<SEC-DOCUMENT>0001140361-20-012080.txt : 20200520
<SEC-HEADER>0001140361-20-012080.hdr.sgml : 20200520
<ACCEPTANCE-DATETIME>20200520171202
ACCESSION NUMBER:		0001140361-20-012080
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200520
DATE AS OF CHANGE:		20200520

SUBJECT COMPANY:	

	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:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79903
		FILM NUMBER:		20898953

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Value Capital Partners (Pty) Ltd
		CENTRAL INDEX KEY:			0001810390
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			T3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		ROSEBANK LINK
		STREET 2:		173 OXFORD ROAD, 8TH FLOOR
		CITY:			GAUTENG
		STATE:			T3
		ZIP:			2196
		BUSINESS PHONE:		27100600800

	MAIL ADDRESS:	
		STREET 1:		ROSEBANK LINK
		STREET 2:		173 OXFORD ROAD, 8TH FLOOR
		CITY:			GAUTENG
		STATE:			T3
		ZIP:			2196
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>formsc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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  <div>
    <div style="font-size: 14pt;">
      <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    </div>
    <div style="font-size: 12pt;">
      <div style="text-align: center; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); text-align: center; margin-left: auto; margin-right: auto; border: medium none;"></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SCHEDULE 13D</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT</div>
    <div style="text-align: center; font-weight: bold;">TO &#167; 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO &#167; 240.13d-2(a)</div>
    <div>
      <div style="text-align: center; font-weight: bold;">(Amendment No. 1)*</div>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); text-align: center; margin-left: auto; margin-right: auto; border: medium none;"></div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">Net 1 UEPS Technologies Inc.</div>
    <div style="text-align: center; font-weight: bold;">(Name of Issuer)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Common Stock, par value $0.001</div>
    <div style="text-align: center; font-weight: bold;">(Title of Class of Securities)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">64107N206</div>
    <div style="text-align: center; font-weight: bold;">(CUSIP Number)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Samuel Sithole</div>
    <div style="text-align: center; font-weight: bold;">Value Capital Partners (Pty) Ltd</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Rosebank Link</div>
    <div style="text-align: center; font-weight: bold;">173 Oxford Road, 8th Floor</div>
    <div style="text-align: center; font-weight: bold;">Rosebank</div>
    <div style="text-align: center; font-weight: bold;">Gauteng, 2196</div>
    <div style="text-align: center; font-weight: bold;">South Africa</div>
    <div style="text-align: center; font-weight: bold;">+27 10 060 0800</div>
    <div style="text-align: center; font-weight: bold;">(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">May 13, 2020</div>
    <div>
      <div style="text-align: center; font-weight: bold;">(Date of Event Which Requires Filing of This Statement)</div>
    </div>
    <div>
      <div><br>
      </div>
      <div>&#160;</div>
      <div style="text-indent: 17.25pt;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
        13d-1(g), check the following box &#9744; .</div>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); text-align: center; margin-left: auto; margin-right: auto; border: medium none;"></div>
    <div><font style="font-weight: bold;"> <br>
      </font></div>
    <div><font style="font-weight: bold;">Note.</font> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. <font style="font-style: italic;">See</font> &#167; 240.13d-7 for other parties to
      whom copies are to be sent.</div>
    <div>&#160;</div>
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          <td style="width: 14.05pt; vertical-align: top; color: rgb(0, 0, 0);">*</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
              which would alter disclosures provided in a prior cover page.</div>
          </td>
        </tr>

    </table>
    <div>
      <div><br>
      </div>
      <div style="text-indent: 17.3pt;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of
        that section of the Act but shall be subject to all other provisions of the Act (however, <font style="font-style: italic;">see</font> the <font style="font-style: italic;">Notes.</font>)</div>
      <div>&#160;</div>
      <div>
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    <!--PROfilePageNumberReset%Num%2%%%-->
    <div>CUSIP No. 251893103</div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">1</div>
            </td>
            <td style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">NAMES OF REPORTING PERSONS</div>
            </td>
            <td style="border-top: 1pt solid rgb(0, 0, 0); vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-top: 1pt solid rgb(0, 0, 0); border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">Value


                Capital Partners (Pty) Ltd</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="height: 13px;">
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">2</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right;">(a)</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3"><br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: right;">(b)</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">3</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%; background-color: rgb(191, 191, 191);" colspan="3">
              <div style="font-weight: bold; text-align: left;">SEC USE ONLY</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%; background-color: rgb(191, 191, 191);">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%; background-color: rgb(191, 191, 191);">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: rgb(191, 191, 191);">
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3"> <br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr style="background-color: rgb(191, 191, 191);">
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">4</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">OO</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">5</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3"><br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">6</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">South


