Karooooo (KARO) 6-K 23 Jul 24 Report of Foreign Private Issuer Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	May 31, 2024
Document Information Line Items
Entity Registrant Name	KAROOOOO LTD.
Document Type	6-K
Current Fiscal Year End Date	--02-28
Amendment Flag	false
Entity Central Index Key	0001828102
Document Period End Date	May 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Entity File Number	001-40300

Unaudited Interim Condensed Con

Unaudited Interim Condensed Consolidated Statements of Financial Position - ZAR (R) R in Thousands	May 31, 2024	Feb. 29, 2024
Non-current assets
Property, plant and equipment	R 2,127,250	R 2,032,794
Capitalized commission assets	398,017	374,521
Intangible assets	78,355	83,123
Goodwill	221,616	227,380
Loans to related parties	28,200	28,200
Long-term other receivables and prepayments	17,059	18,831
Deferred tax assets	89,464	81,903
Total non-current assets	2,959,961	2,846,752
Current assets
Inventories	4,914	6,582
Trade and other receivables and prepayments	595,847	985,398
Income tax receivables	8,668	8,714
Cash and cash equivalents	996,054	459,527
Total current assets	1,605,483	1,460,221
Total assets	4,565,444	4,306,973
Equity
Share capital	7,131,059	7,142,853
Treasury shares	(3,461)	(23,816)
Other capital reserve	(3,605,990)	(3,582,568)
Common control reserve	(2,709,236)	(2,709,236)
Foreign currency translation reserve	278,709	330,812
Retained earnings	2,025,066	1,803,482
Equity attributable to equity holders of parent	3,116,147	2,961,527
Non-controlling interest	39,762	40,935
Total equity	3,155,909	3,002,462
Non-current liabilities
Term loans	39,809	41,645
Lease liabilities	124,165	131,285
Deferred revenue	121,784	121,302
Deferred tax liabilities	68,551	69,840
Total non-current liabilities	354,309	364,072
Current liabilities
Term loans	6,559	6,534
Trade and other payables	465,729	446,284
Loans from related parties	668	924
Lease liabilities	61,458	63,055
Deferred revenue	324,555	325,848
Bank overdraft	46,496	23,362
Income tax payables	148,270	73,375
Provision for warranties	1,491	1,057
Total current liabilities	1,055,226	940,439
Total liabilities	1,409,535	1,304,511
Total equity and liabilities	R 4,565,444	R 4,306,973

Unaudited Interim Condensed C_2

Unaudited Interim Condensed Consolidated Statements of Profit and Loss - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Profit or loss [abstract]
Revenue	R 1,081,825	R 996,787
Cost of sales	(334,416)	(370,248)
Gross profit	747,409	626,539
Other income	1,682	2,328
Operating expenses	(449,344)	(404,493)
Sales and marketing	(140,248)	(124,705)
General and Administration	(221,494)	(198,263)
Research and development	(57,609)	(49,651)
Expected credit losses on financial assets	(29,993)	(31,874)
Operating profit	299,747	224,374
Finance income	11,213	10,878
Finance costs	(5,634)	(2,174)
Profit before taxation	305,326	233,078
Taxation	(80,043)	(71,131)
Profit for the quarter	225,283	161,947
Profit attributable to:
Owners of the parent	221,584	157,481
Non-controlling interest	3,699	4,466
Total Profit	R 225,283	R 161,947
Earnings per share
Basic earnings per share (ZAR) (in Rand per share)	R 7.17	R 5.09

Unaudited Interim Condensed C_3

Unaudited Interim Condensed Consolidated Statements of Profit and Loss (Parentheticals) - R / shares	3 Months Ended
	May 31, 2024	May 31, 2023
Profit or loss [abstract]
Diluted earnings per share (ZAR)	R 7.17	R 5.09

Unaudited Interim Condensed C_4

Unaudited Interim Condensed Consolidated Statements of Comprehensive Income - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Unaudited Interim Condensed Consolidated Statements of Comprehensive Income [Abstract]
Profit for the period	R 225,283	R 161,947
Items that may be reclassified to profit or loss in future periods:
Exchange differences on translating foreign operations	(53,133)	90,918
Other comprehensive income for the period	(53,133)	90,918
Total comprehensive income for the period net of income tax	172,150	252,865
Total comprehensive income attributable to:
Owners of the parent	169,481	245,693
Non-controlling interest	2,669	7,172
Total comprehensive income	R 172,150	R 252,865

Unaudited Interim Condensed C_5

Unaudited Interim Condensed Consolidated Statements of Changes in Equity - ZAR (R) R in Thousands	Share capital	Capital reserve	Common control reserve	Foreign currency translation	Retained earnings	Total attributable to owner of the parent	Non- controlling interest	Treasury shares	Other capital reserve	Total
Balance at Feb. 28, 2023	R 7,142,853	R (3,582,568)	R (2,709,236)	R 245,109	R 1,564,809	R 2,660,967	R 30,908			R 2,691,875
Profit for the period					157,481	157,481	4,466			161,947
Other comprehensive income				88,212		88,212	2,706			90,918
Total comprehensive income for the period				88,212	157,481	245,693	7,172			252,865
Dividends					(499,516)	(499,516)				(499,516)
Total transactions with owner					(499,516)	(499,516)				(499,516)
Acquiring interest in subsidiaries without change in control							512			512
Total changes in ownership interest in subsidiaries							512			512
Balance at May. 31, 2023	7,142,853	R (3,582,568)	(2,709,236)	333,321	1,222,774	2,407,144	38,592			2,445,736
Balance at Feb. 29, 2024	7,142,853		(2,709,236)	330,812	1,803,482	2,961,527	40,935	R (23,816)	R (3,582,568)	3,002,462
Profit for the period					221,584	221,584	3,699			225,283
Other comprehensive income				(52,103)		(52,103)	(1,030)			(53,133)
Total comprehensive income for the period				(52,103)	221,584	169,481	2,669			172,150
Cancellation of treasury shares	(11,794)							23,816	(12,022)
Purchase of treasury shares						(3,461)		(3,461)		(3,461)
Total transactions with owner	(11,794)					(3,461)		20,355	(12,022)	(3,461)
Repurchase and cancellation of ordinary shares of a subsidiary						(11,400)	(3,842)		(11,400)	(15,242)
Total changes in ownership interest in subsidiaries						(11,400)	(3,842)		(11,400)	(15,242)
Balance at May. 31, 2024	R 7,131,059		R (2,709,236)	R 278,709	R 2,025,066	R 3,116,147	R 39,762	R (3,461)	R (3,605,990)	R 3,155,909

