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Exchange rates

12 Months Ended

Mar. 31, 2024

MiX Telematics Limited [Member]

Exchange rates

22. Exchange rates

The Company is subject to fluctuations in exchange rates between the ZAR and foreign currencies, primarily the U.S. Dollar and the British Pound. The following major rates of exchange were used in the preparation of the consolidated financial statements:

 Schedule of Exchange Rates

				As of March 31,
				2023				2024
USD:ZAR		– closing			17.98				18.88
		– average			16.99				18.73
USD:GBP		– closing			0.81				0.79
		– average			0.83				0.80

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- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

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