What began as a small South African vehicle tracking and recovery company in South Africa – Cartrack – has expanded to include over 20 countries across Africa, Europe, Asia-Pacific, the Middle East and North America – and has now been recognised on a global stage.
Karooooo Ltd., the parent company of Cartrack, has been named on Singapore’s Fastest-Growing Companies 2026, a ranking compiled by Statista in partnership with leading Singaporean newspaper The Straits Times. The annual ranking identifies 100 Singapore-headquartered companies that have delivered the strongest revenue growth over the past three years across sectors including technology, fintech, logistics and industrial services.
What sets Karooooo apart is not only its growth rate, but the scale at which that growth has been achieved. Of the 100 companies recognised, only 16 reported revenue above SGD 100 million (±R1.27-billion) in 2024. Karooooo posted revenue of SGD 334.6 million (±R4.24-billion), placing it among the largest businesses on the list and highlighting its ability to expand while maintaining operational control and profitability. In an index largely populated by smaller, earlier-stage firms, that distinction carries weight.
Cartrack’s trucking roots go worldwide
Karooooo’s performance is anchored by Cartrack, its largest operating subsidiary and the business most familiar to South African fleet operators. Originally developed to address the realities of local South African fleet conditions, the Cartrack platform today delivers operational intelligence across fleet maintenance, fuel management, asset utilisation, workforce management, logistics, safety, compliance, risk and environmental impact, including AI video solutions.
Today, Cartrack supports millions of connected vehicles and assets globally. Its expansion into international markets has been driven by replication – applying a proven, outcomes-focused model to fleets facing similar pressures around cost control, safety and regulatory compliance.
That focus on practical, intelligence-driven solutions has allowed Cartrack to scale across both developed and emerging markets without losing relevance at fleet level, a challenge that has derailed many technology platforms attempting global expansion.
Long-term positive outcomes
While Karooooo’s inclusion in a Singapore ranking reinforces its position as a global technology group, the business remains grounded in the operational discipline forged in South Africa’s transport sector. Serving fleets in a high-pressure environment with narrow margins has shaped a model that favours reliability, consistency and long-term customer relationships over rapid but fragile expansion.
“Growth at scale requires discipline, resilience and a clear value proposition,” says Zak Calisto, founder of the company and Group Chief Executive Officer of Karooooo. “Recognition as one of Singapore’s fastest-growing companies reflects our ability to deliver sustained growth from a significant revenue base, driven by our culture of execution excellence and long-term customer trust in our technology.”
What a great accolade for a South African born company.
Editor’s comment: South Africa’s truck and fleet telematics sector has been setting global benchmarks for close to three decades. Long before telematics became a buzzword, local operators were generating and acting on empirical data to manage risk (think truck hijackings), fuel consumption, driver behaviour and maintenance cycles in one of the world’s most demanding freight environments. That combination of technological innovation and practical relevance has consistently placed South African solutions ahead of the curve.
Cartrack is a local success story which has translated that hard-won expertise into global scale. Its international traction reinforces a broader industry truth – fleet technologies shaped by real operational pressure, and proven through data rather than theory, tend to travel well. For South Africa’s telematics sector, Karooooo and Cartrack’s offshore recognition is not an exception – it’s a continuation.
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