| Cartrack's shares more than doubled last year. And the vehicle telematics company believes there's more value - and better growth prospects - to be had if it's listed on the tech-heavy Nasdaq exchange in the US, where it will sit alongside other companies with valuable proprietary software. Following on-again, off-again discussions last year, Cartrack's biggest shareholder, Karooooo, has now proposed buying out minority shareholders and delisting the company from the JSE. It has offered shareholders a reinvestment option if the plan to list on the Nasdaq proceeds. Cartrack's shares rose more than 7% yesterday as the JSE scaled another high, led by a 12% gain in Sasol's share price. AfroCentric also jumped after the Medscheme owner said it won a 5-year managed care services contract with the Government Employees Medical Scheme. However, while stocks have had a great start to 2021, the rand has been on the receiving end of negative sentiment as Covid-19 cases continue to rise. Stay safe out there. Stephen Gunnion Managing Editor, InceConnect
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