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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now