<SEC-DOCUMENT>0001140361-20-021477.txt : 20200924
<SEC-HEADER>0001140361-20-021477.hdr.sgml : 20200924
<ACCEPTANCE-DATETIME>20200924182829
ACCESSION NUMBER:		0001140361-20-021477
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200922
FILED AS OF DATE:		20200924
DATE AS OF CHANGE:		20200924

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Ball Antony C
		CENTRAL INDEX KEY:			0001293885

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		201196369

	MAIL ADDRESS:	
		STREET 1:		PRIVATE BAG XI
		CITY:			NORTHLANDS
		STATE:			T3
		ZIP:			2116

	FORMER NAME:	
		FORMER CONFORMED NAME:	Ball Anthony C
		DATE OF NAME CHANGE:	20040616

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>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-09-22</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001293885</rptOwnerCik>
            <rptOwnerName>Ball Antony C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PRESIDENT PLACE, 4TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2>CNR. JAN SMUTS AVENUE AND BOLTON ROAD</rptOwnerStreet2>
            <rptOwnerCity>JOHANNESBURG</rptOwnerCity>
            <rptOwnerState>T3</rptOwnerState>
            <rptOwnerZipCode>2196</rptOwnerZipCode>
            <rptOwnerStateDescription>SOUTH AFRICA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-09-22</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>20894</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.13</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9287791</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-09-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>28550</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.13</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9316341</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The purchase by Value Capital Partners (Pty) Ltd (&quot;VCP&quot;) of the common stock (the &quot;Shares&quot;) of Net 1 UEPS Technologies Inc. (&quot;Net 1&quot;) reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 20,894 Shares, with VCP's sale of 20,894 Shares at a price of $3.5 per Share on April 23, 2020. VCP has agreed to pay to Net 1, upon settlement of the sale, $7,747.50, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.</footnote>
        <footnote id="F2">The purchase by VCP of the Shares reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 28,550 Shares, with VCP's sale of 28,550 Shares at a price of $3.5 per Share on April 23, 2020. VCP has agreed to pay to Net 1, upon settlement of the sale, $10,477.85, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.</footnote>
        <footnote id="F3">VCP, of which the reporting person is a minority shareholder and its chairman, has been appointed as investment manager to a South African collective investment scheme trust and certain segregated accounts (the &quot;VCP Managed Funds&quot;), providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP and accordingly the reporting person may be deemed to be the beneficial owner of such Shares . The reporting person disclaims beneficial ownership of these Shares except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Anthony C Ball</signatureName>
        <signatureDate>2020-09-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
