
Dividend paid by subsidiaries to NCI			(145,859)
Total dividend paid	R (331,252)		R (418,094)
Interim Dividend [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Dividend per share (in Rand per share)	R 10.7		R 104,385
Dividend	R 331,252		R 104,385
Final Dividend [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Dividend per share (in Rand per share)			R 8.26
Dividend			R 167,850
Total Dividend [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Dividend	R 331,252		R 272,235
Cartrack Holdings Proprietary Limited [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Subsidiary per share (in Rand per share)			R 0.54
Subsidiary			R 51,536
Cartrack Holdings Proprietary Limited [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Subsidiary per share (in Rand per share)			R 0.87
Subsidiary			R 83,030
Cartrack Limitada [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Subsidiary per share (in Rand per share)			R 5.68
Subsidiary			R 9,090
Found Proprietary Limited [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Subsidiary per share (in Rand per share)			R 20,000
Subsidiary			R 1,020
Cartrack Polska.Sp.zo.o [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Subsidiary per share (in Rand per share)			R 119,019.27
Subsidiary			R 1,183
Total Subsidiary [Member]
Dividends Paid (Details) - Schedule of dividend paid [Line Items]
Subsidiary			R 145,859

Interest in Subsidiaries (Detai

Interest in Subsidiaries (Details)	12 Months Ended
	Feb. 28, 2023
Maximum [Member]
Interest in Subsidiaries (Details) [Line Items]
Share capital percentage	90%
Minimum [Member]
Interest in Subsidiaries (Details) [Line Items]
Share capital percentage	10%
Picup Technologies Proprietary Limited [Member]
Interest in Subsidiaries (Details) [Line Items]
Description of disposal	On September 1, 2021, Cartrack Holdings (Pty) Ltd acquired 70.1% of the shares and voting interests in Picup Technologies Proprietary Limited for a consideration of ZAR 70.1 million (see Note 28).
Cartrack Tanzania Limited [Member]
Interest in Subsidiaries (Details) [Line Items]
Description of disposal	On September 24, 2021, Cartrack Technologies Pte. Limited acquired 49% of the shares and voting interest in Cartrack Technologies PHL. INC., for a cash consideration of PHP 9.2 million. As a result, the equity interest in Cartrack Technologies PHL. INC. increased from 51% to 100%.
Purple rain Properties No.444 Proprietary Limited [Member]
Interest in Subsidiaries (Details) [Line Items]
Business combination, description	On February 28, 2022, Cartrack acquired 100% of the shares and voting interests in Purple Rain Properties No. 444 Proprietary Limited for a consideration of ZAR 100 (see Note 28).
Karooooo Kenya Limited [Member]
Interest in Subsidiaries (Details) [Line Items]
Business combination, description	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.

