<SEC-DOCUMENT>0001062993-12-005243.txt : 20121204
<SEC-HEADER>0001062993-12-005243.hdr.sgml : 20121204
<ACCEPTANCE-DATETIME>20121204092109
ACCESSION NUMBER:		0001062993-12-005243
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121204
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20121204
DATE AS OF CHANGE:		20121204

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:		121239237

	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>CURRENT REPORT
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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></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR><B>Washington, D.C.
20549 </B><BR><B>___________________________ </B><BR></P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT </B><BR><B>Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934 </B><BR></P>
<P align=center>Date of Report (Date of earliest event reported): December 4,
2012 (November 30, 2012)<B> </B></P>
<P align=center><B><FONT size=5>NET 1 UEPS TECHNOLOGIES, INC.
</FONT></B><BR><I>(Exact name of registrant as specified in its charter)
</I><BR></P>
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  <TR vAlign=top>
    <TD align=center><B>Florida </B></TD>
    <TD align=center width="33%"><B>000-31203 </B></TD>
    <TD align=center width="33%"><B>98-0171860 </B></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>(State or other jurisdiction </I></TD>
    <TD align=center width="33%"><I>(Commission </I></TD>
    <TD align=center width="33%"><I>(IRS Employer </I></TD></TR>
  <TR vAlign=top>
    <TD align=center><I>of incorporation) </I></TD>
    <TD align=center width="33%"><I>File Number) </I></TD>
    <TD align=center width="33%"><I>Identification No.)
</I></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 </B><BR><B>Rosebank, Johannesburg, South Africa
</B><BR><I>(Address of principal executive offices) (ZIP Code) </I><BR></P>
<P align=center><I>Registrant&#146;s telephone number, including area code:
</I><B>011-27-11-343-2000 </B></P>
<P align=justify>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=justify>[&nbsp; ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) </P>
<P align=justify>[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a -12) </P>
<P align=justify>[&nbsp; ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) </P>
<P align=justify>[&nbsp; ] 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 November 30, 2012, we received a letter from the U.S. Department of Justice, Criminal Division (the &ldquo;DOJ&rdquo;) informing us that the DOJ and the Federal Bureau of Investigation have begun an investigation into whether Net 1 UEPS
Technologies, Inc. and its subsidiaries, including their officers, directors, employees, and agents (collectively, &ldquo;Net 1&rdquo;) and other persons and entities possibly affiliated with Net 1 violated provisions of the Foreign Corrupt
Practices Act and other U.S. federal criminal laws by engaging in a scheme to make corrupt payments to officials of the Government of South Africa in connection with securing a contract with the South African Social Security Agency to provide social
welfare and benefits payments and also engaged in violations of the federal securities laws in connection with statements made by Net 1 in its SEC filings regarding this contract. On the same date, we received a letter from the Division of
Enforcement of the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) advising us that it is also conducting an investigation concerning our company. The SEC letter states that the investigation is a non-public, fact-finding inquiry. </P>
<P align="justify">
We intend to cooperate fully with the DOJ and the SEC regarding these investigations. We are unable to predict what action, if any, might be taken in the future by either the DOJ or the SEC as a result of the matters that are the subject of these
investigations or what impact, if any, this announcement and the existence of these investigations may have on our relations with SASSA, the Net1 BEE option transaction, our financial position, our results of operations and cash flows, our intended
business strategies or our share price.</P>

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<P align=center><B>SIGNATURES </B></P>
<P align=justify style="text-indent: 5%">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 nowrap>&nbsp;</TD>
    <TD align=left width="50%" nowrap><B>NET 1 UEPS TECHNOLOGIES, INC.</B> </TD></TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD width="50%" nowrap>&nbsp; </TD></TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD width="50%" nowrap>&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left nowrap>Date: December 4, 2012 </TD>
    <TD align=left width="50%" nowrap>By: <U>/s/ Serge
      Belamant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left width="50%" nowrap>&nbsp; &nbsp; &nbsp; &nbsp;Dr. Serge C.P.
      Belamant </TD></TR>
  <TR vAlign=top>
    <TD align=left nowrap></TD>
    <TD align=left width="50%" nowrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
      Executive Officer and Chairman of the Board </TD></TR></TABLE><BR>
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