Unaudited Interim Condensed C_6

Unaudited Interim Condensed Consolidated Statements of Cash Flows - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Cash flows from operating activities
Profit before taxation	R 305,326	R 233,078
Adjustments	185,718	171,240
Depreciation on property, plant and equipment	152,311	147,260
Amortization of capitalized commission assets	24,323	19,039
Amortization of intangible assets	14,679	14,490
Gain on disposal of property, plant and equipment	(450)	(1,024)
Finance income	(11,213)	(10,878)
Finance costs	5,634	2,174
Provision for warranties charge	434	179
Working capital adjustments
Inventories	1,668	(18,865)
Trade and other receivables and prepayments	369,133	(21,284)
Trade and other payables	24,511	20,424
Deferred revenue	7,061	(11,709)
Capitalized commission assets	(50,642)	(34,598)
Cash generated from operating activities	842,775	338,286
Interest received	11,213	10,878
Interest paid	(5,634)	(2,174)
Income tax paid	(12,121)	(6,779)
Net cash generated from operating activities	836,233	340,211
Cash flows from investing activities
Purchase of property, plant and equipment	(267,271)	(182,479)
Purchase of property, plant and equipment – Telematics devices and equipment on hand	(191,884)	(141,148)
Purchase of property, plant and equipment – Other	(75,387)	(41,331)
Proceeds on disposal of property, plant and equipment	562	3,488
Investment in intangible assets	(12,650)	(13,221)
Acquisition of subsidiary, net of cash acquired		(5,102)
Net cash utilized by investing activities	(279,359)	(197,314)
Cash flows from financing activities
Repayment of related parties loans	(228)
Purchase of treasury shares	(3,461)
Repurchase and cancellation of ordinary shares of a subsidiary	(15,242)
Repayment of term loans	(1,551)	(3,473)
Payments of lease liabilities	(17,616)	(15,200)
Proceeds from related parties loans		344
Net cash utilized by financing activities	(38,098)	(18,329)
Net increase in cash and cash equivalents	518,776	124,568
Cash and cash equivalents at the beginning of the quarter	436,165	965,750
Effect of exchange rate changes on cash and cash equivalents	(5,383)	47,126
Cash and cash equivalents at the end of the quarter	R 949,558	R 1,137,444

Basis of Preparation

Basis of Preparation	3 Months Ended
	May 31, 2024
Basis of Preparation [Abstract]
BASIS OF PREPARATION	1. BASIS OF PREPARATION The unaudited interim condensed consolidated financial statements for the three months ended May 31, 2024 have been prepared in accordance with International Accounting Standards (“IAS”) 34 Interim Financial Reporting The Group has prepared the unaudited interim condensed consolidated financial statements on the basis that it will continue to operate as a going concern. The unaudited interim condensed consolidated financial statements were approved for issue by the Directors on July 23, 2024.

Use of Estimates and Judgements

Use of Estimates and Judgements	3 Months Ended
	May 31, 2024
Use of Estimates and Judgements [Abstract]
USE OF ESTIMATES AND JUDGEMENTS	2. USE OF ESTIMATES AND JUDGEMENTS The preparation of the Group’s interim condensed 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. The significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those described in the last annual financial statements.

New Standards and Amendments Ad

New Standards and Amendments Adopted by the Group	3 Months Ended
	May 31, 2024
New Standards and Amendments Adopted by the Group [Abstract]
NEW STANDARDS AND AMENDMENTS ADOPTED BY THE GROUP	3. NEW STANDARDS AND AMENDMENTS ADOPTED BY THE GROUP The accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended February 29, 2024, except for the adoption of new standards effective as of March 1, 2024. The adoption of new standards does not have an impact on the interim condensed financial statements to the Group. The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective.

