<SEC-DOCUMENT>0001062993-17-005243.txt : 20171213
<SEC-HEADER>0001062993-17-005243.hdr.sgml : 20171213
<ACCEPTANCE-DATETIME>20171213161535
ACCESSION NUMBER:		0001062993-17-005243
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20171212
FILED AS OF DATE:		20171213
DATE AS OF CHANGE:		20171213

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pein Alasdair Jonathan Kemsley
		CENTRAL INDEX KEY:			0001311772

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		171254003

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR, PRESIDENT PLACE,
		STREET 2:		CRNR JAN SMUTS AVE & BOLTON ST
		CITY:			ROSEBANK, JOHANNESBURG
		STATE:			T3
		ZIP:			RSA

ISSUER:		

	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

	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>4
<SEQUENCE>1
<FILENAME>form4.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2017-12-12</periodOfReport>

    <issuer>
        <issuerCik>0001041514</issuerCik>
        <issuerName>NET 1 UEPS TECHNOLOGIES INC</issuerName>
        <issuerTradingSymbol>UEPS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001311772</rptOwnerCik>
            <rptOwnerName>Pein Alasdair Jonathan Kemsley</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PRESIDENT PLACE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2>CNR JAN SMUTS AVENUE AND BOLTON ROAD</rptOwnerStreet2>
            <rptOwnerCity>ROSEBANK, JOHANNESBURG</rptOwnerCity>
            <rptOwnerState>T3</rptOwnerState>
            <rptOwnerZipCode>T3</rptOwnerZipCode>
            <rptOwnerStateDescription>SOUTH AFRICA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2017-12-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6500</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.01</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>29061</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>51379</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The common stock sold includes (i) 2,176 shares which were part of an original grant of 6,530 restricted shares, which became transferable in three equal annual installments commencing August 21, 2014; and (ii) 3,140 shares which were part of an original grant of 4,702 restricted shares, which became transferable in three equal annual installments commencing August 27, 2015, and (iii) 1,184 shares which were part of an original grant of 5,985 restricted shares, which became transferable in three equal annual installments commencing August 19, 2016.</footnote>
        <footnote id="F2">Sale prices for the transactions reported here range from $11.00 to $11.10.  Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its shareholders upon request.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ /s/ Herman G. Kotz?</signatureName>
        <signatureDate>2017-12-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