Interest in Subsidiaries (Det_2

Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group		12 Months Ended
		Feb. 28, 2023	Feb. 28, 2022
Cartrack Holdings Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[1]	Karooooo Ltd
Country of incorporation	[1]	South Africa
% holding	[1]	100%	100%
Carzuka.com Pte Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Karooooo Ltd
Country of incorporation	[2]	Singapore
% holding	[2]	100%	100%
Karooooo Management Company Pte. Ltd. [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Karooooo Ltd
Country of incorporation		Singapore
% holding		100%	100%
Karooooo Software Pte. Ltd. [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Karooooo Ltd
Country of incorporation		Singapore
% holding		100%	100%
Karooooo Proprietary Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Karooooo Ltd
Country of incorporation		South Africa
% holding		100%	100%
Karooooo Cartrack Limited 11 [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[3]	Karooooo Ltd
Country of incorporation	[3]	Uganda
% holding	[3]	100%
Cartrack (Cambodia) Co. Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Karooooo Management Company Pte. Ltd.
Country of incorporation		Cambodia
% holding		100%
Carzuka Pte Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Carzuka.com Pte. Ltd.
Country of incorporation	[2]	Singapore
% holding	[2]	100%	100%
Karooooo Technologies Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[4]	Karooooo Proprietary Ltd
Country of incorporation	[4]	South Africa
% holding	[4]	100%	100%
Cartrack Management Services Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		South Africa
% holding		100%	100%
Cartrack Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		South Africa
% holding		100%	100%
Cartrack Manufacturing Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		South Africa
% holding		100%	100%
Cartrack Insurance Agency Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[5]	Cartrack Holdings Proprietary Limited
Country of incorporation	[5]	South Africa
% holding	[5]	100%	100%
Cartrack Namibia Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		Namibia
% holding		100%	100%
Cartrack Technologies Pte. Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		Singapore
% holding		100%	100%
Carzuka Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		South Africa
% holding		100%	100%
Purple rain Properties No.444 Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Holdings Proprietary Limited
Country of incorporation		South Africa
% holding		100%	100%
Karooooo Logistics (Pty) Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[6]	Cartrack Holdings Proprietary Limited
Country of incorporation	[6]	South Africa
% holding	[6]	70.10%	70.10%
Cartrack Telematics Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[7]	Cartrack Proprietary Limited
Country of incorporation	[7]	South Africa
% holding	[7]	49%	49%
CTK Shell 1 (Pty) Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2],[8]	Cartrack Proprietary Limited
Country of incorporation	[2]	South Africa
% holding	[2]	100%	100%
Karu Holdings Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Proprietary Limited
Country of incorporation		South Africa
% holding		100%	100%
Combined Telematics Services Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2],[7]	Cartrack Proprietary Limited
Country of incorporation	[2]	South Africa
% holding	[2]	49%	49%
CTK Shell 2 (Pty) Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2],[9]	Cartrack Proprietary Limited
Country of incorporation	[2]	South Africa
% holding	[2]	100%	100%
Cartrack Tanzania Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Tanzania
% holding		100%	100%
Karooooo Kenya Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2],[7],[10]	Cartrack Technologies Pte. Limited
Country of incorporation	[10]	Kenya
% holding	[10]	70%	100%
Cartrack Engineering Technologies Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Nigeria
% holding		100%	100%
PT. Cartrack Technologies Indonesia [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Indonesia
% holding		100%	100%
Cartrack Investments UK Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Cartrack Technologies Pte. Limited
Country of incorporation	[2]	United Kingdom
% holding	[2]	100%	100%
Cartrack Technologies (China) Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Hong Kong
% holding		100%	100%
Cartrack Malaysia SDN.BHD [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Malaysia
% holding		100%	100%
Cartrack Technologies LLC [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		U.A.E
% holding		100%	100%
Cartrack Technologies PHL.INC [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Philippines
% holding		100%	100%
Cartrack Technologies South East Asia Pte. Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Singapore
% holding		100%	100%
Cartrack Ireland Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Republic of Ireland
% holding		100%	100%
Cartrack Technologies (Thailand) Company Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Thailand
% holding		100%	100%
Cartrack New Zealand Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		New Zealand
% holding		51%	51%
Cartrack (Australia) Proprietary Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies Pte. Limited
Country of incorporation		Australia
% holding		100%	100%
Cartrack Technologies Zambia Limited [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Cartrack Technologies Pte. Limited
Country of incorporation	[2]	Zambia
% holding	[2]	100%	100%
Cartrack (Mauritius) Ltd [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Cartrack Technologies Pte. Limited
Country of incorporation	[2]	Mauritius
% holding	[2]	100%	100%
Cartrack Vietnam Limited Liability Company [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Cartrack Technologies Pte. Limited
Country of incorporation	[2]	Vietnam
% holding	[2]	100%	100%
Cartrack INC. [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Ireland Limited
Country of incorporation		U.S.A
% holding		100%	100%
Cartrack Polska.Sp.zo.o [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Ireland Limited
Country of incorporation		Poland
% holding		90.90%	90.90%
Cartrack Portugal S.A.[Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Ireland Limited
Country of incorporation		Portugal
% holding		100%	100%
Cartrack Espana. S.L.U.[Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Ireland Limited
Country of incorporation		Spain
% holding		100%	100%
Karu.Com. Unipessoal. Lda [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Portugal S.A.
Country of incorporation		Portugal
% holding		100%	100%
Cartrack France SAS {Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[11]	Cartrack Portugal S.A.
Country of incorporation	[11]	France
% holding	[11]		100%
Cartrack Limitada [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[7]	Cartrack Technologies LLC
Country of incorporation	[7]	Mozambique
% holding	[7]	50%	50%
Auto Club LDA [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by		Cartrack Technologies LLC
Country of incorporation		Mozambique
% holding		80%	80%
Cartrack for Information Technology Company [Member]
Interest in Subsidiaries (Details) - Schedule of following table lists the entities which are controlled by the group [Line Items]
Held by	[2]	Cartrack Technologies LLC
Country of incorporation	[2]	Kingdom of Saudi Arabia
% holding	[2]	51%
[1] Previously known as Cartrack Holdings Limited Dormant 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. Previously known as Cartrack Technologies Proprietary Limited Previously known as Drive and Save Proprietary Limited Previously known as Picup Technologies Proprietary Limited 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. Previously known as Veraspan Proprietary Limited Previously known as Zonke Bonke Telecoms Proprietary Limited Previously known as Retriever Limited Liquidated on May 19, 2022