Segment Reporting

Segment Reporting	3 Months Ended
	May 31, 2024
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. 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. During the third quarter of the financial year of 2024, despite the growth experienced by Carzuka in South Africa, a decision was made to cease buying second hand vehicles in South Africa. This follows considerable interaction with motor dealerships across South Africa during these periods, who perceived Carzuka’s business interests to conflict with their business interests and Cartrack do not want to risk the long-standing strategic relationships that Cartrack has forged with motor dealerships across South Africa. There are many components within the Carzuka’s platform that had been built and developed and will continue to provide substantial value to the existing Cartrack fleet platform. As at February 29, 2024, Carzuka has been integrated into Cartrack’s broader operations. - 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 segment information provided to the Group CEO, for the reportable segments for the three months ended May 31, 2024 and May 31, 2023 are as follows: Figures in Rand thousands Cartrack Karooooo Total May 31, 2024 Subscription revenue 959,603 4,165 963,768 Other revenue 19,372 – 19,372 Vehicle sales 2,099 – 2,099 Delivery service – 96,586 96,586 Segment revenue 981,074 100,751 1,081,825 Segment operating profit 287,187 12,560 299,747 Depreciation and amortization 166,146 844 166,990 Capital expenditure 279,550 371 279,921 Figures in Rand thousands Cartrack Carzuka Karooooo Total May 31, 2023 Subscription revenue 834,232 - 2,165 836,397 Other revenue 19,197 - - 19,197 Vehicle sales - 81,563 - 81,563 Delivery service - - 59,630 59,630 Segment revenue 853,429 81,563 61,795 996,787 Segment operating profit/(loss) 231,901 (12,056 ) 4,529 224,374 Depreciation and amortization 160,189 1,098 463 161,750 Capital expenditure 195,408 47 245 195,700 Reconciliation of information on reportable segments to the amounts reported in consolidated financial statements For the Three Months Ended May 31, Figures in Rand thousands 2024 2023 Total segment operating profits 299,747 224,374 Finance income 11,213 10,878 Finance cost (5,634 ) (2,174 ) Consolidated profit before taxation 305,326 233,078 Information about geographical areas: Non-current operating assets 1 As of As of South Africa 1,825,015 1,714,719 Africa-Other 154,256 154,777 Europe 366,870 355,904 Asia-Pacific 2 484,438 498,361 2,830,579 2,723,761 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 174.5 million (February 29, 2024: ZAR 226.2 million). Information about revenue from geographical areas are disclosed in Note 10. There are no customers which contribute in excess of 10% of Group revenue for the quarter ended May 31, 2024 and May 31, 2023.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	May 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	5. PROPERTY, PLANT AND EQUIPMENT Acquisitions and disposals During the three months ended May 31, 2024, the Group acquired assets with a cost of ZAR 230.1 million (May 31, 2023: ZAR 150.0 million), excluding property under construction. The carrying amount of the property under construction at May 31, 2024 was ZAR304.1 Assets with net book value of ZAR 1.4 million were disposed by the Group during the three months ended May 31, 2024 (May 31, 2023: ZAR 4.5 million), resulting in a net gain on disposal of ZAR 0.5 million (May 31, 2023: ZAR 1.0 million). Capital commitments As at May 31, 2024, the Group has commitments for capital expenditure of ZAR 126.4 million (February 29, 2024: ZAR 151.7 million), relating to the redevelopment of its head office suite for South Africa. The total estimated redevelopment cost is ZAR 402.9 million.

Goodwill

Goodwill	3 Months Ended
	May 31, 2024
Goodwill [Abstract]
GOODWILL	6. 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 Mozambique Portugal Spain Other Logistics Total At March 1, 2023 82,277 34,469 24,432 12,989 58,314 212,481 Acquisition of subsidiary - - - 6,223 - 6,223 Translation adjustments 4,423 2,899 2,055 2,134 - 11,511 At May 31, 2023 86,700 37,368 26,487 21,346 58,314 230,215 At March 1, 2024 86,304 36,815 26,095 19,852 58,314 227,380 Translation adjustments (2,802 ) (1,179 ) (836 ) (947 ) - (5,764 ) At May 31, 2024 83,502 35,636 25,259 18,905 58,314 221,616 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. The recoverable amount of each cash-generating unit (CGU) with the exception of the Other CGUs and Cartrack Mozambique is determined using a discounted cash flow valuation technique. The Other CGUs and Cartrack Mozambique are valued on an earnings multiple basis. The key assumptions used to determine the recoverable amount for the different cash generating units were disclosed in the annual consolidated financial statements for the year ended February 29, 2024. Management has considered the carrying amount of goodwill as of May 31, 2024 and since there is no indicators for impairment of any of the CGUs, management has not updated any of the impairment calculations. Having assessed the future anticipated cash flows, management believes that any reasonably possible changes in key assumptions would not result in an impairment of goodwill. 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 May 31, 2024, the market capitalization of the Group exceeded the value of equity by ZAR 13.4 billion (February 29, 2024: ZAR 11.3 billion).

Trade and Other Receivables and

Trade and Other Receivables and Prepayments	3 Months Ended
	May 31, 2024
Trade and Other Receivables and Prepayments [Abstract]
TRADE AND OTHER RECEIVABLES AND PREPAYMENTS	7. TRADE AND OTHER RECEIVABLES AND PREPAYMENTS Figures in Rand thousands As of As of Trade receivables 587,478 554,107 Expected credit loss provision (175,848 ) (165,240 ) 411,630 388,867 Other receivables Deposits 13,663 500,646 Sundry debtors 35,854 24,656 Finance lease receivables 16,251 17,326 Subtotal 477,398 931,495 Prepayments 107,766 55,778 Other taxes 27,742 16,956 Total trade and other receivables and prepayments 612,906 1,004,229 Non-current 17,059 18,831 Current 595,847 985,398 612,906 1,004,229 As of February 29, 2024, short term deposits include deposits amounted to ZAR 485.7 million placed with a licensed bank for a term of 5 to 9 months and earns interests at the bank’s prevailing deposit rate.

Cash and Cash Equivalents and B

Cash and Cash Equivalents and Bank Overdraft	3 Months Ended
	May 31, 2024
Cash and Cash Equivalents and Bank Overdraft [Abstract]
CASH AND CASH EQUIVALENTS AND BANK OVERDRAFT	8. CASH AND CASH EQUIVALENTS AND BANK OVERDRAFT Figures in Rand thousands As of As of Cash on hand 557 1,965 Bank balances 230,002 457,366 Short-term deposits 765,495 196 Cash and cash equivalents in the consolidated statement of financial position 996,054 459,527 Bank overdrafts (46,496 ) (23,362 ) Cash and cash equivalents in the consolidated statement of cash flows 949,558 436,165 Current assets 996,054 459,527 Current liabilities (46,496 ) (23,362 ) 949,558 436,165

