<SEC-DOCUMENT>0001062993-15-002924.txt : 20150518
<SEC-HEADER>0001062993-15-002924.hdr.sgml : 20150518
<ACCEPTANCE-DATETIME>20150518161021
ACCESSION NUMBER:		0001062993-15-002924
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150518
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150518
DATE AS OF CHANGE:		20150518

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:		15873261

	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
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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): May 18,
2015<B> </B></P>
<P align=center><B><FONT size=5>NET 1 UEPS TECHNOLOGIES, INC.
</FONT></B><BR>(Exact name of registrant as specified in its charter) <BR></P>
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  <TR vAlign=top>
    <TD noWrap align=center><B>Florida </B></TD>
    <TD noWrap align=center width="33%"><B>000-31203 </B></TD>
    <TD noWrap align=center width="33%"><B>98-0171860 </B></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>(State or other jurisdiction </TD>
    <TD noWrap align=center width="33%">(Commission </TD>
    <TD noWrap align=center width="33%">(IRS Employer </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=center>of incorporation) </TD>
    <TD noWrap align=center width="33%">File Number) </TD>
    <TD noWrap 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 </B><BR><B>Rosebank, Johannesburg, South Africa
</B><BR>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ZIP Code) <BR></P>
<P align=center>Registrant&#146;s telephone number, including area code:
<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;&nbsp; ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425) </P>
<P align=justify>[&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12) </P>
<P align=justify>[&nbsp; &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; &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 7.01 Regulation FD Disclosure. </B></P>
<P align=justify>On May 18, 2015, Net1 issued a press release in which it
announced that it has elected to withdraw from the SASSA Request for Proposal. 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>
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  <TR>
    <TD width="5%"  >&nbsp;</TD>
    <TD vAlign=top width="5%">(d) </TD>
    <TD>
      <P align=justify>Exhibits</P></TD></TR></TABLE><BR>
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  <TR vAlign=top>
    <TD align=left ><U>Exhibit </U><U>No.</U> </TD>
    <TD align=left width="90%"><U>Description</U> </TD></TR>
  <TR vAlign=top>
    <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 May 18,
      2015, issued by Net 1 UEPS Technologies, Inc. </a> </TD></TR></TABLE><BR>
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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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  <TR vAlign=top>
    <TD noWrap align=left>&nbsp;</TD>
    <TD noWrap align=left width="50%"><B>NET 1 UEPS TECHNOLOGIES, INC.
  </B></TD></TR>
  <TR>
    <TD noWrap>&nbsp;</TD>
    <TD noWrap width="50%">&nbsp; </TD></TR>
  <TR>
    <TD noWrap>&nbsp;</TD>
    <TD noWrap width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>Date: May 18, 2015 </TD>
    <TD noWrap align=left width="50%">By: <U>/s/ Serge C.P.
      Belamant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;</U></TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp;</TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp;Serge C.P.
      Belamant </TD></TR>
  <TR vAlign=top>
    <TD noWrap align=left>&nbsp;</TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp;Chief
      Executive Officer </TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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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">
Exhibit 99.1</P>
<P align="justify">
<B>Net1 Elects to Withdraw from SASSA RFP </B></P>
<P align="justify">
Johannesburg, May 18, 2015 &#150; Net 1 UEPS Technologies, Inc. (&#147;Net1&#148; or the &#147;Company&#148;) (NasdaqGS: UEPS; JSE: NT1) today provided a further update on the SASSA tender process.</P>
<P align="justify">
The Company previously reported that management was analyzing the RFP to determine whether it would be in the best interest of the Company for Cash Paymaster Services (Pty) Ltd (&#147;CPS&#148;), a subsidiary of the Company, to participate in the
tender process or to focus on its other financial technology businesses without being a direct contractor to SASSA. Management has recommended to the Company&#146;s Board of Directors that CPS should withdraw from the SASSA tender process and the
Board has accordingly agreed that CPS should not submit a bid. </P>
<P align="justify">
Management reached this conclusion after careful consideration of all the relevant factors, including financial feasibility of the RFP, further questions raised by prospective bidders, execution of the Company&#146;s strategic plan, legal risks,
reputational risk, and long term value creation for shareholders. </P>
<P align="justify">
Management believes that the deployment of the Company business plan, which focuses on providing a comprehensive suite of transactional products and services, will allow it to service all South Africa&#146;s unbanked and under-banked citizens
including social grant beneficiaries, but independently and without SASSA&#146;s limitations and constraints. The Company&#146;s business plan includes the continued successful deployment of its EasyPay Everywhere bank account, its biometric ATMs
and mobile portal, its suite of financial and added value services and the Company&#146;s proven and innovative technological systems. The Company believes that these activities will ensure a sustainable business model that will, over time, far
exceed the benefits that could be realized from being the successful bidder for the SASSA RFP. </P>
<P align="justify">
In addition, the execution of the business plan will no longer be limited by a five year contract (or potentially shorter if legally challenged) and provides the Company with the ability to freely determine pricing that is both competitive and
profitable and removes any unknown or contingent liabilities associated with Government contracts. In addition, the Company expects to have more management bandwidth, which it believes will fast track the Company&#146;s international expansion,
specifically the many exciting opportunities that Zazoo has identified. </P>
<P align="justify">
&#147;We are very proud of our achievements that have placed South Africa as a leader in social welfare delivery solutions. An achievement that has been recognized worldwide!&#148; said Dr. Serge Belamant, Chairman and CEO of Net1, &#147;We have
banked 10 million people, registered 22 million, eliminated fraud in excess of R3 billion per annum and implemented solutions to assist the poorest South African citizens. We have integrated 10 million people into the South African banking system
and economy, which has resulted in us being able to provide financial services to them, thereby realizing the goal of financial inclusion that all developing countries strive for. </P>

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<P align="justify">
We are excited about our future prospects to expand the ability for all people, regardless of their socio economic profiles, to have access to financial services such as full-service banking accounts, loans, insurance, pre-paid services, money
transfers and the like,&#148; he concluded. </P>
<P align="justify">
Net1 management will host a conference call to discuss its decision on May 19, 2015, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-855-481 5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten
minutes prior to the start of the call. Callers should request &#147;Net1 call&#148; upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast
of the call will be available for replay on the Net1 website through May 31, 2015.</P>
<P align="justify">
Management is also planning investor conferences during June 2015. </P>
<P align="justify">
<B>About Net1 (</B><font color="#0000FF"><B><U>www.net1.com</U></B></font><B>)</B></P>
<P align="justify">
Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System (&#147;UEPS&#148;), 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. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV
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 and the Republic of Korea. In addition, Net1's proprietary MVC 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 Johannesburg Stock Exchange. </P>
<P align="justify">
<B>Forward-Looking Statements</B><B> </B></P>
<P align="justify">
This announcement contains forward-looking statements that involve known and unknown risks and uncertainties, including without limitation, the risk of our being able to execute our business plan successfully without a contract with SASSA and to
successfully expand our non-South African businesses. A discussion of various factors that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed in such forward-looking statements are
included in our filings with the Securities and Exchange Commission. We undertake no obligation to revise any of these statements to reflect future events. </P>
<P align="justify">
<B>Investor Relations Contact: </B></P>
<P align="justify">
Dhruv Chopra <BR>
Head of Investor Relations <BR>
Phone: +1-917-767-6722 <BR>
Email: <font color="#0000FF"> <U>dchopra@net1.com</U> </font> <BR>
</P>

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