MiX Telematics (MIXT) 10-Q 9 Nov 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2020	Oct. 16, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-36027
Entity Registrant Name	MIX TELEMATICS LIMITED
Entity Incorporation, State or Country Code	T3
Entity Address, Address Line One	750 Park of Commerce Blvd
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33487
City Area Code	(877)
Local Phone Number	585-1088
Title of 12(b) Security	American Depositary Shares, each representing 25 Ordinary Shares, no par value
Trading Symbol	MIXT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		604,880,384
Amendment Flag	false
Entity Central Index Key	0001576914
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Current assets:
Cash and cash equivalents	$ 33,836	$ 17,953
Restricted cash	798	699
Accounts receivables, net of allowances for doubtful accounts of $3.6 million and $4.3 million, respectively	18,876	24,100
Inventory, net	3,742	3,271
Prepaid expenses and other current assets	6,802	7,375
Total current assets	64,054	53,398
Property and equipment, net	27,167	30,019
Goodwill	39,603	37,923
Intangible assets, net	16,059	15,007
Deferred tax assets	3,497	3,108
Other assets	4,070	4,200
Total assets	154,450	143,655
Current liabilities:
Short-term debt	3,185	2,367
Accounts payables	4,863	5,251
Accrued expenses and other liabilities	18,835	14,839
Deferred revenue	4,521	5,077
Total current liabilities	31,404	27,534
Deferred tax liabilities	10,540	11,436
Long-term accrued expenses and other liabilities	5,053	5,660
Total liabilities	46,997	44,630
Commitments and contingencies
MiX Telematics Limited stockholders’ equity
Preferred stock: 100 million shares authorized but not issued	0	0
Common stock: 600.9 million and 604.9 million no-par value shares issued and outstanding as of March 31, 2020 and September 30, 2020, respectively	67,347	66,522
Less treasury stock at cost: 54 million shares as of March 31, 2020 and September 30, 2020	(17,315)	(17,315)
Retained earnings	70,846	67,482
Accumulated other comprehensive loss	(7,425)	(11,070)
Additional paid-in capital	(6,005)	(6,599)
Total MiX Telematics Limited stockholders’ equity	107,448	99,020
Non-controlling interest	5	5
Total stockholders’ equity	107,453	99,025
Total liabilities and stockholders’ equity	$ 154,450	$ 143,655

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4,280	$ 3,602
Preference shares, authorized (in shares)	100,000,000	100,000,000
Preference shares, issued (in shares)	0	0
Ordinary shares, issued (in shares)	604,900,000	600,900,000
Ordinary shares, outstanding (in shares)	604,900,000	600,900,000
Treasury stock (in shares)	54,000,000	54,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue
Total revenue	$ 30,948	$ 36,661	$ 58,445	$ 72,944
Cost of revenue
Total cost of revenue	10,297	12,445	18,875	24,673
Gross profit	20,651	24,216	39,570	48,271
Operating expenses
Sales and marketing	2,447	3,148	5,193	6,729
Administration and other	13,631	14,616	27,122	29,402
Total operating expenses	16,078	17,764	32,315	36,131
Income from operations	4,573	6,452	7,255	12,140
Other (expense)/income	(77)	(52)	(175)	323
Net interest income/(expense)	(70)	4	(140)	77
Income before income tax expense	4,426	6,404	6,940	12,540
Income tax expense	974	3,058	1,066	4,198
Net income	3,452	3,346	5,874	8,342
Less: Net income attributable to non-controlling interest	0	0	0	0
Net income attributable to MiX Telematics Limited	$ 3,452	$ 3,346	$ 5,874	$ 8,342
Net income per ordinary share
Basic (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Diluted (in dollars per share)	0.01	0.01	0.01	0.01
Net income per American Depository Share
Basic (in dollars per share)	0.16	0.15	0.27	0.37
Diluted (in dollars per share)	$ 0.15	$ 0.15	$ 0.26	$ 0.36
Ordinary shares
Weighted average (in shares)	548,008	554,781	547,569	558,401
Diluted weighted average (in shares)	558,951	570,011	558,829	574,606
American Depository Shares
Weighted average (in shares)	21,920	22,191	21,903	22,336
Diluted weighted average (in shares)	22,358	22,800	22,353	22,984
Subscription
Revenue
Total revenue	$ 27,623	$ 32,099	$ 53,498	$ 63,737
Cost of revenue
Total cost of revenue	7,676	9,417	15,025	18,712
Hardware and other
Revenue
Total revenue	3,325	4,562	4,947	9,207
Cost of revenue
Total cost of revenue	$ 2,621	$ 3,028	$ 3,850	$ 5,961

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 3,452	$ 3,346	$ 5,874	$ 8,342
Other comprehensive (loss)/income
Foreign currency translation adjustments, net of tax	1,561	(5,573)	3,645	(3,846)
Total comprehensive (loss)/income	5,013	(2,227)	9,519	4,496
Less: Total comprehensive income attributable to non-controlling interest	0	0	0	0
Total comprehensive (loss)/income attributable to MiX Telematics Limited	$ 5,013	$ (2,227)	$ 9,519	$ 4,496

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Treasury Stock	Accumulated Other Comprehensive Income/(Loss)	Accumulated Other Comprehensive Income/(Loss)Cumulative Effect, Period of Adoption, Adjustment	Additional Paid-In Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Total MiX Telematics Limited Stockholders’ Equity	Total MiX Telematics Limited Stockholders’ EquityCumulative Effect, Period of Adoption, Adjustment	Non-Controlling Interest
Beginning balance (in shares) at Mar. 31, 2019			601,948
Beginning balance at Mar. 31, 2019	$ 116,941	$ (262)	$ 68,200	$ (9,227)	$ 2,115	$ (22)	$ (6,902)	$ 62,750	$ (240)	$ 116,936	$ (262)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Net income	$ 8,342							8,342		8,342
Other comprehensive loss	(3,846)				(3,846)					(3,846)
Issuance of common stock in relation to stock options and SARs exercised (in shares)			1,988
Issuance of common stock in relation to stock options and SARs exercised	0
Stock-based compensation	457						457			457
Dividends	(3,095)							(3,095)		(3,095)
Purchase of treasury stock	(8,222)			(8,222)						(8,222)
Ending balance (in shares) at Sep. 30, 2019			603,936
Ending balance at Sep. 30, 2019	110,315		$ 68,200	(17,449)	(1,753)		(6,445)	67,757		110,310		$ 5
Beginning balance (in shares) at Jun. 30, 2019			602,472
Beginning balance at Jun. 30, 2019	121,950		$ 68,200	(9,227)	3,820		(6,791)	65,943		121,945		5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,346							3,346		3,346
Other comprehensive loss	(5,573)				(5,573)					(5,573)
Issuance of common stock in relation to stock options and SARs exercised (in shares)			1,464
Issuance of common stock in relation to stock options and SARs exercised	0
Stock-based compensation	346						346			346
Dividends	(1,532)							(1,532)		(1,532)
Purchase of treasury stock	(8,222)			(8,222)						(8,222)
Ending balance (in shares) at Sep. 30, 2019			603,936
Ending balance at Sep. 30, 2019	$ 110,315		$ 68,200	(17,449)	(1,753)		(6,445)	67,757		110,310		5
Beginning balance (in shares) at Mar. 31, 2020	600,900		600,934
Beginning balance at Mar. 31, 2020	$ 99,025		$ 66,522	(17,315)	(11,070)		(6,599)	67,482		99,020		5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,874							5,874		5,874
Other comprehensive loss	3,645				3,645					3,645
Issuance of common stock in relation to stock options and SARs exercised (in shares)			3,946
Issuance of common stock in relation to stock options and SARs exercised	825		$ 825							825
Stock-based compensation	594						594			594
Dividends	$ (2,510)							(2,510)		(2,510)
Ending balance (in shares) at Sep. 30, 2020	604,900		604,880
Ending balance at Sep. 30, 2020	$ 107,453		$ 67,347	(17,315)	(7,425)		(6,005)	70,846		107,448		5
Beginning balance (in shares) at Jun. 30, 2020			601,019
Beginning balance at Jun. 30, 2020	102,607		$ 66,522	(17,315)	(8,986)		(6,306)	68,687		102,602		5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,452							3,452		3,452
Other comprehensive loss	1,561				1,561					1,561
Issuance of common stock in relation to stock options and SARs exercised (in shares)			3,861
Issuance of common stock in relation to stock options and SARs exercised	825		$ 825							825
Stock-based compensation	301						301			301
Dividends	$ (1,293)							(1,293)		(1,293)
Ending balance (in shares) at Sep. 30, 2020	604,900		604,880
Ending balance at Sep. 30, 2020	$ 107,453		$ 67,347	$ (17,315)	$ (7,425)		$ (6,005)	$ 70,846		$ 107,448		$ 5