Share Capital, Treasury Shares

Share Capital, Treasury Shares and Reserves	3 Months Ended
	May 31, 2024
Share Capital, Treasury Shares and Reserves [Abstract]
SHARE CAPITAL, TREASURY SHARES AND RESERVES	9. SHARE CAPITAL, TREASURY SHARES AND RESERVES Figures in Rand thousands As of As of Share Capital Issued and fully paid 30,900,000 (February 29, 2024: 30,951,106) ordinary shares of no 7,131,059 7,142,853 Treasury shares Figures in Rand thousands Treasury At March 1, 2023 - Treasury shares purchased 23,816 At February 29, 2024 23,816 Cancellation of treasury shares (23,816 ) Treasury shares purchased 3,461 At May 31, 2024 3,461 During the financial year ended February 29, 2024, the Company acquired 51,106 shares in the open market of which 14,637 shares are held in trust by Cartrack Holdings Proprietary Ltd. The total amount paid to acquire the shares was ZAR 23.8 million and this was presented as a component within shareholder’s equity. Subsequently, these shares are being cancelled with effect on May 24, 2024. During the quarter ended May 31, 2024, the Company acquired 6,700 shares in the open market, which are held in trust by Cartrack Holdings Proprietary Ltd. The total amount paid to acquire the shares was ZAR 3.5 million and this was presented as a component within shareholder’s equity. Subsequently, these shares are being cancelled with effect on June 18, 2024. Other capital reserve Figures in Rand thousands Capital reserve Other reserve Total At March 1, 2023 and February 29, 2024 3,582,568 - 3,582,568 Cancellation of treasury shares - 12,022 12,022 Repurchase and cancellation of ordinary shares of a subsidiary - 11,400 11,400 At May 31, 2024 3,582,568 23,422 3,605,990

Revenue

Revenue	3 Months Ended
	May 31, 2024
Revenue [Abstract]
REVENUE	10. 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. For the Three Months Ended Figures in Rand thousands 2024 2023 Revenue from contracts with customers Subscription revenue - Cartrack 959,603 834,232 Subscription revenue - Karooooo Logistics 4,165 2,165 Other revenue - Cartrack Hardware sales 8,625 9,370 Installation revenue 7,578 7,157 Miscellaneous contract fees 3,169 2,670 Vehicle sales 2,099 81,563 Delivery service fees 96,586 59,630 Total revenue 1,081,825 996,787 Primary geographical markets South Africa 801,110 752,043 Africa-Other 35,449 39,026 Europe 96,326 81,147 Asia-Pacific*, Middle East and USA 148,940 124,571 1,081,825 996,787 Timing of revenue recognition Products and services transferred at a point in time 118,057 160,390 Services transferred over time 963,768 836,397 Total revenue 1,081,825 996,787 * Included in Asia-Pacific is revenue from Singapore amounted to ZAR 39.8 million (May 31, 2023: ZAR 39.0 million).

Taxation

Taxation	3 Months Ended
	May 31, 2024
Taxation [Abstract]
TAXATION	11. TAXATION The income tax expense for the three months ended May 31, 2024 was ZAR 80.0 million, compared to ZAR 71.1 million for the three months ended May 31, 2023.

Dividend

Dividend	3 Months Ended
	May 31, 2024
Dividend [Abstract]
DIVIDEND	12. DIVIDEND Dividend per share Dividend paid by the Company to owner of the Company On May 8, 2023, the Board of Directors declared an interim dividend of 85 U.S. cents per ordinary share, pertaining to the first quarter of Karooooo’s 2024 financial year. The dividends, amounting to ZAR 499.5 million in the aggregate, was paid on July 3, 2023.

Related Parties

Related Parties	3 Months Ended
	May 31, 2024
Related Parties [Abstract]
RELATED PARTIES	13. RELATED PARTIES In addition to the information disclosed in Note 7 in the interim condensed financial statements, the following transactions took place between the Group and related parties at the terms agreed between parties: Transactions with related parties For the Three Months Ended May 31, Figures in Rand thousands 2024 2023 Sales to related parties 8,127 5,419 Purchases from related parties 36,454 29,445 Rent paid to related parties 2,498 2,157 Included in the “Purchases from related parties” are transaction with Found (Pty) Ltd. Zak Calisto, the CEO of the Group, is a trustee of the Kubu Trust, a discretionary trust that is the ultimate beneficial owner of Found (Pty) Ltd. Zak Calisto undertook to be a trustee until the end of February 2024 and is not a beneficiary of the trust. As at June 2024, the regulatory process of registering Zak Calisto’s resignation as a trustee was still underway with the deed’s office. Upon completion, Found (Pty) Ltd will cease becoming a related party of the Group.

Analysis of Assets and Liabilit

Analysis of Assets and Liabilities by Financial Instrument Classification	3 Months Ended
	May 31, 2024
Analysis of Assets and Liabilities by Financial Instrument Classification [Abstract]
ANALYSIS OF ASSETS AND LIABILITIES BY FINANCIAL INSTRUMENT CLASSIFICATION	14. ANALYSIS OF ASSETS AND LIABILITIES BY FINANCIAL INSTRUMENT CLASSIFICATION The following table shows the carrying amounts and classification of financial assets and financial liabilities. Figures in Rand thousands As of As of Financial assets (at amortized cost) Loans to related party 28,200 28,200 Trade and other receivables (excludes prepayments and other taxes) 477,398 931,495 Cash and cash equivalents 996,054 459,527 1,501,652 1,419,222 Financial liabilities (at amortized cost) Loans from related parties 668 924 Trade and other payables (excludes other taxes) 421,642 398,153 Term loans 46,368 48,179 Bank overdraft 46,496 23,362 515,174 470,618

Fair value of Assets and Liabil

Fair value of Assets and Liabilities	3 Months Ended
	May 31, 2024
Fair Value of Assets and Liabilities [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	15. 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 No assets and liabilities were measured at fair value as of May 31, 2024 and February 29, 2024. Assets and liabilities not measured at fair value, for which fair value is disclosed As of May 31, 2024, the fair value of loan to related party as disclosed in the table below is based on significant unobservable inputs (Level 3) and have been calculated by discounting the expected future cash flows using rates currently available for instruments on with similar terms, credit risk and remaining maturities. As of May 31, 2024 Figures in Rand thousands Carrying Aggregate Loan to related party 28,200 29,258 Fair value of financial instruments by classes that are not carried at fair value and whose carrying amounts are reasonable approximation of fair value Cash and cash equivalents, trade and other receivables, trade and other payables, term loans, loans from related parties, and lease liabilities. 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.