                Africa</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); font-weight: bold; border-left: 1pt solid rgb(0, 0, 0); width: 12.71%;" rowspan="12" colspan="2">
              <div style="text-align: center;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">7</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SOLE VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;" rowspan="2">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">9,266,897</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">8</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SHARED VOTING POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;" rowspan="2"> 0<br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">9</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;" rowspan="2">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">9,266,897</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">10</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;">
              <div style="font-weight: bold; text-align: left;">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;" rowspan="2"> 0<br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">11</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">9,266,897</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">12</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; padding-right: 2px; width: 5.01%;">
              <div style="text-align: left;">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3"><br>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">13</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3">
              <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">16.4%</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 6.36%;" rowspan="3">
              <div style="font-size: 18pt; font-weight: bold; text-align: center;">14</div>
            </td>
            <td style="vertical-align: middle; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" colspan="3">
              <div style="font-weight: bold; text-align: left;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); padding-left: 2pt; border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;" rowspan="2" colspan="3"> <font style="display: inline ! important; float: none; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">CO</font> </td>
            <td style="vertical-align: middle; width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); width: 2.59%;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: top; border-bottom: 1pt solid rgb(0, 0, 0); width: 5.01%;">
              <div style="text-align: left;">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
    </div>
    <div style="text-indent: 36pt;">The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (&#8220;Amendment No. 1&#8221;). This Amendment No. 1 amends the Schedule 13D as previously filed on April 24, 2020 (the &#8220;Schedule 13D&#8221;). Each
      Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment shall have the same meaning herein as are
      ascribed to such terms in the Schedule 13D.</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z6adfce69cb4b4221ab03eafe10a2dbe9" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 36pt;">
              <div style="text-align: left; font-weight: bold;">Item 3.</div>
            </td>
            <td style="vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">Source and Amount of Funds or Other Consideration</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">The Shares reported herein were acquired at an aggregate purchase amount of $33,140,579.98. The Shares were acquired with investment funds of the VCP Managed Funds.</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z98a3bd0345174718b3d79f36a9b1af71" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 36pt;">
              <div style="text-align: left; font-weight: bold;">Item 4.</div>
            </td>
            <td style="vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">Purpose of Transaction</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div style="background-color: rgb(255, 255, 255);">
      <div style="text-align: justify; text-indent: 36pt;">On May 13, 2020, <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0);">Value Capital Partners (Pty) Ltd (&#8220;VCP&#8221;</font>) entered into a Cooperation Agreement (the &#8220;Agreement&#8221;)
        with the Net 1 UEPS Technologies, Inc. (the &#8220;Company&#8221;). <font style="color: rgb(0, 0, 0);">Pursuant to the Agreement, on or before May 21, 2020, the Board of Directors of the Company (the "Board") has agreed to take all necessary actions to: (A)
          set the size of the Board at twelve (12) members; and (B) appoint Mr. Antony Ball (the "New Nominee") as a director of the Company and as a member of the Remuneration Committee of the Board. In connection therewith, the Company has agreed,
          subject to certain limitations set forth in the Agreement, to (i) include the New Nominee in its slate of nominees for election to the Board at its 2020 annual meeting of shareholders and 2021 annual meeting of shareholders (the "2021 Annual
          Meeting") or at any special meeting of the shareholders of the Company at which directors are to be elected to be held prior to the business day immediately following the 2021 Annual Meeting (the "Termination Date") and at which the seat held by
          the New Nominee is subject to election and (ii) recommend that the Company's shareholders vote in favor of the election of the New Nominee at each such meeting.</font></div>
      <div>&#160;</div>
    </div>
    <div style="background-color: rgb(255, 255, 255);">
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">From the date of the Agreement until the Termination Date (the "Standstill Period"), if the New Nominee is unable or unwilling to serve as a director (including as a result of
        not being elected at any annual meeting), resigns as a director or is removed as a director and so long as VCP continuously beneficially owns in the aggregate at least 5.0% of the Company's then outstanding common stock (the "Minimum Ownership
