<SEC-DOCUMENT>0001062993-11-002556.txt : 20110610
<SEC-HEADER>0001062993-11-002556.hdr.sgml : 20110610
<ACCEPTANCE-DATETIME>20110610142617
ACCESSION NUMBER:		0001062993-11-002556
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110606
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110610
DATE AS OF CHANGE:		20110610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NET 1 UEPS TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001041514
		STANDARD INDUSTRIAL CLASSIFICATION:	FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099]
		IRS NUMBER:				980171860
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		11905384

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE
		STREET 2:		CNR. JAN SMUTS & BOLTON
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			00000
		BUSINESS PHONE:		27 11 343 2000

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE
		STREET 2:		CNR. JAN SMUTS & BOLTON
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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   <TITLE>Net 1 UEPS Technologies, Inc.: Form 8-K - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES</FONT><BR></B><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT><BR>Washington, D.C. 20549
</B></P>
<P align=center><B><FONT size=5>FORM 8-K</FONT></B></P>
<P align=center><B>CURRENT REPORT<BR></B><B>Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934</B></P>
<P align=center>Date of Report (Date of earliest event reported): June 10, 2011
(June 6, 2011)</P>
<P align=center><B><FONT size=5 style="BORDER-BOTTOM: #000000 1px solid">NET 1 UEPS TECHNOLOGIES,
INC.</FONT><BR>
</B>(Exact name of registrant as specified in its charter)</P>
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style="FONT-SIZE: 10pt; BORDER-LEFT-COLOR: black; BORDER-BOTTOM-COLOR: black; BORDER-TOP-COLOR: black; BORDER-COLLAPSE: collapse; BORDER-RIGHT-COLOR: black"
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  <TR vAlign=top>
    <TD align=center><u><B>Florida </B></u></TD>
    <TD align=center width="33%"><u><B>000-31203 </B></u></TD>
    <TD align=center width="33%"><u><B>98-0171860 </B></u></TD>
  </TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction </TD>
    <TD align=center width="33%">(Commission </TD>
    <TD align=center width="33%">(IRS Employer </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center>of incorporation) </TD>
    <TD align=center width="33%">File Number) </TD>
    <TD align=center width="33%">Identification No.) </TD>
  </TR></TABLE>
<P align=center><B>President Place, 4</B><B><SUP>th </SUP></B><B>Floor, Cnr. Jan
Smuts Avenue and Bolton Road <BR>
<u>Rosebank, Johannesburg, South
Africa</u><BR>
</B>(Address of principal executive offices) (ZIP Code)</P>
<P align=center>Registrant&#146;s telephone number, including area code:
<B><u>011-27-11-343-2000</u></B></P>
<P align=center>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</P>
<P align=center>[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>
<P align=center>[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12)</P>
<P align=center>[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))</P>
<P align=center>[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e -4(c))</P>
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<P align=justify><B>Item 8.01. Other Events.</B></P>
<P align=justify>On June 10, 2011, Net 1 UEPS Technologies, Inc. (&#147;Net1&#148;) issued
a press release which details the South African Constitutional Court&#146;s ruling
dismissing Net1&#146;s leave to appeal the Supreme Court of Appeal&#146;s judgement
related to the South African Social Security Agency&#146;s right to contract with the
South African Post Office, citing that it is not in the interest of justice for
the Constitutional Court to hear this matter. A copy of Net1&#146;s press release is
attached as Exhibit 99.1. </P>
<P align=justify><B>Item 9.01. Financial Statements and Exhibits.</B></P>
<DIV>
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  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left>(d) </TD>
    <TD align=left width="90%">Exhibits </TD></TR>
  <TR vAlign=top>
    <TD width="5%">&nbsp;</TD>
    <TD align=left bgColor=#eeeeee><a href="exhibit99-1.htm">99.1 </a></TD>
    <TD align=left width="90%" bgColor=#eeeeee><a href="exhibit99-1.htm">Press Release, dated June 10,
      2011, issued by Net 1 UEPS Technologies, Inc.