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	3 Months Ended				6 Months Ended
	Sep. 30, 2020R / shares	Sep. 30, 2020$ / shares	Sep. 30, 2019R / shares	Sep. 30, 2019$ / shares	Sep. 30, 2020R / shares	Sep. 30, 2020$ / shares	Sep. 30, 2019R / shares	Sep. 30, 2019$ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared (in ZAR/USD per share) | (per share)	R 0.04	$ 0.3	R 0.04	$ 0.3	R 0.04	$ 0.2	R 0.04	$ 0.2

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities
Cash generated from operations	$ 22,295	$ 17,218
Interest received	206	419
Interest paid	(153)	(156)
Income tax paid	(1,590)	(2,915)
Net cash provided by operating activities	20,758	14,566
Cash flows from investing activities
Acquisition of property and equipment – in-vehicle devices	(2,590)	(8,422)
Acquisition of property and equipment – other	(160)	(516)
Proceeds from the sale of property and equipment	0	1,327
Acquisition of intangible assets	(1,972)	(2,641)
Loans to external parties	0	(350)
Net cash used in investing activities	(4,722)	(10,602)
Cash flows from financing activities
Proceeds from issuance of ordinary shares in relation to stock options exercised	825	0
Cash paid for ordinary shares repurchased	0	(8,222)
Cash paid on dividends to MiX Telematics Limited stockholders	(2,506)	(3,084)
Movement in short-term debt	740	539
Net cash used in financing activities	(941)	(10,767)
Net (decrease)/increase in cash and cash equivalents, and restricted cash	15,095	(6,803)
Cash and cash equivalents, and restricted cash at beginning of the period	18,652	27,838
Effect of exchange rate changes on cash and cash equivalents, and restricted cash	887	(294)
Cash and cash equivalents, and restricted cash at end of the period	$ 34,634	$ 20,741

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies Nature of the Business MiX Telematics Limited (the "Company") is a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service ("SaaS"). The Company’s solutions provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency, risk and security. The Company is incorporated and domiciled in South Africa, with the principal executive office in Boca Raton, Florida. Basis of preparation and consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and reflect, in the opinion of management, all adjustments, consisting of normal recurring adjustments and accruals, which are necessary for a fair statement of the results of the interim periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation. These unaudited condensed consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended March 31, 2020 filed with the SEC on July 23, 2020. Use of estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the amounts reported and disclosed. Significant estimates include, but are not limited to, allowances for doubtful accounts, the assessment of expected cash flows used in evaluating goodwill and long-lived assets for impairment, the amortization period for deferred commissions, the determination of useful lives of the Company’s customer relationships, contingencies, the classification of devices and other hardware as in-vehicle devices (equipment) versus inventory based on the future expectation of the different types of customer contracts, income and deferred taxes, unrecognized tax benefits and valuation allowances on deferred tax assets. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. As of September 30, 2020, the global outbreak of COVID-19 has had and, we believe, will continue to have an adverse impact on global economies and financial markets. We have taken into account the impact of COVID-19, to the extent possible, on our financial statements. However, future changes in economic conditions related to COVID-19 could have an impact on future estimates and judgements used, particularly those relating to goodwill sensitivities and impairment assessments. Summary of significant accounting policies There have been no changes to the Company’s significant accounting policies disclosed in the Company’s Annual Report on Form 10-K for the year ended March 31, 2020, filed with the SEC on July 23, 2020, that have had a material impact on the Company’s Condensed Consolidated Financial Statements and related notes.

Revenue from contracts with cus

Revenue from contracts with customers	6 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from contracts with customers	Revenue from contracts with customers The Company provides fleet and mobile asset management solutions. The principal revenue streams are (1) Subscription and (2) Hardware and other. Subscription revenue is recognized over time and hardware and other revenue is recognized at a point-in-time. To provide services to customers, a device is required which collects and transmits information collected from the vehicle or other asset. Fleet customers may also obtain other items of hardware, virtually all of which are functionally-dependent on the device. Some customers obtain control of the device and other hardware (where legal title transfers to the customer); while other customers do not (where legal title remains with the Company). A contract arises on the acceptance of a customer’s purchase order, which is typically executed in writing. Contract modifications As a result of the adverse impact that the COVID-19 pandemic has had on certain of the Company’s customers, various pricing concessions relating to subscriptions, in the form of payment holidays and discounts on monthly billings, were granted during the six months ended September 30, 2020. These pricing concessions were accounted for as contract modifications under ASC 606 Revenue from Contracts with Customers ("ASC 606"), which had the effect of reducing the transaction prices allocated to the remaining distinct performance obligations in the contracts. Accordingly, the effect of the pricing concessions is being recognized as those remaining subscription services are provided. A contract asset of $0.6 million, representing amounts that will only be billed in future periods, was recognized as of September 30, 2020, and is included in Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheet. Contract liabilities When customers are invoiced in advance for subscription services that will be provided over periods of more than one month, or pay in advance of service periods of more t han one month, contract liabilities are recorded. Deferred revenue as of March 31, 2020 and September 30, 2020 was $5.1 million and $4.5 million, respectively. During the quarter ended September 30, 2019 and September 30, 2020, revenue of $0.9 m illion and $0.6 million, respectively, was recognized which was included in the deferred revenue balances at the beginning of each quarter. Revenue of $2.8 million and $1.7 million was recognized for the six months ended September 30, 2019 and September 30, 2020, respectively, which had been included in deferred revenue balances at the beginning of each such financial year. Contract acquisition costs Commissions payable to sales employees and external third parties which are incurred to acquire contracts are capitalized and amortized, unless the amortization period is 12 months or less, in which instance they are expensed immediately. Deferred commissions were $3.6 million and $3.5 million as of March 31, 2020 and September 30, 2020, respectively, and are included in Other assets on the Condensed Consolidated Balance Sheet. The following is a summary of the amortization expense recognized (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Amortization recognized during the quarter: $ (863) $ (782) $ (1,674) $ (1,475) – Cost of revenue (external commissions) (622) (563) (1,202) (1,048) – Sales and marketing (internal commissions) (241) (219) (472) (427)

Credit risk related to accounts

Credit risk related to accounts receivables	6 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Credit risk related to accounts receivables	Credit risk related to accounts receivables The movements in the allowance for doubtful accounts are as follows (in thousands): Six Months Ended September 30, 2019 2020 Balance at April 1 $ 3,019 $ 3,602 Bad debt provision 1,554 2,273 Write-offs, net of recoveries (287) (1,748) Foreign currency translation differences (162) 153 Balance at September 30 $ 4,124 $ 4,280 Overview of the Company’s exposure to credit risk from customers The maximum exposure to credit risk at the reporting date is the carrying value of each receivable and loan to external parties, net of impairment losses where relevant. Other than 18% of the gross receivable balance relating to four debtors as of September 30, 2020 (as of March 31, 2020: 15% of the gross receivable balance relating to four debtors), the Company has no significant concentration of credit risk, due to its spread of customers across various operations and geographical locations. The Company does not hold any collateral as security. Net accounts receivables as of March 31, 2020 and September 30, 2020 of $2.9 million and $1.3 million, respectively, are pledged as security for the Company’s overdraft facilities.