Subsequent Events

Subsequent Events	3 Months Ended
	May 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS In June 2024, The Standard Bank of South Africa Limited extended a loan of ZAR 250 million to Purple Rain Properties No.444 Proprietary Limited (the owner of the regional South Africa head office under construction) at South Africa Prime Rate less 1.5%. The loan will mature on December 21, 2025 and the funds were used to settle an intercompany loan. On July 18, 2024, the Board of Directors declared an interim dividend of 108 U.S. cents per ordinary share, pertaining to the first quarter of Karooooo’s 2025 financial year. The dividend is therefore not recognized as a liability as of May 31, 2024. The dividend will be payable on August 12, 2024 to Johannesburg Stock Exchange (“JSE”) shareholders and August 14, 2024 to Nasdaq shareholders.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	May 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information Provided to the Group CEO	The segment information provided to the Group CEO, for the reportable segments for the three months ended May 31, 2024 and May 31, 2023 are as follows: Figures in Rand thousands Cartrack Karooooo Total May 31, 2024 Subscription revenue 959,603 4,165 963,768 Other revenue 19,372 – 19,372 Vehicle sales 2,099 – 2,099 Delivery service – 96,586 96,586 Segment revenue 981,074 100,751 1,081,825 Segment operating profit 287,187 12,560 299,747 Depreciation and amortization 166,146 844 166,990 Capital expenditure 279,550 371 279,921 Figures in Rand thousands Cartrack Carzuka Karooooo Total May 31, 2023 Subscription revenue 834,232 - 2,165 836,397 Other revenue 19,197 - - 19,197 Vehicle sales - 81,563 - 81,563 Delivery service - - 59,630 59,630 Segment revenue 853,429 81,563 61,795 996,787 Segment operating profit/(loss) 231,901 (12,056 ) 4,529 224,374 Depreciation and amortization 160,189 1,098 463 161,750 Capital expenditure 195,408 47 245 195,700
Schedule of Reconciliation of Information on Reportable Segments to the Amounts Reported in Consolidated Financial Statements	Reconciliation of information on reportable segments to the amounts reported in consolidated financial statements For the Three Months Ended May 31, Figures in Rand thousands 2024 2023 Total segment operating profits 299,747 224,374 Finance income 11,213 10,878 Finance cost (5,634 ) (2,174 ) Consolidated profit before taxation 305,326 233,078
Schedule of Information about Geographical Areas	Information about geographical areas: Non-current operating assets 1 As of As of South Africa 1,825,015 1,714,719 Africa-Other 154,256 154,777 Europe 366,870 355,904 Asia-Pacific 2 484,438 498,361 2,830,579 2,723,761 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 174.5 million (February 29, 2024: ZAR 226.2 million).

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	May 31, 2024
Goodwill [Abstract]
Schedule of Goodwill is Allocated to Cash Generating Units	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 Mozambique Portugal Spain Other Logistics Total At March 1, 2023 82,277 34,469 24,432 12,989 58,314 212,481 Acquisition of subsidiary - - - 6,223 - 6,223 Translation adjustments 4,423 2,899 2,055 2,134 - 11,511 At May 31, 2023 86,700 37,368 26,487 21,346 58,314 230,215 At March 1, 2024 86,304 36,815 26,095 19,852 58,314 227,380 Translation adjustments (2,802 ) (1,179 ) (836 ) (947 ) - (5,764 ) At May 31, 2024 83,502 35,636 25,259 18,905 58,314 221,616

Trade and Other Receivables a_2

Trade and Other Receivables and Prepayments (Tables)	3 Months Ended
	May 31, 2024
Trade and Other Receivables and Prepayments [Abstract]
Schedule of Trade and Other Receivables and Prepayments	Figures in Rand thousands As of As of Trade receivables 587,478 554,107 Expected credit loss provision (175,848 ) (165,240 ) 411,630 388,867 Other receivables Deposits 13,663 500,646 Sundry debtors 35,854 24,656 Finance lease receivables 16,251 17,326 Subtotal 477,398 931,495 Prepayments 107,766 55,778 Other taxes 27,742 16,956 Total trade and other receivables and prepayments 612,906 1,004,229 Non-current 17,059 18,831 Current 595,847 985,398 612,906 1,004,229

Cash and Cash Equivalents and_2

Cash and Cash Equivalents and Bank Overdraft (Tables)	3 Months Ended
	May 31, 2024
Cash and Cash Equivalents and Bank Overdraft [Abstract]
Schedule of Cash and Cash Equivalents and Bank Overdraft	Figures in Rand thousands As of As of Cash on hand 557 1,965 Bank balances 230,002 457,366 Short-term deposits 765,495 196 Cash and cash equivalents in the consolidated statement of financial position 996,054 459,527 Bank overdrafts (46,496 ) (23,362 ) Cash and cash equivalents in the consolidated statement of cash flows 949,558 436,165 Current assets 996,054 459,527 Current liabilities (46,496 ) (23,362 ) 949,558 436,165

Share Capital, Treasury Share_2

Share Capital, Treasury Shares and Reserves (Tables)	3 Months Ended
	May 31, 2024
Share Capital, Treasury Shares and Reserves [Abstract]
Schedule of Share Capital	Figures in Rand thousands As of As of Share Capital Issued and fully paid 30,900,000 (February 29, 2024: 30,951,106) ordinary shares of no 7,131,059 7,142,853
Schedule of Treasury Shares	Treasury shares Figures in Rand thousands Treasury At March 1, 2023 - Treasury shares purchased 23,816 At February 29, 2024 23,816 Cancellation of treasury shares (23,816 ) Treasury shares purchased 3,461 At May 31, 2024 3,461
Schedule of Other Capital Reserve	Other capital reserve Figures in Rand thousands Capital reserve Other reserve Total At March 1, 2023 and February 29, 2024 3,582,568 - 3,582,568 Cancellation of treasury shares - 12,022 12,022 Repurchase and cancellation of ordinary shares of a subsidiary - 11,400 11,400 At May 31, 2024 3,582,568 23,422 3,605,990