Acquisition of Subsidiary (Deta

Acquisition of Subsidiary (Details) - ZAR (R) R in Thousands		12 Months Ended
	Sep. 01, 2021	Feb. 28, 2023	Feb. 28, 2022
Acquisition of Subsidiary (Details) [Line Items]
Acquisition of subsidiary, description	the Group acquired 70.1% of the shares and voting interests in Picup, for a consideration of ZAR 70.1 million, recognizing a goodwill of ZAR 58.3 million. The principal activity of Picup is that of providing a technology platform focused on last mile delivery.From the date of acquisition to February 28, 2022, Picup contributed revenue of ZAR 42.0 million and net loss of ZAR 2.1 million to the Group’s results. If the acquisition had occurred on March 1, 2021, management estimates the contribution to the Group’s revenue and net loss would have been ZAR 68.9 million and ZAR 10.6 million respectively.
Intangible assets		R 13,400
Picup Technoligies Proprietary Limited [Member]
Acquisition of Subsidiary (Details) [Line Items]
Trade and other receivable		R 11,000
Voting interest rate		13%
Purple rain Properties No.444 Proprietary Limited [Member]
Acquisition of Subsidiary (Details) [Line Items]
Voting interest rate			100%
Total consideration amount			R 100

Acquisition of Subsidiary (De_2

Acquisition of Subsidiary (Details) - Schedule of net assets and the cash outflows on the acquisition R in Thousands	12 Months Ended
	Feb. 28, 2022 ZAR (R)
Picup Technologies Proprietary Limited [Member]
Schedule of Net Assets and the Cash Outflows on the Acquisition [Abstract]
Intangible assets	R 13,385	[1]
Other non-current assets	5,055
Cash and cash equivalents	2,140
Other current assets (excluding cash and cash equivalents)	11,090
Non-current liabilities	(13,478)
Current liabilities	(3,967)
Net identifiable assets acquired	14,225
Add: Goodwill	58,314
Add: Other financial asset	1,865	[2]
Less: NCI based on proportionate interest	(4,253)
Cash consideration transferred for the business	70,151
Less: cash and cash equivalents acquired	(2,140)
Net outflow of cash	68,011
Purple Rain Properties No.444 Proprietary Limited [Member]
Schedule of Net Assets and the Cash Outflows on the Acquisition [Abstract]
Cash and cash equivalents	1,404
Other current assets (excluding cash and cash equivalents)	1,476
Term loans	(59,088)
Other non-current liabilities	(14,387)
Current liabilities	(1,167)
Net identifiable assets acquired	42,404
Settlement of amounts due from Purple Rain	(42,404)
Cash consideration transferred for acquisition of asset		[3]
Less: cash and cash equivalents acquired	(1,404)
Net inflow of cash	(1,404)
Property, plant and equipment	R 114,166
[1] The intangible assets comprised of computer software, trade name and customer relationships estimated at ZAR 13.4 million. The computer software was valued based on replacement cost following review of the useful life. In measuring the fair value of the trade name and customer-related intangibles, relief-from-royalty method and multi-period excess earnings method were used. The relief-from-royalty method considers the discounted estimated royalty payments that are expected to be avoided as a result of the technical know-how being owned. The multi-period excess earnings method considers the present value of net cash flows expected to be generated by the customer relationships, by excluding any cash flows related to contributory assets. This relates to a call option agreement with the non-controlling shareholders of Picup to acquire additional 13% interest in Karooooo Logistics. The option is exercisable from September 1, 2024 and expires on February 29, 2028. The value of the call option as of February 28, 2023 is disclosed in Note 14. Amount is less than a thousand Rand.