Property and equipment

Property and equipment	6 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Property, and equipment	Property and equipment Property and equipment comprises owned and right of use assets. The Company leases many assets including property, vehicles, machinery and IT equipment. The cost and accumulated depreciation of owned equipment are as follows (in thousands): March 31, September 30, Owned equipment Equipment, vehicles and other $ 6,114 $ 6,461 In-vehicle devices 52,824 53,564 Less: accumulated depreciation and impairments (35,397) (39,033) Owned equipment, net $ 23,541 $ 20,992 Total depreciation expense related to owned equipment during the three months ended September 30, 2019 and 2020 was $3.4 million and $3.0 million, respectively. Depreciation relating to owned equipment was $6.7 million and $5.8 million during the six months ended September 30, 2019 and 2020, respectively. Depreciation expense related to in-vehicle devices is included in subscription cost of revenue. The cost and accumulated depreciation of right-of-use property and equipment are as follows (in thousands): March 31, September 30, Right-of-use assets Property $ 7,724 $ 8,073 Equipment, vehicles and other 250 191 Less: accumulated depreciation (1,496) (2,089) Right of use property and equipment, net $ 6,478 $ 6,175

Intangible assets

Intangible assets	6 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets	Intangible assets Intangible assets comprise the following (in thousands): As of March 31, 2020 As of September 30, 2020 Useful life (in years) Gross Carrying amount Accumulated amortization Net Gross Carrying amount Accumulated amortization Net Patents and trademarks 3 - 20 $ 76 $ (45) $ 31 $ 60 $ (31) $ 29 Customer relationships 2 - 15 2,600 (2,068) 532 2,643 (2,195) 448 Internal-use software, technology and other 1 - 18 26,508 (12,064) 14,444 29,785 (14,203) 15,582 Total $ 29,184 $ (14,177) $ 15,007 $ 32,488 $ (16,429) $ 16,059

Accrued expenses and other liab

Accrued expenses and other liabilities	6 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Accrued expenses and other liabilities	Accrued expenses and other liabilities Accrued expenses comprise the following (in thousands): March 31, September 30, Current: Product warranties $ 601 $ 600 Maintenance 357 504 Employee-related accruals 5,296 7,096 Lease liabilities 1,094 1,489 Accrued income tax payable 736 1,546 Other accruals 6,755 7,600 Total current $ 14,839 $ 18,835 Non-current: Lease liabilities $ 5,413 $ 4,824 Other liabilities 247 229 Total non-current $ 5,660 $ 5,053 Product warranties The Company provides warranties on certain products and undertakes to repair or replace items that fail to perform satisfactorily. Management estimates the related provision for future warranty claims based on historical warranty claim information, the product lifetime, as well as recent trends that might suggest that past cost information may differ from future claims. The table below provides details of the movement in the accrual (in thousands): Six Months Ended September 30, 2019 2020 Product warranties Balance at April 1 $ 777 $ 616 Statement of Income charge 156 43 Utilized (268) (81) Foreign currency translation difference (28) 33 Balance at September 30 $ 637 $ 611 Non-current portion (included in other liabilities) $ 18 $ 11 Current portion $ 619 $ 600

Income taxes

Income taxes	6 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income taxes	Income taxesOur income tax provision reflects our estimate of the effective tax rates expected to be applicable for the full fiscal years, adjusted for any discrete events which are recorded in the period they occur. The estimates are re-evaluated each quarter based on our estimated tax expense for the full fiscal year. Our effective tax rate was 33.5% for the six months ended September 30, 2019 compared to 15.4% for the six months ended September 30, 2020. Our effective tax rate was 47.8% for the three months ended September 30, 2019 compared to 22.0% for the three months ended September 30, 2020. Ignoring the impact of foreign exchange gains and losses net of tax, the e ffective tax rate for the six months

Earnings per share

Earnings per share	6 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings per share	Earnings per share Basic Basic earnings per share is calculated by dividing the income attributable to ordinary shareholders of the parent by the weighted average number of ordinary shares in issue during the period. The net income and weig hted average number of shares used in the calculation of basic and diluted earnings per share are as follows (in thousands, except per share data): Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Numerator (basic) Net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Denominator (basic) Weighted-average number of ordinary shares in issue 554,781 548,008 558,401 547,569 Basic earnings per share $ 0.01 $ 0.01 $ 0.01 $ 0.01 American Depository Shares*: Net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Weighted-average number of American Depository Shares in issue 22,191 21,920 22,336 21,903 Basic earnings per American Depository share $ 0.15 $ 0.16 $ 0.37 $ 0.27 *One American Depository Share is the equivalent of 25 ordinary shares. Diluted Diluted earnings per share is calculated by dividing the diluted income attributable to ordinary shareholders by the diluted weighted average number of ordinary shares in issue during the period. Stock options, stock appreciation rights, performance share s and restricted share units g ranted to employees under the TeliMatrix Group Executive Incentive Scheme and the MiX Telematics Long-Term Incentive Plan ("LTIP") are considered to be potential ordinary shares. They have been included in the determination of diluted earnings per share if the required performance condition (if applicable) would have been met based on the performance up to the reporting date, and to the extent to which they are dilutive. Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Numerator (diluted) Diluted net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Denominator (diluted) Weighted-average number of ordinary shares in issue 554,781 548,008 558,401 547,569 Adjusted for: – potentially dilutive effect of stock appreciation rights 13,482 9,339 14,358 9,517 – potentially dilutive effect of stock options and restricted share units 1,748 1,604 1,847 1,743 Diluted-weighted average number of ordinary shares in issue 570,011 558,951 574,606 558,829 Diluted earnings per share $ 0.01 $ 0.01 $ 0.01 $ 0.01 American Depository Shares*: Diluted net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Diluted weighted-average number of American Depository Shares in issue 22,800 22,358 22,984 22,353 Diluted earnings per American Depository share $ 0.15 $ 0.15 $ 0.36 $ 0.26 *One American Depository Share is the equivalent of 25 ordinary shares.