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 31, 2024
Disclosure of Revenue Text Block [Abstract]
Schedule of Revenue from Contracts with Customers is Disaggregated by Revenue Streams	In the following table, revenue from contract with customers is disaggregated by revenue streams, primary geographical markets and timing of revenue recognition. For the Three Months Ended Figures in Rand thousands 2024 2023 Revenue from contracts with customers Subscription revenue - Cartrack 959,603 834,232 Subscription revenue - Karooooo Logistics 4,165 2,165 Other revenue - Cartrack Hardware sales 8,625 9,370 Installation revenue 7,578 7,157 Miscellaneous contract fees 3,169 2,670 Vehicle sales 2,099 81,563 Delivery service fees 96,586 59,630 Total revenue 1,081,825 996,787 Primary geographical markets South Africa 801,110 752,043 Africa-Other 35,449 39,026 Europe 96,326 81,147 Asia-Pacific*, Middle East and USA 148,940 124,571 1,081,825 996,787 Timing of revenue recognition Products and services transferred at a point in time 118,057 160,390 Services transferred over time 963,768 836,397 Total revenue 1,081,825 996,787 * Included in Asia-Pacific is revenue from Singapore amounted to ZAR 39.8 million (May 31, 2023: ZAR 39.0 million).

Related Parties (Tables)

Related Parties (Tables)	3 Months Ended
	May 31, 2024
Disclosure of related party [Abstract]
Schedule of Transaction with Related Parties	Transactions with related parties For the Three Months Ended May 31, Figures in Rand thousands 2024 2023 Sales to related parties 8,127 5,419 Purchases from related parties 36,454 29,445 Rent paid to related parties 2,498 2,157

Analysis of Assets and Liabil_2

Analysis of Assets and Liabilities by Financial Instrument Classification (Tables)	3 Months Ended
	May 31, 2024
Analysis of Assets and Liabilities by Financial Instrument Classification [Abstract]
Schedule of Classification of Financial Assets and Financial Liabilities	The following table shows the carrying amounts and classification of financial assets and financial liabilities. Figures in Rand thousands As of As of Financial assets (at amortized cost) Loans to related party 28,200 28,200 Trade and other receivables (excludes prepayments and other taxes) 477,398 931,495 Cash and cash equivalents 996,054 459,527 1,501,652 1,419,222 Financial liabilities (at amortized cost) Loans from related parties 668 924 Trade and other payables (excludes other taxes) 421,642 398,153 Term loans 46,368 48,179 Bank overdraft 46,496 23,362 515,174 470,618

Fair value of Assets and Liab_2

Fair value of Assets and Liabilities (Tables)	3 Months Ended
	May 31, 2024
Fair value of Assets and Liabilities [Abstract]
Schedule of Loans to Related Party	As of May 31, 2024, the fair value of loan to related party as disclosed in the table below is based on significant unobservable inputs (Level 3) and have been calculated by discounting the expected future cash flows using rates currently available for instruments on with similar terms, credit risk and remaining maturities. As of May 31, 2024 Figures in Rand thousands Carrying Aggregate Loan to related party 28,200 29,258

Segment Reporting (Details)

Segment Reporting (Details) - ZAR (R) R in Millions	3 Months Ended
	May 31, 2024	May 31, 2023	Feb. 29, 2024
Segment Reporting [ Line Items]
Segments	The segment information provided to the Group CEO, for the reportable segments for the three months ended May 31, 2024 and May 31, 2023 are as follows:
Contribute excess percentage	10%	10%
Singapore [Member]
Segment Reporting [ Line Items]
Non-current assets	R 174.5		R 226.2

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of Segment Information Provided to the Group CEO - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Schedule of Segment Information Provided to the Group CEO [Line Items]
Subscription revenue	R 963,768	R 836,397
Other revenue	19,372	19,197
Vehicle sales	2,099	81,563
Delivery service	96,586	59,630
Segment revenue	1,081,825	996,787
Segment operating profit/(loss)	299,747	224,374
Depreciation and amortization	166,990	161,750
Capital expenditure	279,921	195,700
Cartrack [Member]
Schedule of Segment Information Provided to the Group CEO [Line Items]
Subscription revenue	959,603	834,232
Other revenue	19,372	19,197
Vehicle sales	2,099
Delivery service
Segment revenue	981,074	853,429
Segment operating profit/(loss)	287,187	231,901
Depreciation and amortization	166,146	160,189
Capital expenditure	279,550	195,408
Karooooo Logistics [Member]
Schedule of Segment Information Provided to the Group CEO [Line Items]
Subscription revenue	4,165	2,165
Other revenue
Vehicle sales
Delivery service	96,586	59,630
Segment revenue	100,751	61,795
Segment operating profit/(loss)	12,560	4,529
Depreciation and amortization	844	463
Capital expenditure	R 371	245
Carzuka [Member]
Schedule of Segment Information Provided to the Group CEO [Line Items]
Subscription revenue
Other revenue
Vehicle sales		81,563
Delivery service
Segment revenue		81,563
Segment operating profit/(loss)		(12,056)
Depreciation and amortization		1,098
Capital expenditure		R 47

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	3 Months Ended
	May 31, 2024	May 31, 2023
Schedule of Reconciliation of Information on Reportable Segments to the Amounts Reported in Consolidated Financial Statements [Abstract]
Total segment operating profits	R 299,747	R 224,374
Finance income	11,213	10,878
Finance cost	(5,634)	(2,174)
Consolidated profit before taxation	R 305,326	R 233,078

