<SEC-DOCUMENT>0001062993-12-000961.txt : 20120427
<SEC-HEADER>0001062993-12-000961.hdr.sgml : 20120427
<ACCEPTANCE-DATETIME>20120323161705
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001062993-12-000961
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20120323

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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   <TITLE>Net 1 UEPS Technologies, Inc.: Correspondence  - Filed by newsfilecorp.com</TITLE>
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<!--$$/page=--><A name=page_1></A>&nbsp;<BR>
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style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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  <TR vAlign=top>
    <TD align=left  rowSpan=9><IMG
      src="correspx1x1.jpg"
      border=0></TD>
    <TD width="20%" align=left nowrap ><B>DLA Piper LLP (US)</B> </TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap >1251 Avenue of the Americas, 27th
      Floor </TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap >New York, New York 10020-1104  </TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap >www.dlapiper.com </TD>
  </TR>
  <TR>
    <TD width="20%" nowrap >&nbsp; </TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap >Marjorie Cybul Adams </TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap >marjorie.adams@dlapiper.com</TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap ><B>T </B>212.335.4517 </TD>
  </TR>
  <TR vAlign=top>
    <TD width="20%" align=left nowrap ><B>F </B>212.884.8517  </TD>
  </TR></TABLE>
<P align=justify>March 23, 2012</P>
<P align=justify><B><U>VIA EDGAR</U></B><B> </B></P>
<P align=justify>Securities and Exchange Commission <BR>Division of Corporation
Finance <BR>100 F Street, N.E.<BR>Judiciary Plaza <BR>Washington, D.C. 20549
<BR>Mail Stop 3010<BR>Attention: Mr. Christian Windsor, Special Counsel</P>
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  <TR vAlign=top>
    <TD width="5%"  >&nbsp;</TD>
    <TD align=left >Re: </TD>
    <TD align=left width="90%">Net 1 UEPS Technologies, Inc. </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="90%">Registration Statement on Form S-3 </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="90%">Filed March 13, 2012 </TD></TR>
  <TR vAlign=top>
    <TD width="5%" >&nbsp;</TD>
    <TD align=left >&nbsp; </TD>
    <TD align=left width="90%">File No. 333-180059 </TD></TR></TABLE>
<P align=justify>Dear Mr. Windsor:</P>
<P align=justify>This letter is submitted on behalf of Net 1 UEPS Technologies,
Inc. (the &#147;Company&#148;) in response to the comments of the staff of the Division of
Corporation Finance (the &#147;Staff&#148;) of the Securities and Exchange Commission (the
&#147;Commission&#148;) with respect to the above-referenced Registration Statement on
Form S-3 (the &#147;Registration Statement&#148;), as set forth in your letter dated March
19, 2012 (the &#147;Comment Letter&#148;). The Company is concurrently filing with the
Commission Amendment No. 1 to the Registration Statement (&#147;Amendment No. 1&#148;).
Two copies of Amendment No. 1 marked to reflect all changes to the Registration
Statement are being sent via FedEx to your attention.</P>
<P align=justify>For the convenience of the Staff&#146;s review, the text of the
Comment Letter has been reproduced herein with the Company&#146;s response below the
comment. The Company has responded to the Staff&#146;s comments by revising the
disclosure in the Registration Statement set forth in Amendment No. 1.</P>
<P align=justify><U>Selling Stockholders, page 20</U></P>
<P align=justify><I>1. For the investment funds affiliated with General Atlantic
LLC, please disclose the natural person or persons who exercise sole or shared
voting and dispositive powers over the</I> <I>shares being registered</I>.</P>
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<P align=justify>Mr. Christian Windsor <BR>
March 23, 2012 <BR>Page Two</P>
<P align=justify><B>Response: </B>The Company has revised the disclosure in the
&#147;Selling Shareholder&#148; section of Amendment No. 1 to disclose persons who
exercise shared voting and dispositive powers over the shares held by the
selling shareholders that are being registered.</P>
<P align=justify>If you have any questions regarding the foregoing responses or
otherwise, please do not hesitate to contact me at (212)335-4517.</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">Sincerely, </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD align=left width="50%">&nbsp; </TD></TR>
  <TR>
    <TD >&nbsp;</TD>
    <TD align=left width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">By: <U>/s/ Marjorie Sybul Adams</U> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center >&nbsp;</TD>
    <TD align=left width="50%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marjorie
      Sybul Adams </TD></TR></TABLE><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left  >&nbsp;cc: </TD>
    <TD align=left width="93%">
      <P align=justify>Michael F. Johnson</P></TD></TR>
  <TR vAlign=bottom>
    <TD align=center  >&nbsp;</TD>
    <TD align=center width="93%">
      <P align=justify>Division of Corporation Finance</P></TD></TR>
  <TR vAlign=top>
    <TD align=left  >&nbsp;</TD>
    <TD align=left width="93%">
      <P align=justify>Securities and Exchange Commission</P></TD></TR>
  <TR>
    <TD  >&nbsp;</TD>
    <TD width="93%"> &nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left  >&nbsp;</TD>
    <TD align=left width="93%">
      <P align=justify>Serge C.P. Belamant</P></TD></TR>
  <TR vAlign=top>
    <TD align=left  >&nbsp;</TD>
    <TD align=left width="93%">
      <P align=justify>Herman G. Kotze</P></TD></TR>
  <TR vAlign=top>
    <TD align=left  >&nbsp;</TD>
    <TD align=left width="93%">
      <P align=justify>Paul Encarnacao</P></TD></TR>
  <TR vAlign=bottom>
    <TD align=center  >&nbsp;</TD>
    <TD align=center width="93%">
      <P align=justify>Net 1 UEPS Technologies, Inc.</P></TD></TR></TABLE><BR>
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