Segment information

Segment information	6 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment information	Segment information The Company has 6 reportable segments, which are based on the geographical location of the 5 Regional Sales Offices ("RSOs") and also includes the Central Services Organization ("CSO"). CSO is the central services organization that wholesales products and services to RSOs which, in turn, interface with our end-customers, distributors and dealers. CSO is also responsible for the development of hardware and software platforms and provides common marketing, product management, technical and distribution support to each of the other reportable segments. CSO is a reportable segment because it produces discrete financial information which is reviewed by the chief operating decision maker ("CODM") and has the ability to generate external revenues. The CODM has been identified collectively as the executive committee and the Chief Executive Officer who make strategic decisions. The performance of the reportable segments has been measured and evaluated by the CODM using Segment Adjusted EBITDA, which is a measure that uses net income, determined under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, as a starting point. Segment assets are not disclosed because such information is not reviewed by the CODM. The following table provides revenue and Segment Adjusted EBITDA (in thousands): Three Months Ended September 30, 2019 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 17,868 $ 1,438 $ 19,306 $ 8,585 Europe 2,862 760 3,622 1,367 Americas 5,675 454 6,129 3,006 Middle East and Australasia 4,317 1,623 5,940 2,814 Brazil 1,350 286 1,636 671 Total Regional Sales Offices 32,072 4,561 36,633 16,443 Central Services Organization 27 1 28 (2,530) Total Segment Results $ 32,099 $ 4,562 $ 36,661 $ 13,913 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Three Months Ended September 30, 2020 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 14,855 $ 1,635 $ 16,490 $ 7,249 Europe 2,919 474 3,393 1,536 Americas 4,786 240 5,026 2,170 Middle East and Australasia 4,118 948 5,066 2,405 Brazil 928 28 956 363 Total Regional Sales Offices 27,606 3,325 30,931 13,723 Central Services Organization 17 — 17 (1,674) Total Segment Results $ 27,623 $ 3,325 $ 30,948 $ 12,049 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Six Months Ended September 30, 2019 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 35,554 $ 2,819 $ 38,373 $ 16,942 Europe 5,649 1,317 6,966 2,438 Americas 11,337 1,340 12,677 5,364 Middle East and Australasia 8,578 3,246 11,824 5,568 Brazil 2,567 447 3,014 1,294 Total Regional Sales Offices 63,685 9,169 72,854 31,606 Central Services Organization 52 38 90 (5,175) Total Segment Results $ 63,737 $ 9,207 $ 72,944 $ 26,431 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Six Months Ended September 30, 2020 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 28,778 $ 2,236 $ 31,014 $ 14,494 Europe 5,769 608 6,377 2,838 Americas 8,961 395 9,356 3,578 Middle East and Australasia 7,999 1,657 9,656 4,323 Brazil 1,959 51 2,010 773 Total Regional Sales Offices 53,466 4,947 58,413 26,006 Central Services Organization 32 — 32 (3,537) Total Segment Results $ 53,498 $ 4,947 $ 58,445 $ 22,469 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. A reconciliation of the segment results to income before income tax expense is disclosed below (in thousands). Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Segment Adjusted EBITDA $ 13,913 $ 12,049 $ 26,431 $ 22,469 Corporate and consolidation entries (2,221) (2,507) (3,977) (4,837) Operating lease costs (1) (419) (399) (727) (791) Product development costs (2) (299) (271) (690) (514) Depreciation and amortization (4,401) (3,836) (8,653) (7,464) Impairment of long-lived assets — (1) — (1) Stock-based compensation costs (178) (301) (289) (594) Decrease/(increase) in restructuring costs (3) 1 (153) 1 (997) Net profit/(loss) on sale of property and equipment 40 (7) 356 (8) Net foreign exchange (losses)/gains (36) (78) 11 (183) Net interest income/(expense) 4 (70) 77 (140) Income before income tax expense for the period $ 6,404 $ 4,426 $ 12,540 $ 6,940 1. For the purposes of calculating Segment Adjusted EBITDA, operating leases have been capitalized, except for leases with a term of no more than 12 months or leases of low value assets. Where operating leases are capitalized for segment purposes, the amortization of the right-of-use asset and the interest on the operating lease liability are excluded from the Segment Adjusted EBITDA. Therefore, in order to reconcile Segment Adjusted EBITDA to income before taxes, the total lease expense in respect of operating leases needs to be deducted. 2. For segment reporting purposes, product development costs, which do not meet the capitalization requirements under ASC 730 Research and Development or under ASC 985 Software , are capitalized and amortized. The amortization is excluded from Segment Adjusted EBITDA. In order to reconcile Segment Adjusted EBITDA to net income before taxes, product development costs capitalized for segment reporting purposes need to be deducted. 3. For the three months ended September 30, 2020, $0.1 million of the restructuring costs related to the North America reporting segment. For the six months ended September 30, 2020, $0.6 million, $0.2 million and $0.1 million of the restructuring costs related to the CSO, Africa, and North America reporting segments, respectively. No single customer accounted for 10% or more of the Company’s total revenue for the three or six months ended September 30, 2019 and 2020. No single customer accounted for 10% or more of the Company’s accounts receivables as of March 31, 2020 or September 30, 2020.

Stock-based compensation plan

Stock-based compensation plan	6 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock-based compensation plan	Stock-based compensation plan The Company has issued share incentives under two equity-classified incentive plans, the TeliMatrix Group Executive Incentive Scheme and the LTIP, to directors and certain key employees within the Company. Since the introduction of the LTIP during 2014, no further awards have been made in terms of the TeliMatrix Group Executive Incentive Scheme. The LTIP provides for three types of grants to be issued, namely performance shares, restricted share units ("RSUs") or stock appreciation rights ("SARs"). As of September 30, 2020, there were 47,090,000 s hares reserved for future issuance under the LTIP. The total stock-based compensation expense recognized during the three months ended September 30, 2019 and 2020 was $0.2 million and $0.3 million, respectively. T otal stock-based compensation expense recognized during the six months ended September 30, 2019 and 2020 was $0.3 million and $0.6 million, respectively. Stock appreciation rights granted under the LTIP The following table summarizes the activities for the unvested SARs: Number of SARs Weighted- Weighted Average Contractual Remaining Term (years) Aggregate Intrinsic Values (in thousands) Outstanding as of April 1, 2020 32,943,750 31 Granted 11,200,000 35 Exercised (900,470) 19 Forfeited (33,905) 19 Outstanding as of September 30, 2020 43,209,375 32 3.76 Vested and expected to vest as of September 30, 2020 41,702,500 32 2.96 3,206 Vested as of September 30, 2020 13,071,875 17 1.79 2,367 As of September 30, 2020, there was $2.4 million of unr ecogn ized compensation cost related to unvested SARs. This amount is expected to be recognized over a weighted-average p eriod of 4.62 years . Share Options During the three months ended September 30, 2020, the remaining 3,500,000 share options under the Telimatrix Group Executive Incentive Scheme were exercised by the group executives at an award price of 24 U.S. cents* per share. * The award price was denominated in South African cents. U.S. currency amounts are based on a ZAR:USD exchange rate of R17.003 as of September 30, 2020. Restricted share units granted under the LTIP Under the LTIP, RSUs may be issued to certain directors and key employees. The scheme rules allow for a maximum of 2 million RSUs to be granted in any financial year and for a maximum of 12 million RSUs to be granted in aggregate over the life of the plan. 2 million time-based RSUs were granted for the first time under the scheme on June 1, 2020, and will vest in tranches of 50% per annum, commencing on the second anniversary of the grant date. Vesting is conditional upon remaining employed with the Company. Management estimates forfeiture to be approximately 5%. Settlement will take place in the Company’s shares. The Company has no legal or constructive obligation to settle the RSUs in cash. The weighted average grant date fair value per RSU granted was 30 U.S. cents**. The grant date fair value was determined by deducting the present value of expected dividends to be paid per share prior to vesting from the closing market price of the Company’s shares on the grant date. The unrecognized compensation cost related to unvested RSUs as of September 30, 2020 was $0.5 million, which will be recognized over a weighted average period of 2.5 years. **U.S. currency amounts are based on a ZAR:USD exchange rate of R17.003 as of September 30, 2020.

