Keelan Smith

Keelan Smith asked about the impact of the stronger South African rand on underlying operations and whether adding video or Cartrack Tag resets the standard 36-month subscriber contract.

Answer

Zak Calisto, Founder and Group CEO, noted a minor positive impact on telemetry equipment production, but explained that a stronger rand negatively impacts reported revenue in ZAR for non-South African operations. He clarified that the 36-month contract is not material to the company, which prioritizes long-term customer retention through service and satisfaction over strict contract enforcement.