Material Non-Controlling Inte_3

Material Non-Controlling Interest (Details) - ZAR (R) R in Millions	1 Months Ended	12 Months Ended
	Apr. 21, 2021	Feb. 28, 2023	Feb. 28, 2022
Material Non-Controlling Interest (Details) [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 (Details) [Line Items]
Ownership percentage	68.10%
Top of Range [Member]
Material Non-Controlling Interest (Details) [Line Items]
Ownership percentage	100%

Material Non-Controlling Inte_4

Material Non-Controlling Interest (Details) - Schedule of information relating to the group’s subsidiary material NCI - Cartrack Holdings Proprietary Limited [Member] R in Thousands	12 Months Ended
	Feb. 28, 2021 ZAR (R)
Material Non-Controlling Interest (Details) - Schedule of information relating to the group’s subsidiary material NCI [Line Items]
NCI percentage	31.90%
Principal place of business	South Africa
Revenue	R 2,290,543
Profit for the year after tax	542,338
Other comprehensive income	(12,942)
Total comprehensive income	529,396
Profit attributable to NCI	179,237
Other comprehensive income attributable to NCI	(8,094)
Total comprehensive income attributable to NCI	171,143
Non-current assets	1,588,204
Current assets	453,576
Current liabilities	(533,914)
Non-current liabilities	(198,430)
Net assets	1,309,436
Net assets attributable to NCI	427,133
Cash flows from operating activities	955,309
Cash flows from investing activities	(517,691)
Cash flows from financing activities	(500,629)
Net decrease in cash and cash equivalents	(63,011)
Dividends paid to NCI	R (145,859)

Related Parties (Details) - Sch

Related Parties (Details) - Schedule of transaction with related parties - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of Transaction With Related Parties [Abstract]
Sales to related parties	R (20,139)	R (28,915)	R (24,901)
Purchases from related parties	92,520	98,032	54,470
Rent paid to related parties	6,121	13,697	18,260
Interest paid to related party			R 2,048

Risk Management (Details)

Risk Management (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Risk Management [Abstract]
Cash and cash equivalents (in Rand)	R 965.8	R 731.7
Exchange rate sensitivity, percentage	10%
S.A attracts interest rate	3%
Interest at rate	2.05%
Interest rate percentage	1.15%
Factor interest rate	1%

Risk Management (Details) - Sch

Risk Management (Details) - Schedule of expected credit losses on financial assets recognized in profit or loss - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of expected credit losses on financial assets recognized in profit or loss [Abstract]
Expected credit loss provision on trade receivables arising from contracts with customers	R 87,541	R 88,482	R 80,842

Risk Management (Details) - S_2

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. 28, 2023	Feb. 28, 2022
Schedule of provides information about the expected credit loss rate for trade receivables by ageing category [Abstract]
Expected credit loss rate	31%	36%
Gross carrying amount	R 485,740	R 450,727
Impairment loss allowance	R 149,541	R 161,683
Since invoicing [Member]
Schedule of provides information about the expected credit loss rate for trade receivables by ageing category [Abstract]
Expected credit loss rate	7%	7%
Gross carrying amount	R 195,058	R 148,625
Impairment loss allowance	R 13,177	R 10,139
1 month since invoicing date [Member]
Schedule of provides information about the expected credit loss rate for trade receivables by ageing category [Abstract]
Expected credit loss rate	18%	14%
Gross carrying amount	R 51,655	R 47,681
Impairment loss allowance	R 9,434	R 6,661
2 months since invoicing date [Member]
Schedule of provides information about the expected credit loss rate for trade receivables by ageing category [Abstract]
Expected credit loss rate	25%	22%
Gross carrying amount	R 29,777	R 26,329
Impairment loss allowance	R 7,328	R 5,729
3 months since invoicing date [Member]
Schedule of provides information about the expected credit loss rate for trade receivables by ageing category [Abstract]
Expected credit loss rate	57%	61%
Gross carrying amount	R 209,250	R 228,092
Impairment loss allowance	R 119,602	R 139,154

