Fleet management and vehicle-tracking company MiX Telematics is pinning its hopes on a merger with US-based internet of things (IoT) specialist PowerFleet to take its business to a bigger market and larger pools of investor capital.

Last month, the Midrand-based company announced plans for a merger with PowerFleet that will see it delist from the JSE — joining the likes of tech rivals such as Jasco, Adapt IT, Alaris, Etion and Alviva over the past two years...

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