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MiX Telematics Announces Change to the Board of Directors


MIDRAND, South Africa--(BUSINESS WIRE)--Shareholders of MiX Telematics are advised that, Mr. Ian Jacobs has been appointed as an independent non-executive director to the board of directors of MiX with effect from June 1, 2016.

Mr. Jacobs is managing member of 402 Capital LLC, a value-oriented investment manager based in Omaha, Nebraska, focusing on businesses with structural competitive advantages. From 2003 until founding 402 Capital in 2009, Mr. Jacobs worked on investment research and other projects at Berkshire Hathaway Inc., as directed by its Chairman/CEO. Prior to his time at Berkshire, Mr. Jacobs worked as an equity analyst, most recently at Goldman Sachs, Inc. He completed the CFA program, and received his MBA from Columbia University.

“Ian's investing experience and strategic thinking will be invaluable as we continue to grow our business in the Americas,” said Stefan Joselowitz, President and CEO of MiX Telematics. “We are excited to welcome Ian to the board.”

“MiX Telematics has recently gained significant momentum in the Americas,” said Mr. Jacobs. "I look forward to working with management and the rest of the board to support its global growth and to maximize shareholder value.”

About MiX Telematics Limited

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to customers in approximately 120 countries. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency, risk and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia, Romania, Thailand and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and MiX Telematics American Depositary Shares are listed on the New York Stock Exchange (NYSE: MIXT). For more information visit


ICR for MiX Telematics
Sheila Ennis, +1-855-564-9835

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