Risk Management (Details) - S_3

Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments [Line Items]
Term loans	R 73,692	R 100,266
Lease obligations	130,500	124,045
Trade and other payables	329,481	250,970
Loans from related parties	607	2,134
Bank overdraft	40	13,722
Less than 1 year [Member]
Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments [Line Items]
Term loans	21,993	22,408
Lease obligations	56,511	50,821
Trade and other payables	329,481	250,970
Loans from related parties	607	2,134
Bank overdraft	40	13,722
2 years [Member]
Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments [Line Items]
Term loans	18,352	43,884
Lease obligations	37,454	42,853
Trade and other payables
Loans from related parties
Bank overdraft
3 years [Member]
Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments [Line Items]
Term loans	17,596	17,938
Lease obligations	15,084	17,305
Trade and other payables
Loans from related parties
Bank overdraft
4 years [Member]
Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments [Line Items]
Term loans	15,751	16,036
Lease obligations	11,180	4,733
Trade and other payables
Loans from related parties
Bank overdraft
>5 years [Member]
Risk Management (Details) - Schedule of contractual undiscounted cash flows and contractual interest payments [Line Items]
Term loans
Lease obligations	10,271	8,333
Trade and other payables
Loans from related parties
Bank overdraft

Risk Management (Details) - S_4

Risk Management (Details) - Schedule of currency risk € in Thousands, $ in Thousands, $ in Thousands	Feb. 28, 2023 USD ($)	Feb. 28, 2023 EUR (€)	Feb. 28, 2023 SGD ($)	Feb. 28, 2022 USD ($)	Feb. 28, 2022 EUR (€)	Feb. 28, 2022 SGD ($)
Schedule of currency risk [Abstract]
Trade and other receivables	$ 104,583	€ 40	$ 433	$ 62,247	€ 228
Loan from related parties	114,186	80,342		86,159	71,994	32,085
Loan to related parties	(229,229)		(20,040)	(112,334)		(7,227)
Cash and cash equivalents	61,780	2,337	560	144,173	9,618	1,880
Trade and other payables	(50,581)	(5,846)	(8,135)	(53,609)	(5,286)	(2,299)
Total exposure to currency risk	$ 739	€ 76,873	$ (27,182)	$ 126,636	€ 76,554	$ 24,439

Risk Management (Details) - S_5

Risk Management (Details) - Schedule of a factor change of 10% has been applied to the exchange rates - ZAR (R) R in Thousands	Feb. 28, 2023	Feb. 28, 2022
Schedule of a factor change of 10% has been applied to the exchange rates [Abstract]
Total strengthening	R (5,043)	R (22,763)
Total weakening	5,043	22,763
USD [Member]
Schedule of a factor change of 10% has been applied to the exchange rates [Abstract]
Total strengthening	(74)	(12,664)
Total weakening	74	12,664
EUR [Member]
Schedule of a factor change of 10% has been applied to the exchange rates [Abstract]
Total strengthening	(7,687)	(7,655)
Total weakening	7,687	7,655
SGD [Member]
Schedule of a factor change of 10% has been applied to the exchange rates [Abstract]
Total strengthening	2,718	(2,444)
Total weakening	R (2,718)	R 2,444

Risk Management (Details) - S_6

Risk Management (Details) - Schedule of a factor of 1% has been applied to the interest rates - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Schedule of a factor of 1% has been applied to the interest rates [Abstract]
Effect on profit before tax (1% increase)	R (599)	R (893)
Effect on profit before tax (1% decrease)	R 599	R 893