Debt

Debt	6 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt The Company and its subsidiaries have unlimited borrowing capacity as specified in their respective Memorandums of Incorporation. As of March 31, 2020 and September 30, 2020, debt comprised bank overdrafts of $2.4 million and $3.2 million, respectively. Net accounts receivables as of March 31, 2020 and September 30, 2020 of $2.9 million and $1.3 million, respectively, are pledged as security for the Company’s overdraft facilities. Details of undrawn facilities are shown below: Interest rate March 31, September 30, Undrawn borrowing facilities at floating rates include: – Standard Bank Limited: Overdraft SA Prime* less 1.2% $ 1,204 $ 579 Vehicle and asset finance SA Prime* less 1.2% 474 500 Working capital facility SA Prime* less 0.25% 1,395 1,470 – Nedbank Limited overdraft SA Prime* less 2% 558 588 $ 3,631 $ 3,137 *South African prime interest rate As of March 31, 2020 and September 30, 2020, the prime interest rate was 8.75 % and 7.00%, respectively. The Standard Bank Limited and Nedbank Limited facilities have no fixed renewal date and are repayable on demand. The facility from Nedbank Limited is unsecured.

Restructuring costs

Restructuring costs	6 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring costs	Restructuring costsDuring the three and six months ended September 30, 2020, the Company incurred $0.2 million and $1.0 million of restructuring costs, respectively, as a result of measures to minimize the adverse economic and business effect of the COVID-19 pandemic and to re-align resources with the Company's current business outlook and cost structure. The restructuring costs comprised employee termination benefits. $0.6 million, $0.2 million and $0.1 million of the restructuring costs for the six months ended September 30, 2020, related to the CSO, Africa, and North America reporting segments, respectively. As of September 30, 2020, all of the restructuring costs had been paid except for $0.1 million in respect of the Africa reporting segment, which is expected to be settled by December 31, 2020. Restructuring costs are included in Administration and other expenses in the Condensed Consolidated Statement of Income.

Contingencies

Contingencies	6 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Service agreement In terms of an amended network services agreement with Mobile Telephone Networks Proprietary Limited ("MTN"), MTN is entitled to claw back payments from MiX Telematics Africa Proprietary Limited, a subsidiary of the Company, in the event of early cancellation of the agreement or certain base connections not being maintained over the term of the agreement. No connection incentive s will be received in terms of the amended network services agreement. The maximum potential liability under the arrangement as of March 31, 2020 and September 2020 was $1.9 million and $1.9 million, respectively. No loss is consider ed probable under this arrangement. Competition Commission of South Africa matter On April 15, 2019 the Competition Commission of South Africa ("Commission") referred a matter to the Competition Tribunal of South Africa ("Tribunal"). The Commission contends that the Company and a number of its channel partners have engaged in market division. Should the Tribunal rule against MiX Telematics, the Company may be liable to an administrative penalty in terms of the Competition Act, No. 89 of 1998. The Company had cooperated fully with the Commission during its preliminary investigation. We cannot predict the timing of a resolution or the ultimate outcome of the matter, however, the Company and its external legal advisers continue to believe that we have consistently adhered to all applicable laws and regulations and that the referral from the Commission is without merit. We have therefore not made any provisions for this matter as we do not believe that an outflow of economic resources is probable. The Ugandan Value Added Tax ("VAT") matter The Ugandan Revenue Authorities (“URA”) have reviewed MiX Telematics’ cross-border services and assert that VAT is payable on these imported services in terms of the place of supply rules included within its local VAT legislation. On January 18, 2018, MiX Telematics East Africa Limited (“MiX East Africa”) instituted proceedings in the Tax Appeals Tribunal to challenge the URA’s decision on this matter based on the interpretation of the law and calculation errors by the URA. MiX East Africa appeared in front of the Tax Appeals Tribunal on a number of occasions to present its defense, but the Tax Appeals Tribunal ruled in favor of the URA. On September 19, 2019, MiX East Africa appealed the decision to the High Court of Uganda. This matter is ongoing, and provisions have been made based on current information at hand.

Subsequent events

Subsequent events	6 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent events	Subsequent events Other than the items below, the directors are not aware of any matter material or otherwise arising since September 30, 2020 and up to the date of this report, not otherwise dealt with herein. Dividend declared The Board of Directors declared, in respect of the three months ended September 30, 2020, a dividend of 4 South African cents per ordinary share and 1 South African Rand per ADS, which will be paid on December 8, 2020 to shareholders on record as of the close of business on November 20, 202 0.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of preparation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP") and reflect, in the opinion of management, all adjustments, consisting of normal recurring adjustments and accruals, which are necessary for a fair statement of the results of the interim periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC").
Consolidation	The unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation.These unaudited condensed consolidated financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended March 31, 2020 filed with the SEC on July 23, 2020.
Use of estimates	Use of estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the amounts reported and disclosed. Significant estimates include, but are not limited to, allowances for doubtful accounts, the assessment of expected cash flows used in evaluating goodwill and long-lived assets for impairment, the amortization period for deferred commissions, the determination of useful lives of the Company’s customer relationships, contingencies, the classification of devices and other hardware as in-vehicle devices (equipment) versus inventory based on the future expectation of the different types of customer contracts, income and deferred taxes, unrecognized tax benefits and valuation allowances on deferred tax assets. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. As of September 30, 2020, the global outbreak of COVID-19 has had and, we believe, will continue to have an adverse impact on global economies and financial markets. We have taken into account the impact of COVID-19, to the extent possible, on our financial statements. However, future changes in economic conditions related to COVID-19 could have an impact on future estimates and judgements used, particularly those relating to goodwill sensitivities and impairment assessments.

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	6 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Summary of Recognized Amortization Expense	The following is a summary of the amortization expense recognized (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Amortization recognized during the quarter: $ (863) $ (782) $ (1,674) $ (1,475) – Cost of revenue (external commissions) (622) (563) (1,202) (1,048) – Sales and marketing (internal commissions) (241) (219) (472) (427)

Credit risk related to accoun_2

Credit risk related to accounts receivables (Tables)	6 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of Movements in the Allowance for Doubtful Debts	The movements in the allowance for doubtful accounts are as follows (in thousands): Six Months Ended September 30, 2019 2020 Balance at April 1 $ 3,019 $ 3,602 Bad debt provision 1,554 2,273 Write-offs, net of recoveries (287) (1,748) Foreign currency translation differences (162) 153 Balance at September 30 $ 4,124 $ 4,280

Property and equipment (Tables)

Property and equipment (Tables)	6 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	The cost and accumulated depreciation of owned equipment are as follows (in thousands): March 31, September 30, Owned equipment Equipment, vehicles and other $ 6,114 $ 6,461 In-vehicle devices 52,824 53,564 Less: accumulated depreciation and impairments (35,397) (39,033) Owned equipment, net $ 23,541 $ 20,992 The cost and accumulated depreciation of right-of-use property and equipment are as follows (in thousands): March 31, September 30, Right-of-use assets Property $ 7,724 $ 8,073 Equipment, vehicles and other 250 191 Less: accumulated depreciation (1,496) (2,089) Right of use property and equipment, net $ 6,478 $ 6,175

Intangible assets (Tables)

Intangible assets (Tables)	6 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets comprise the following (in thousands): As of March 31, 2020 As of September 30, 2020 Useful life (in years) Gross Carrying amount Accumulated amortization Net Gross Carrying amount Accumulated amortization Net Patents and trademarks 3 - 20 $ 76 $ (45) $ 31 $ 60 $ (31) $ 29 Customer relationships 2 - 15 2,600 (2,068) 532 2,643 (2,195) 448 Internal-use software, technology and other 1 - 18 26,508 (12,064) 14,444 29,785 (14,203) 15,582 Total $ 29,184 $ (14,177) $ 15,007 $ 32,488 $ (16,429) $ 16,059