Segment Reporting (Details) -_3

Segment Reporting (Details) - Schedule of Information about Geographical Areas - ZAR (R) R in Thousands		May 31, 2024	Feb. 29, 2024
Schedule of Information about Geographical Areas [Line Items]
Total	[1]	R 2,830,579	R 2,723,761
South Africa [Member]
Schedule of Information about Geographical Areas [Line Items]
Total	[1]	1,825,015	1,714,719
Africa-Other [Member]
Schedule of Information about Geographical Areas [Line Items]
Total	[1]	154,256	154,777
Europe [Member]
Schedule of Information about Geographical Areas [Line Items]
Total	[1]	366,870	355,904
Asia-Pacific, Middle East & USA [Member]
Schedule of Information about Geographical Areas [Line Items]
Total	[1],[2]	R 484,438	R 498,361
[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 174.5 million (February 29, 2024: ZAR 226.2 million).

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023	Feb. 29, 2024
Property, Plant and Equipment [Abstract]
Group acquired assets	R 230,100	R 150,000
Carrying amount property under construction	304,100	109,000
Borrowing costs capitalized amount	R 1,240	1,270
Capitalization prime rate percentage	1.15%
Assets net book value	R 1,400	4,500
Net gain on disposal	500	R 1,000
Commitments for capital expenditure	126,400		R 151,700
Estimated redevelopment cost	R 402,900

Goodwill (Details)

Goodwill (Details) - ZAR (R) R in Billions	Mar. 31, 2024	Feb. 29, 2024
Goodwill [Abstract]
Value of equity	R 13.4	R 11.3

Goodwill (Details) - Schedule o

Goodwill (Details) - Schedule of Goodwill is Allocated to Cash Generating Units - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Schedule of Goodwill is Allocated to Cash Generating Units [Line Items]
Balance, at beginning	R 227,380	R 212,481
Acquisition of subsidiary		6,223
Translation adjustments	(5,764)	11,511
Balance, at ending	221,616	230,215
Mozambique [Member]
Schedule of Goodwill is Allocated to Cash Generating Units [Line Items]
Balance, at beginning	86,304	82,277
Acquisition of subsidiary
Translation adjustments	(2,802)	4,423
Balance, at ending	83,502	86,700
Portugal [Member]
Schedule of Goodwill is Allocated to Cash Generating Units [Line Items]
Balance, at beginning	36,815	34,469
Acquisition of subsidiary
Translation adjustments	(1,179)	2,899
Balance, at ending	35,636	37,368
Spain [Member]
Schedule of Goodwill is Allocated to Cash Generating Units [Line Items]
Balance, at beginning	26,095	24,432
Acquisition of subsidiary
Translation adjustments	(836)	2,055
Balance, at ending	25,259	26,487
Other [Member]
Schedule of Goodwill is Allocated to Cash Generating Units [Line Items]
Balance, at beginning	19,852	12,989
Acquisition of subsidiary		6,223
Translation adjustments	(947)	2,134
Balance, at ending	18,905	21,346
Karooooo Logistics [Member]
Schedule of Goodwill is Allocated to Cash Generating Units [Line Items]
Balance, at beginning	58,314	58,314
Acquisition of subsidiary
Translation adjustments
Balance, at ending	R 58,314	R 58,314

Trade and Other Receivables a_3

Trade and Other Receivables and Prepayments (Details) R in Millions	Feb. 29, 2024 ZAR (R)
Trade and Other Receivables and Prepayments [Abstract]
Deposits amount	R 485.7

Trade and Other Receivables a_4

Trade and Other Receivables and Prepayments (Details) - Schedule of Trade and Other Receivables and Prepayments - ZAR (R) R in Thousands	May 31, 2024	Feb. 29, 2024
Schedule of Detailed Information About Trade and Other Receivables and Prepayments [Abstract]
Trade receivables	R 587,478	R 554,107
Expected credit loss provision	(175,848)	(165,240)
Total trade receivables	411,630	388,867
Other receivables
Deposits	13,663	500,646
Sundry debtors	35,854	24,656
Finance lease receivables	16,251	17,326
Subtotal	477,398	931,495
Prepayments	107,766	55,778
Other taxes	27,742	16,956
Total trade and other receivables and prepayments	612,906	1,004,229
Non-current	17,059	18,831
Current	595,847	985,398
Trade receivables	R 612,906	R 1,004,229

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	May 31, 2024	Feb. 29, 2024
Schedule of Cash and Cash Equivalents and Bank Overdraft [Abstract]
Cash on hand	R 557	R 1,965
Bank balances	230,002	457,366
Short-term deposits	765,495	196
Cash and cash equivalents in the consolidated statement of financial position	996,054	459,527
Bank overdrafts	(46,496)	(23,362)
Cash and cash equivalents in the consolidated statement of cash flows	949,558	436,165
Current assets	996,054	459,527
Current liabilities	(46,496)	(23,362)
Total cash and cash equivalents and bank overdraft	R 949,558	R 436,165

Share Capital, Treasury Share_3

Share Capital, Treasury Shares and Reserves (Details) - ZAR (R) R in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Feb. 29, 2024
Share Capital, Treasury Shares And Reserves [Line Items]
Treasury stock, share acquired	6,700	51,106
Trust held shares		14,637
Acquire amount (in Rand)	R 3.5	R 23.8

Share Capital, Treasury Share_4

Share Capital, Treasury Shares and Reserves (Details) - Schedule of Share Capital - ZAR (R) R in Thousands	May 31, 2024	Feb. 29, 2024
Schedule of Share Capital [Abstract]
Issued and fully paid 30,900,000 (February 29, 2024: 30,951,106) ordinary shares of no par value	R 7,131,059	R 7,142,853

