Rand Merchant Bank (RMB) has backed Powerfleet’s business through a R1.8bn facility, another move underlining the investment bank’s continued push for investment in the technology sector. 

In April, Mix Telematics concluded a deal to merge with PowerFleet that saw it delist from the JSE, joining tech rivals such as Jasco, Adapt IT, Alaris, Etion and Alviva over the past two years. ..

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