Accrued expenses and other li_2

Accrued expenses and other liabilities (Tables)	6 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses comprise the following (in thousands): March 31, September 30, Current: Product warranties $ 601 $ 600 Maintenance 357 504 Employee-related accruals 5,296 7,096 Lease liabilities 1,094 1,489 Accrued income tax payable 736 1,546 Other accruals 6,755 7,600 Total current $ 14,839 $ 18,835 Non-current: Lease liabilities $ 5,413 $ 4,824 Other liabilities 247 229 Total non-current $ 5,660 $ 5,053
Schedule of Product Warranties	The table below provides details of the movement in the accrual (in thousands): Six Months Ended September 30, 2019 2020 Product warranties Balance at April 1 $ 777 $ 616 Statement of Income charge 156 43 Utilized (268) (81) Foreign currency translation difference (28) 33 Balance at September 30 $ 637 $ 611 Non-current portion (included in other liabilities) $ 18 $ 11 Current portion $ 619 $ 600

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Basic Earnings Per Share	The net income and weig hted average number of shares used in the calculation of basic and diluted earnings per share are as follows (in thousands, except per share data): Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Numerator (basic) Net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Denominator (basic) Weighted-average number of ordinary shares in issue 554,781 548,008 558,401 547,569 Basic earnings per share $ 0.01 $ 0.01 $ 0.01 $ 0.01 American Depository Shares*: Net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Weighted-average number of American Depository Shares in issue 22,191 21,920 22,336 21,903 Basic earnings per American Depository share $ 0.15 $ 0.16 $ 0.37 $ 0.27 *One American Depository Share is the equivalent of 25 ordinary shares.
Schedule of Diluted Earnings Per Share	Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Numerator (diluted) Diluted net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Denominator (diluted) Weighted-average number of ordinary shares in issue 554,781 548,008 558,401 547,569 Adjusted for: – potentially dilutive effect of stock appreciation rights 13,482 9,339 14,358 9,517 – potentially dilutive effect of stock options and restricted share units 1,748 1,604 1,847 1,743 Diluted-weighted average number of ordinary shares in issue 570,011 558,951 574,606 558,829 Diluted earnings per share $ 0.01 $ 0.01 $ 0.01 $ 0.01 American Depository Shares*: Diluted net income attributable to ordinary shareholders $ 3,346 $ 3,452 $ 8,342 $ 5,874 Diluted weighted-average number of American Depository Shares in issue 22,800 22,358 22,984 22,353 Diluted earnings per American Depository share $ 0.15 $ 0.15 $ 0.36 $ 0.26 *One American Depository Share is the equivalent of 25 ordinary shares.

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Information	The following table provides revenue and Segment Adjusted EBITDA (in thousands): Three Months Ended September 30, 2019 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 17,868 $ 1,438 $ 19,306 $ 8,585 Europe 2,862 760 3,622 1,367 Americas 5,675 454 6,129 3,006 Middle East and Australasia 4,317 1,623 5,940 2,814 Brazil 1,350 286 1,636 671 Total Regional Sales Offices 32,072 4,561 36,633 16,443 Central Services Organization 27 1 28 (2,530) Total Segment Results $ 32,099 $ 4,562 $ 36,661 $ 13,913 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Three Months Ended September 30, 2020 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 14,855 $ 1,635 $ 16,490 $ 7,249 Europe 2,919 474 3,393 1,536 Americas 4,786 240 5,026 2,170 Middle East and Australasia 4,118 948 5,066 2,405 Brazil 928 28 956 363 Total Regional Sales Offices 27,606 3,325 30,931 13,723 Central Services Organization 17 — 17 (1,674) Total Segment Results $ 27,623 $ 3,325 $ 30,948 $ 12,049 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Six Months Ended September 30, 2019 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 35,554 $ 2,819 $ 38,373 $ 16,942 Europe 5,649 1,317 6,966 2,438 Americas 11,337 1,340 12,677 5,364 Middle East and Australasia 8,578 3,246 11,824 5,568 Brazil 2,567 447 3,014 1,294 Total Regional Sales Offices 63,685 9,169 72,854 31,606 Central Services Organization 52 38 90 (5,175) Total Segment Results $ 63,737 $ 9,207 $ 72,944 $ 26,431 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time. Six Months Ended September 30, 2020 Subscription revenue (1) Hardware and other revenue (2) Total revenue Segment Adjusted EBITDA Regional Sales Offices Africa $ 28,778 $ 2,236 $ 31,014 $ 14,494 Europe 5,769 608 6,377 2,838 Americas 8,961 395 9,356 3,578 Middle East and Australasia 7,999 1,657 9,656 4,323 Brazil 1,959 51 2,010 773 Total Regional Sales Offices 53,466 4,947 58,413 26,006 Central Services Organization 32 — 32 (3,537) Total Segment Results $ 53,498 $ 4,947 $ 58,445 $ 22,469 1. Subscription revenue is recognized over time. 2. Hardware and other revenue is recognized at a point in time.
Reconciliation of Segment Results to Income Before Tax	A reconciliation of the segment results to income before income tax expense is disclosed below (in thousands). Three Months Ended September 30, Six Months Ended September 30, 2019 2020 2019 2020 Segment Adjusted EBITDA $ 13,913 $ 12,049 $ 26,431 $ 22,469 Corporate and consolidation entries (2,221) (2,507) (3,977) (4,837) Operating lease costs (1) (419) (399) (727) (791) Product development costs (2) (299) (271) (690) (514) Depreciation and amortization (4,401) (3,836) (8,653) (7,464) Impairment of long-lived assets — (1) — (1) Stock-based compensation costs (178) (301) (289) (594) Decrease/(increase) in restructuring costs (3) 1 (153) 1 (997) Net profit/(loss) on sale of property and equipment 40 (7) 356 (8) Net foreign exchange (losses)/gains (36) (78) 11 (183) Net interest income/(expense) 4 (70) 77 (140) Income before income tax expense for the period $ 6,404 $ 4,426 $ 12,540 $ 6,940 1. For the purposes of calculating Segment Adjusted EBITDA, operating leases have been capitalized, except for leases with a term of no more than 12 months or leases of low value assets. Where operating leases are capitalized for segment purposes, the amortization of the right-of-use asset and the interest on the operating lease liability are excluded from the Segment Adjusted EBITDA. Therefore, in order to reconcile Segment Adjusted EBITDA to income before taxes, the total lease expense in respect of operating leases needs to be deducted. 2. For segment reporting purposes, product development costs, which do not meet the capitalization requirements under ASC 730 Research and Development or under ASC 985 Software , are capitalized and amortized. The amortization is excluded from Segment Adjusted EBITDA. In order to reconcile Segment Adjusted EBITDA to net income before taxes, product development costs capitalized for segment reporting purposes need to be deducted. 3. For the three months ended September 30, 2020, $0.1 million of the restructuring costs related to the North America reporting segment. For the six months ended September 30, 2020, $0.6 million, $0.2 million and $0.1 million of the restructuring costs related to the CSO, Africa, and North America reporting segments, respectively.