Share Capital, Treasury Share_5

Share Capital, Treasury Shares and Reserves (Details) - Schedule of Share Capital (Parentheticals) - R / shares	May 31, 2024	Feb. 29, 2024
Schedule of Share Capital [Abstract]
Ordinary shares, issued and fully paid	30,900,000	30,951,106
Ordinary shares, par value

Share Capital, Treasury Share_6

Share Capital, Treasury Shares and Reserves (Details) - Schedule of Treasury Shares - Treasury shares [Member] - ZAR (R) R in Thousands	3 Months Ended	12 Months Ended
	May 31, 2024	Feb. 29, 2024
Schedule of Treasury Shares [Line Items]
Balance of Beginning	R 23,816
Treasury shares purchased	3,461	23,816
Ending balance	3,461	R 23,816
Cancellation of treasury shares	R (23,816)

Share Capital, Treasury Share_7

Share Capital, Treasury Shares and Reserves (Details) - Schedule of Other Capital Reserve R in Thousands	3 Months Ended
	May 31, 2024 ZAR (R)
Schedule of Other Capital Reserve [Line Items]
Balance of Beginning	R 3,582,568
Cancellation of treasury shares	12,022
Repurchase and cancellation of ordinary shares of a subsidiary	11,400
Balance of Ending	3,605,990
Capital reserve [Member]
Schedule of Other Capital Reserve [Line Items]
Balance of Beginning	3,582,568
Cancellation of treasury shares
Repurchase and cancellation of ordinary shares of a subsidiary
Balance of Ending	3,582,568
Other reserves [Member]
Schedule of Other Capital Reserve [Line Items]
Balance of Beginning
Cancellation of treasury shares	12,022
Repurchase and cancellation of ordinary shares of a subsidiary	11,400
Balance of Ending	R 23,422

Revenue (Details)

Revenue (Details) - ZAR (R) R in Millions		3 Months Ended
	May 31, 2023	May 31, 2024
Singapore [Member]
Revenue [Line Items]
Revenue	R 39	R 39.8

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of Revenue from Contracts with Customers is Disaggregated by Revenue Streams - ZAR (R) R in Thousands		3 Months Ended
		May 31, 2024	May 31, 2023
Revenue from contracts with customers
Subscription revenue - Cartrack		R 959,603	R 834,232
Subscription revenue - Karooooo Logistics		4,165	2,165
Other revenue - Cartrack
Hardware sales		8,625	9,370
Installation revenue		7,578	7,157
Miscellaneous contract fees		3,169	2,670
Vehicle sales		2,099	81,563
Delivery service fees		96,586	59,630
Total revenue		1,081,825	996,787
Primary geographical markets
Primary geographical markets, Total revenue		1,081,825	996,787
Timing of revenue recognition
Timing of revenue recognition , Total revenue		1,081,825	996,787
Products and services transferred at a point in time [Member]
Timing of revenue recognition
Timing of revenue recognition		118,057	160,390
Services transferred over time [Member]
Timing of revenue recognition
Timing of revenue recognition		963,768	836,397
South Africa [Member]
Primary geographical markets
Primary geographical markets		801,110	752,043
Africa-Other [Member]
Primary geographical markets
Primary geographical markets		35,449	39,026
Europe [Member]
Primary geographical markets
Primary geographical markets		96,326	81,147
Asia-Pacific, Middle East and USA [Member]
Primary geographical markets
Primary geographical markets	[1]	R 148,940	R 124,571
[1] Included in Asia-Pacific is revenue from Singapore amounted to ZAR 39.8 million (May 31, 2023: ZAR 39.0 million).

Taxation (Details)

Taxation (Details) - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Taxation [Abstract]
Income tax expense	R 80,043	R 71,131

Dividend (Details)

Dividend (Details) R in Millions	Jul. 03, 2023 ZAR (R)
Dividend [Abstract]
Dividends amount	R 499.5

Related Parties (Details) - Sch

Related Parties (Details) - Schedule of Transaction with Related Parties - ZAR (R) R in Thousands	3 Months Ended
	May 31, 2024	May 31, 2023
Related Parties [Abstract]
Sales to related parties	R 8,127	R 5,419
Purchases from related parties	36,454	29,445
Rent paid to related parties	R 2,498	R 2,157

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	May 31, 2024	Feb. 29, 2024
Loans to related party [Member]
Financial assets (at amortized cost)
Financial assets	R 28,200	R 28,200
Trade and other receivables (excludes prepayments and other taxes) [Member]
Financial assets (at amortized cost)
Financial assets	477,398	931,495
Cash and cash equivalents [Member]
Financial assets (at amortized cost)
Financial assets	996,054	459,527
Total financial assets (at amortized cost) [Member]
Financial assets (at amortized cost)
Financial assets	1,501,652	1,419,222
Loans from related parties [Member]
Financial liabilities (at amortized cost)
Financial liabilities	668	924
Trade and other payables (excludes other taxes) [Member]
Financial liabilities (at amortized cost)
Financial liabilities	421,642	398,153
Term loans [Member]
Financial liabilities (at amortized cost)
Financial liabilities	46,368	48,179
Bank overdraft [Member]
Financial liabilities (at amortized cost)
Financial liabilities	46,496	23,362
Total financial liabilities (other financial liabilities) [Member]
Financial liabilities (at amortized cost)
Financial liabilities	R 515,174	R 470,618

Fair value of Assets and Liab_3

Fair value of Assets and Liabilities (Details) - Schedule of Loans to Related Party R in Thousands	May 31, 2024 ZAR (R)
Schedule of Loans to Related Party [Abstract]
Carrying amount, Loan to related party	R 28,200
Aggregate fair value, Loan to related party	R 29,258

Subsequent Events (Details)

Subsequent Events (Details) - Non-Adjusting Event after Reporting Period [Member] R in Millions	1 Months Ended
	Jun. 30, 2024 ZAR (R)
Subsequent Events [Line Items]
Extended loan	R 250
Prime rate	1.50%