Fleet and mobile manager MiX Telematics reports 18.2% decline in subscription revenue

SOUTH AFRICA – MiX Telematics, a leading global provider of fleet and mobile asset management solutions, has reported an 18.2percent decline in subscription revenue to US$25.9 million (R458m) for the first quarter to end June. The group said the decline was primarily due to the impact of pricing concessions granted to customers and the contraction in its subscriber base as a result of the Covid-19 pandemic, adding that its subscriber base contracted by 30700 subscribers during the quarter. MiX Telematics has a net subscriber base of more than 787000 subscribers…

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