Stock-based compensation plan (

Stock-based compensation plan (Tables)	6 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Unvested SARs Activities	The following table summarizes the activities for the unvested SARs: Number of SARs Weighted- Weighted Average Contractual Remaining Term (years) Aggregate Intrinsic Values (in thousands) Outstanding as of April 1, 2020 32,943,750 31 Granted 11,200,000 35 Exercised (900,470) 19 Forfeited (33,905) 19 Outstanding as of September 30, 2020 43,209,375 32 3.76 Vested and expected to vest as of September 30, 2020 41,702,500 32 2.96 3,206 Vested as of September 30, 2020 13,071,875 17 1.79 2,367

Debt (Tables)

Debt (Tables)	6 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Undrawn Facilities	Details of undrawn facilities are shown below: Interest rate March 31, September 30, Undrawn borrowing facilities at floating rates include: – Standard Bank Limited: Overdraft SA Prime* less 1.2% $ 1,204 $ 579 Vehicle and asset finance SA Prime* less 1.2% 474 500 Working capital facility SA Prime* less 0.25% 1,395 1,470 – Nedbank Limited overdraft SA Prime* less 2% 558 588 $ 3,631 $ 3,137 *South African prime interest rate

Revenue from contracts with c_3

Revenue from contracts with customers - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract asset	$ 0.6		$ 0.6
Deferred revenue	4.5		4.5		$ 5.1
Revenue	0.6	$ 0.9	1.7	$ 2.8
Deferred commissions	$ 3.5		$ 3.5		$ 3.6

Revenue from contracts with c_4

Revenue from contracts with customers - Summary of Recognized Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Capitalized Contract Cost [Line Items]
Amortization recognized during the quarter	$ (782)	$ (863)	$ (1,475)	$ (1,674)
Cost of Revenue
Capitalized Contract Cost [Line Items]
Amortization recognized during the quarter	(563)	(622)	(1,048)	(1,202)
Sales and Marketing
Capitalized Contract Cost [Line Items]
Amortization recognized during the quarter	$ (219)	$ (241)	$ (427)	$ (472)

Credit risk related to accoun_3

Credit risk related to accounts receivables - Schedule of Movements in the Allowance for Doubtful Debts (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at April 1	$ 3,602	$ 3,019
Bad debt provision	2,273	1,554
Write-offs, net of recoveries	(1,748)	(287)
Foreign currency translation differences	153	(162)
Balance at September 30	$ 4,280	$ 4,124

Credit risk related to accoun_4

Credit risk related to accounts receivables - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020
Receivables [Abstract]
Net accounts receivables pledged as security	$ 1.3	$ 2.9
Receivable Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	18.00%	15.00%

Property equipment - Schedule o

Property equipment - Schedule of Owned Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation and impairments	$ (39,033)	$ (35,397)
Owned equipment, net	20,992	23,541
Equipment, vehicles and other
Property, Plant and Equipment [Line Items]
Owned equipment, gross	6,461	6,114
In-vehicle devices
Property, Plant and Equipment [Line Items]
Owned equipment, gross	$ 53,564	$ 52,824

Property and equipment - Narrat

Property and equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 3	$ 3.4	$ 5.8	$ 6.7

Property equipment - Schedule_2

Property equipment - Schedule of Right-of-Use Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (2,089)	$ (1,496)
Right of use property and equipment, net	6,175	6,478
Property
Property, Plant and Equipment [Line Items]
Right of use property and equipment, gross	8,073	7,724
Equipment, vehicles and other
Property, Plant and Equipment [Line Items]
Right of use property and equipment, gross	$ 191	$ 250

Intangible assets - Schedule of

Intangible assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 32,488	$ 29,184
Accumulated amortization	(16,429)	(14,177)
Net	16,059	15,007
Patents and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	60	76
Accumulated amortization	(31)	(45)
Net	$ 29	31
Patents and trademarks | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	3 years
Patents and trademarks | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	20 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 2,643	2,600
Accumulated amortization	(2,195)	(2,068)
Net	$ 448	532
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	2 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	15 years
Internal-use software, technology and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying amount	$ 29,785	26,508
Accumulated amortization	(14,203)	(12,064)
Net	$ 15,582	$ 14,444
Internal-use software, technology and other | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	1 year
Internal-use software, technology and other | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)	18 years

Intangible assets - Narrative (

Intangible assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0.9	$ 0.9	$ 1.7	$ 1.9

Accrued expenses and other li_3

Accrued expenses and other liabilities - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019
Current:
Product warranties	$ 600	$ 601	$ 619
Maintenance	504	357
Employee-related accruals	7,096	5,296
Lease liabilities	1,489	1,094
Accrued income tax payable	1,546	736
Other accruals	7,600	6,755
Total current	18,835	14,839
Non-current:
Lease liabilities	4,824	5,413
Other liabilities	229	247
Total non-current	$ 5,053	$ 5,660

Accrued expenses and other li_4

Accrued expenses and other liabilities - Schedule of Product Warranties (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020
Product warranties
Beginning balance	$ 616	$ 777
Statement of Income charge	43	156
Utilized	(81)	(268)
Foreign currency translation difference	33	(28)
Ending balance	611	637
Non-current portion (included in other liabilities)	11	18
Current portion	$ 600	$ 619	$ 601

Income taxes (Details)

Income taxes (Details)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	22.00%	47.80%	15.40%	33.50%
Effective tax rate excluding impact of foreign exchange	28.40%	29.60%	29.00%	28.60%

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Basic earnings per share
Net income attributable to ordinary shareholders	$ 3,452	$ 3,346	$ 5,874	$ 8,342
Weighted average number of ordinary shares in issue (in shares)	548,008	554,781	547,569	558,401
Basic earnings per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Weighted average number of American Depository Shares in issue (in shares)	21,920	22,191	21,903	22,336
Basic earnings per American Depository Share (in dollars per share)	$ 0.16	$ 0.15	$ 0.27	$ 0.37
Diluted earnings per share
Diluted weighted average number of ordinary shares in issue (in shares)	558,951	570,011	558,829	574,606
Diluted earnings per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Diluted weighted average number of American Depository Shares in issue (in shares)	22,358	22,800	22,353	22,984
Diluted earnings per American Depository Share (in dollars per share)	$ 0.15	$ 0.15	$ 0.26	$ 0.36
SARs
Diluted earnings per share
Potentially dilutive effect of share-based payment arrangements (in shares)	9,339	13,482	9,517	14,358
Share Options
Diluted earnings per share
Potentially dilutive effect of share-based payment arrangements (in shares)	1,604	1,748	1,743	1,847

Segment information - Narrative

Segment information - Narrative (Details)	6 Months Ended
	Sep. 30, 2020segmentregional_sales_office
Segment Reporting [Abstract]
Number of reportable segments | segment	6
Number of regional sales offices | regional_sales_office	5

Segment information - Schedule

Segment information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Total revenue	$ 30,948	$ 36,661	$ 58,445	$ 72,944
Segment Adjusted EBITDA	12,049	13,913	22,469	26,431
Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	27,623	32,099	53,498	63,737
Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	3,325	4,562	4,947	9,207
Total Regional Sales Offices
Segment Reporting Information [Line Items]
Total revenue	30,931	36,633	58,413	72,854
Segment Adjusted EBITDA	13,723	16,443	26,006	31,606
Total Regional Sales Offices | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	27,606	32,072	53,466	63,685
Total Regional Sales Offices | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	3,325	4,561	4,947	9,169
Africa
Segment Reporting Information [Line Items]
Total revenue	16,490	19,306	31,014	38,373
Segment Adjusted EBITDA	7,249	8,585	14,494	16,942
Africa | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	14,855	17,868	28,778	35,554
Africa | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	1,635	1,438	2,236	2,819
Europe
Segment Reporting Information [Line Items]
Total revenue	3,393	3,622	6,377	6,966
Segment Adjusted EBITDA	1,536	1,367	2,838	2,438
Europe | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	2,919	2,862	5,769	5,649
Europe | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	474	760	608	1,317
Americas
Segment Reporting Information [Line Items]
Total revenue	5,026	6,129	9,356	12,677
Segment Adjusted EBITDA	2,170	3,006	3,578	5,364
Americas | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	4,786	5,675	8,961	11,337
Americas | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	240	454	395	1,340
Middle East and Australasia
Segment Reporting Information [Line Items]
Total revenue	5,066	5,940	9,656	11,824
Segment Adjusted EBITDA	2,405	2,814	4,323	5,568
Middle East and Australasia | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	4,118	4,317	7,999	8,578
Middle East and Australasia | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	948	1,623	1,657	3,246
Brazil
Segment Reporting Information [Line Items]
Total revenue	956	1,636	2,010	3,014
Segment Adjusted EBITDA	363	671	773	1,294
Brazil | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	928	1,350	1,959	2,567
Brazil | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	28	286	51	447
Central Services Organization
Segment Reporting Information [Line Items]
Total revenue	17	28	32	90
Segment Adjusted EBITDA	(1,674)	(2,530)	(3,537)	(5,175)
Central Services Organization | Subscription revenue
Segment Reporting Information [Line Items]
Total revenue	17	27	32	52
Central Services Organization | Hardware and other revenue
Segment Reporting Information [Line Items]
Total revenue	$ 0	$ 1	$ 0	$ 38

