Final answer:
The ITCZ is typically found near the sub-solar point, which changes throughout the year. In late February, it is located around the Tropic of Capricorn around 23.5° South latitude.
Step-by-step explanation:
The Intertropical Convergence Zone (ITCZ) is characterized by fairly calm conditions and low pressure at the surface, as well as abundant rainfall. It generally occurs near the sub-solar point, which changes throughout the year due to the tilt of the Earth's axis. In late February, the sub-solar point is located around the Tropic of Capricorn, which is at approximately 23.5° South latitude. Therefore, at this time of year, you would expect to find the ITCZ near the Tropic of Capricorn.