Analysis of Assets and Liabil_3

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. 28, 2023	Feb. 28, 2022
Loans from related parties [Member]
Financial assets (at fair value)
Financial liabilities	R 607	R 2,134
Trade and other payables (excludes other taxes) [Member]
Financial assets (at fair value)
Financial liabilities	329,481	250,970
Term loans [Member]
Financial assets (at fair value)
Financial liabilities	59,947	89,350
Bank overdraft [Member]
Financial assets (at fair value)
Financial liabilities	40	13,722
Total financial liabilities (other financial liabilities) [Member]
Financial assets (at fair value)
Financial liabilities	390,075	356,176
Loans to related party [Member]
Financial assets (at amortized cost)
Financial assets	25,800	19,400
Trade and other receivables (excludes prepayments and other taxes) [Member]
Financial assets (at amortized cost)
Financial assets	376,827	304,561
Cash and cash equivalents [Member]
Financial assets (at amortized cost)
Financial assets	965,790	731,748
Total financial assets (at amortized cost) [Member]
Financial assets (at amortized cost)
Financial assets	1,368,417	1,055,709
Other Financial asset [Member]
Financial assets (at fair value)
Other financial assets	R 388	R 16,664

Fair value of Assets and liab_3

Fair value of Assets and liabilities (Details) - Schedule of loans to related party R in Thousands	Feb. 28, 2023 ZAR (R)
Schedule Of Loans To Related Party Abstract
Carrying amount, Loans to related party	R 25,800
Aggregate fair value, Loans to related party	R 24,112

Directors and Key Management _3

Directors and Key Management Personnel Emoluments (Details) - Schedule of directors and key management personnel emoluments - ZAR (R) R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule of Directors and Key Management Personnel Emoluments [Abstract]
Short-term employee benefits	R 16,557	R 13,109	R 27,775
Post-employment benefits	378	276	590
Total directors and key management personnel emoluments	R 16,935	R 13,385	R 28,365

Basic and Diluted Earnings Pe_3

Basic and Diluted Earnings Per Share Information (Details) - Schedule of basic and diluted earnings per share - ZAR (R) R / shares in Units, shares in Thousands, R in Thousands	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Basic earnings
Profit attributable to ordinary shareholder of Karooooo (ZAR ’000)	R 597,153	R 449,953	R 318,183
Weighted average number of ordinary shares issued	30,951,106	29,528,020	20,332,894
Basic earnings per share (ZAR)	R 19.29	R 15.24	R 15.65

Basic and Diluted Earnings Pe_4

Basic and Diluted Earnings Per Share Information (Details) - Schedule of basic and diluted earnings per share (Parentheticals) - shares	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2021
Schedule Of Basic And Diluted Earnings Per Share Abstract
Diluted earnings per share (ZAR)	19,290	15,240	15,650

Funding Facilities (Details)

Funding Facilities (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Funding Facilities (Details) [Line Items]
Credit funding facility amount	R 925
Commitment amount	45
Uncommitted amount	R 850
Loan term	3 years
Utilized amount		R 20
Unsecured short-term overdraft facility	R 75
Prime lending rate	11.75%	7%
Funding Agreements [Member]
Funding Facilities (Details) [Line Items]
Commitment amount	R 75
Mercantile facility [Member]
Funding Facilities (Details) [Line Items]
Utilized amount		R 13.7

Commitments (Details)

Commitments (Details) - ZAR (R) R in Millions	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Commitments [Abstract]
Commitments for capital expenditure	R 45
Capital expenditure		R 13.8
Redevelopment cost	R 294

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events [Member] - ZAR (R) R in Millions	May 08, 2023	Mar. 31, 2023
Subsequent Events (Details) [Line Items]
Proprietary acquired percentage		76%
Purchase consideration amount		R 9.1
Subsequent event description	the Board of Directors declared an interim dividend of 85 U.S. cents per ordinary shares which shall be payable entirely out of the Karooooo Ltd’s retained earnings.