Segment information - Reconcili

Segment information - Reconciliation of Segment Results to Income Before Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 12,049	$ 13,913	$ 22,469	$ 26,431
Stock-based compensation costs	(300)	(200)	(600)	(300)
Net interest income/(expense)	(70)	4	(140)	77
Income before income tax expense	4,426	6,404	6,940	12,540
Restructuring costs	200		1,000
North America
Segment Reporting Information [Line Items]
Restructuring costs	100
North America | Employee Severance
Segment Reporting Information [Line Items]
Restructuring costs			100
Central Services Organization
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	(1,674)	(2,530)	(3,537)	(5,175)
Central Services Organization | Employee Severance
Segment Reporting Information [Line Items]
Restructuring costs			600
Africa
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	7,249	8,585	14,494	16,942
Africa | Employee Severance
Segment Reporting Information [Line Items]
Restructuring costs			200
Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	12,049	13,913	22,469	26,431
Corporate and Eliminations
Segment Reporting Information [Line Items]
Corporate and consolidation entries	(2,507)	(2,221)	(4,837)	(3,977)
Segment Reconciling Items, Costs and Expenses
Segment Reporting Information [Line Items]
Operating lease costs	(399)	(419)	(791)	(727)
Product development costs	(271)	(299)	(514)	(690)
Depreciation and amortization	(3,836)	(4,401)	(7,464)	(8,653)
Impairment of long-lived assets	(1)	0	(1)	0
Stock-based compensation costs	(301)	(178)	(594)	(289)
Decrease/(Increase) in restructuring costs	(153)	1	(997)	1
Net profit/(loss) on sale of property and equipment	(7)	40	(8)	356
Net foreign exchange (losses)/gains	(78)	(36)	(183)	11
Net interest income/(expense)	$ (70)	$ 4	$ (140)	$ 77

Stock-based compensation plan -

Stock-based compensation plan - Narrative (Details) $ / shares in Units, $ in Thousands	Jun. 01, 2020shares	Sep. 30, 2020USD ($)plan$ / sharesshares	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)planshares	Sep. 30, 2019USD ($)	Mar. 31, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity-classified incentive plans | plan		2		2
Stock-based compensation expense | $		$ 300	$ 200	$ 600	$ 300
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $		2,400		$ 2,400
Expected period for recognition of unvested awards				4 years 7 months 13 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $		$ 500		$ 500
Expected period for recognition of unvested awards				2 years 6 months
Weighted-average grant-date fair value (in dollars per share) | $ / shares		$ 0.3
Number of shares granted (in shares)	2,000,000
Award vesting percentage	50.00%
Estimated forfeiture rate	5.00%
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares reserved for future issuance (in shares)		47,090,000		47,090,000
LTIP | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares to be granted (in shares)		2,000,000		2,000,000		12,000,000
Telimatrix Group Executive Incentive Scheme
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining number of share options (in shares)		3,500,000		3,500,000
Award exercise price (in dollars per share) | $ / shares		$ 0.24

Stock-based compensation plan_2

Stock-based compensation plan - Summary of Unvested SARs Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares
Weighted- Average Award Price in U.S. Cents
Weighted average remaining contractual term, outstanding	3 years 9 months 3 days
SARs
Number of SARs
Unvested as of beginning of period (in shares) | shares	32,943,750
Granted (in shares) | shares	11,200,000
Exercised (in shares) | shares	(900,470)
Forfeited (in shares) | shares	(33,905)
Unvested as of end of period (in shares) | shares	43,209,375
Vested and expected to vest (in shares) | shares	41,702,500
Vested (in shares) | shares	13,071,875
Weighted- Average Award Price in U.S. Cents
Outstanding as of beginning of period (in dollars per share) | $ / shares	$ 0.31
Granted (in dollars per share) | $ / shares	0.35
Exercised (in dollars per share) | $ / shares	0.19
Forfeited (in dollars per share) | $ / shares	0.19
Outstanding as of end of period (in dollars per share) | $ / shares	0.32
Vested and expected to vest (in dollars per share) | $ / shares	0.32
Vested (in dollars per share) | $ / shares	$ 0.17
Weighted average remaining contractual term, vested and expected to vest	2 years 11 months 15 days
Weighted average remaining contractual term, vested	1 year 9 months 14 days
Aggregate intrinsic value, vested and expected to vest | $	$ 3,206
Aggregate intrinsic value, vested | $	$ 2,367

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	$ 3,185	$ 2,367
Net accounts receivables pledged as security	$ 1,300	$ 2,900

Debt - Schedule of Undrawn Faci

Debt - Schedule of Undrawn Facilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Line of Credit Facility [Line Items]
Undrawn borrowing remaining	$ 3,137	$ 3,631
Standard Bank Limited | Overdraft
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	1.20%	1.20%
Undrawn borrowing remaining	$ 579	$ 1,204
Standard Bank Limited | Vehicle and asset finance
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	1.20%	1.20%
Undrawn borrowing remaining	$ 500	$ 474
Standard Bank Limited | Working capital facility
Line of Credit Facility [Line Items]
Percentage deducted from interest rate		0.25%
Undrawn borrowing remaining	$ 1,470	$ 1,395
Nedbank Limited | Overdraft
Line of Credit Facility [Line Items]
Percentage deducted from interest rate	2.00%	2.00%
Undrawn borrowing remaining	$ 588	$ 558

Restructuring costs (Details)

Restructuring costs (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0.2	$ 1
Africa | Forecast
Restructuring Cost and Reserve [Line Items]
Restructuring cost settled			$ 0.1
North America
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0.1
Employee Severance | Central Services Organization
Restructuring Cost and Reserve [Line Items]
Restructuring costs		0.6
Employee Severance | Africa
Restructuring Cost and Reserve [Line Items]
Restructuring costs		0.2
Employee Severance | North America
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 0.1

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Sep. 30, 2020	Mar. 31, 2020
Amended Network Service Agreement with MTN | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 1.9	$ 1.9

Subsequent events (Details)

Subsequent events (Details)	3 Months Ended				6 Months Ended
	Sep. 30, 2020R / shares	Sep. 30, 2020$ / shares	Sep. 30, 2019R / shares	Sep. 30, 2019$ / shares	Sep. 30, 2020R / shares	Sep. 30, 2020$ / shares	Sep. 30, 2019R / shares	Sep. 30, 2019$ / shares
Subsequent Events [Abstract]
Dividends declared per share (in ZAR per share) | (per share)	R 0.04	$ 0.3	R 0.04	$ 0.3	R 0.04	$ 0.2	R 0.04	$ 0.2
Dividends declared per ADS (in ZAR per share)	R 1