<SEC-DOCUMENT>0001140361-20-027678.txt : 20201208
<SEC-HEADER>0001140361-20-027678.hdr.sgml : 20201208
<ACCEPTANCE-DATETIME>20201208170032
ACCESSION NUMBER:		0001140361-20-027678
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201201
FILED AS OF DATE:		20201208
DATE AS OF CHANGE:		20201208

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Nkosi Monde
		CENTRAL INDEX KEY:			0001834957

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		201375995

	MAIL ADDRESS:	
		STREET 1:		C/O VALUE CAPITAL PARTNERS
		STREET 2:		173 OXFORD ROAD, ROSEBANK LINK 8TH FLOOR
		CITY:			GAUTENG
		STATE:			T3
		ZIP:			2196

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>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>FORM 3
<TEXT>
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<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-12-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001834957</rptOwnerCik>
            <rptOwnerName>Nkosi Monde</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>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>11154943</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Value Capital Partners (Pty) Ltd (&quot;VCP&quot;), of which the reporting person is a minority shareholder and director, 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 in the issuer 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/ Alex M.R. Smith</signatureName>
        <signatureDate>2020-12-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>brhc10017703_ex24.htm
<DESCRIPTION>EXHIBIT 24
<TEXT>
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    <div style="text-align: right; font-weight: bold;"> Exhibit 24<br>
    </div>
    <font style="font-weight: bold;"><font style="font-weight: normal;"> </font><br>
    </font></div>
  <div style="text-align: center; font-weight: bold;">POWER OF ATTORNEY</div>
  <div>&#160;</div>
  <div style="text-align: justify;">The undersigned hereby makes, constitutes and appoints Alex M.R. Smith, and each of them, as the undersigned's true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, each with the
    power to act alone for the undersigned and in the undersigned's name, place and stead, and authorizes and designates each of the foregoing attorneys-in-fact to prepare, execute, deliver and file filings and any amendments thereto, with the Securities
    and Exchange Commission, made by or on behalf of the undersigned in respect of (i) the beneficial ownership of equity securities of Net 1 UEPS Technologies, Inc. held by the undersigned, directly, indirectly or beneficially, pursuant to Sections 13(d),
    13(g) and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, including the filing of any Form 3 (Initial Statement of Beneficial Ownership of Securities), Form 4 (Statement of Changes
    in Beneficial Ownership), and Form 5 (Annual Statement of Changes in Beneficial Ownership) and (ii) the disposition of equity securities of Net 1 UEPS Technologies, Inc. held by the undersigned, directly, indirectly or beneficially, in accordance with
    Rule 144 of the Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations thereunder, including the filing of any Form 144 or related documentation necessary to be executed in connection with the disposition of equity
    securities pursuant to the Securities Act. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of
    the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or
    such attorney-in-facts substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that (i) this Power of Attorney authorizes, but does not
    require, the attorneys-in-fact to act at his or her discretion on information provided to such attorney-in-fact without independent verification of such information, (ii) any documents prepared and/or executed by the attorney-in-fact on behalf of the
    undersigned pursuant to this Power of Attorney will be in such form and will contain such information as the attorney-in-fact, in his or her discretion, deems necessary or desirable and (iii) the foregoing attorneys-in-fact, in serving in such capacity
    at the request of each of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Sections 13(d), 13(g) or 16 of the Exchange Act or Rule 144 of the Securities Act.</div>
  <div>&#160;</div>
  <div style="text-align: justify;">This Power of Attorney shall remain in full force and effect until withdrawn by the undersigned in a signed writing delivered to each of the foregoing attorneys-in-fact.</div>
  <div>&#160;</div>
  <div style="text-align: justify;">IN WITNESS WHEREOF, each of the undersigned has caused this Power of Attorney to be executed as of this 8th day of December, 2020.</div>
  <div>&#160;</div>
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          <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt;">/</font><font style="font-size: 10pt;">s/ Monde Nkosi</font></div>
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        <td style="width: 12.5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        <td style="width: 70%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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          <div style="text-align: justify;">Monde Nkosi</div>
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        <td style="vertical-align: top;">&#160;</td>
        <td style="width: 70%; vertical-align: top;">&#160;</td>
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