    </a></TD>
  </TR></TABLE>
</DIV><BR>
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<P align=center><B>SIGNATURES</B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=left width="50%" colSpan=2><B>NET 1 UEPS TECHNOLOGIES, INC.
    </B></TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="45%">&nbsp; </TD></TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="45%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Date: June 10, 2011 </TD>
    <TD align=left width="5%">By: </TD>
    <TD align=left width="45%"><U>/s/ Serge Belamant </U></TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="45%">Dr. Serge C.P. Belamant Chief Executive Officer
      and Chairman of the Board </TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>PRESS RELEASE, DATED JUNE 10, 2011, ISSUED BY NET 1 UEPS TECHNOLOGIES, INC.
<TEXT>
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   <TITLE>Net 1 UEPS Technologies, Inc.: Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
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<P align=right><B>Exhibit 99.1</B></P>
<P align=center><B>Net1: South African Constitution Court dismisses Net1&#146;s leave
to appeal</B></P>
<P align=justify>JOHANNESBURG, SOUTH AFRICA - June 10, 2011 - Net 1 UEPS
Technologies, Inc. (NASDAQ: UEPS; JSE: NT1) (&#147;Net1&#148; or the &#147;Company&#148;) today
announced that the South African Constitutional Court (&#147;Constitutional Court&#148;)
has dismissed Net1&#146;s leave to appeal the Supreme Court of Appeal&#146;s judgement
related to the South African Social Security Agency&#146;s (&#147;SASSA&#148;) right to
contract with the South African Post Office (&#147;SAPO&#148;), citing that it is not in
the interest of justice for the Constitution Court to hear this matter. </P>
<P align=justify>SASSA is therefore no longer restricted from contracting with
SAPO for the distribution of social grants as per the terms of the agreement
signed between the two organizations in 2009. However, SASSA has since commenced
a competitive tender process for the distribution of social grants in South
Africa, and Net1 believes the outcome of this tender will ultimately decide
which contractor or contractors will be responsible for the distribution of
social grants.</P>
<P align=justify>&#147;We are obviously disappointed that we will not have an
opportunity to argue our case at the Constitutional Court&#148; said Dr. Serge
Belamant, Net1&#146;s Chairman and Chief Executive Officer. &#147;In any event, SASSA has
commenced a competitive tender process for the payment of social welfare grants
and bids are due next week. We will participate in the tender process and
concurrently continue to provide SASSA with our high quality service,&#148; he
concluded.</P>
<P align=justify><B>About Net1 (</B><B><U><FONT
color=#0000ff>www.net1.com</FONT></U></B><B>) </B></P>
<P align=justify>Net1 is a leading provider of alternative payment systems that
leverage its Universal Electronic Payment System, or UEPS, to facilitate
biometrically secure real-time electronic transaction processing to unbanked and
under-banked populations of developing economies around the world in an online
or offline environment. In addition to payments, UEPS can be used for banking,
healthcare management, payroll, remittances, voting and identification.</P>
<P align=justify>Net1 operates market-leading payment processors in South
Africa, Republic of Korea, Ghana and Iraq. In addition, Net1&#146;s proprietary
Mobile Virtual Card technology offers secure mobile payments and banking
services in developed and emerging countries. </P>
<P align=justify>Net1 has a primary listing on the Nasdaq and a secondary
listing on the JSE Limited.</P>
<P align=justify><B>Forward-Looking Statements</B></P>
<P align=justify>This announcement contains forward-looking statements that
involve known and unknown risks and uncertainties. A discussion of various
factors that may cause the Company&#146;s actual results, levels of activity,
performance or achievements to differ materially from those expressed in such
forward-looking statements are included in the Company&#146;s filings with the
Securities and Exchange Commission. The Company undertakes no obligation to
revise any of these statements to reflect future circumstances or the occurrence
of unanticipated events.</P>
<P align=justify><B>Investor Relations Contact:<BR></B>Dhruv Chopra<BR>Vice
President of Investor Relations</P>
<P align=justify>Phone: +1-212-626-6675 <BR>Email: dchopra@net1.com</P>
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