Fleet management and vehicle-tracking company MiX Telematics said on Thursday it had lowered it growth forecast after upping its spend on sales and marketing, but still expects double-digit subscription revenue growth for its year to end-March 2020.

The company reported subscription revenue growth of 14.3% to R926m in it six months to end-September from the prior comparative period, but has revised its guidance to between 11.4% and 12.3% growth for its full year...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.