        Threshold"), VCP has the right to recommend a substitute person to replace the New Nominee. During the Standstill Period, in addition to its rights relating the appointment of the New Nominee, VCP is entitled to designate one observer to the Board.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">The Company will be relieved of its obligations with respect to the Board matters described above in the event that VCP ceases to be the beneficial owner of common stock equal
        to at least the Minimum Ownership Threshold.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">With respect to the shares of the Company's capital stock owned by VCP and its affiliates, VCP has agreed that, among other things, from and after the date of the Agreement
        through and until December 1, 2020, it will not, and it will not permit any controlling and controlled affiliate of VCP to, directly or indirectly, (A) nominate any person for election at an annual or special meeting of shareholders, (B) submit any
        proposal for consideration at, or bring any other business before any annual or special meeting of shareholders, (C) initiate, encourage or participate in any "withhold" or similar campaign with respect to any annual or special meeting of
        shareholders, (D) disclose publicly any disagreement with any decisions or actions made by the Board, (E) solicit any proxies or consents with respect to securities of the Company in opposition to the recommendation or proposal of the Board, or
        seek to influence any other person with respect to the voting of its securities of the Company or grant a proxy with respect to voting of any securities of the Company, (F) seek or encourage any person to submit nominations in furtherance of a
        contested solicitation or (G) (1) call or seek to call or request the call of any meeting of shareholders or (2) seek representation on the Board or the removal of any member of the Board (in each instance, except as expressly provided in the
        Agreement).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">Pursuant to the Agreement, during the Standstill Period, except following approval of the Board, VCP has agreed that neither it nor its affiliates will purchase or cause to be
        purchased or otherwise acquire (i) beneficial ownership of any common stock or other securities of the Company (other than securities issued pursuant to a plan established by the Board for members of the Board or a stock split, stock dividend or
        similar corporate action initiated by the Company with respect to any securities beneficially owned by VCP), if immediately after the taking of such action, VCP together with its controlled and controlling affiliates would, in the aggregate,
        beneficially own more than 19.9% of the then outstanding shares of common stock, or (ii) interests in any of the Company's indebtedness.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">Additionally, VCP agrees, among other things, that during the Standstill Period, neither it nor any of its controlling or controlled Affiliates will, and it will cause each of
        its controlling or controlled Affiliates not to, directly or indirectly, (i) form, join in or in any way participate in any "partnership, limited partnership, syndicate or other group," including, without limitation, a "group" each as defined under
        Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with any person or entity other than the New Nominee, with respect to any securities of the Company owned as of the date of the Agreement or subsequently
        acquired in accordance with the Agreement, (ii) acquire or agree, offer, seek or propose to acquire, or cause to be acquired, ownership (including beneficial ownership) of any of the assets or business of the Company or any rights or options to
        acquire any such assets or business from any person, in each case other than securities of the Company or (iii) seek, propose or make any statement with respect to, or solicit, negotiate with, or provide any information to any person with respect
        to, a merger, consolidation, acquisition of control or other business combination, tender or exchange offer, purchase, sale or transfer of assets or securities, dissolution, liquidation, reorganization, change in structure or composition of the
        Board, change in the executive officers of the Company, change in capital structure, recapitalization, dividend, share repurchase or similar transaction involving the Company, its subsidiaries or its business, whether or not any such transaction
        involves a change of control of the Company.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The foregoing description of the Agreement is qualified in its entirety by reference to the Agreement, which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.</div>
      <div>&#160;</div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z8a5ea9bdbacc4304a4abde5b93964ecc" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 36pt;">
              <div style="text-align: left; font-weight: bold;">Item 5.</div>
            </td>
            <td style="vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">Interest in Securities of the Issuer</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z618f5569d161457fa94033e89f826dbe" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

            <tr style="vertical-align: top;">
              <td style="vertical-align: top; width: 36pt;">
                <div>(a)</div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>VCP beneficially owned an aggregate of 9,266,897 Shares, constituting 16.4% of the Issuer&#8217;s outstanding Shares. The aggregate percentage of the Shares reportedly owned by VCP is based upon 56,568,425 Shares outstanding, as of February
                  3, 2020 and reported in the Issuer&#8217;s Form 10-Q filed on <font style="color: rgb(0, 0, 0);">February 10, 2020</font>.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z568477e42e9349ce91281c96c529113d" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

            <tr style="vertical-align: top;">
              <td style="vertical-align: top; width: 36pt;">
                <div>(b)</div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>VCP, as the investment manager of the VCP Managed Funds, may be deemed the beneficial owner of 9,266,897 Shares owned by the VCP Managed Funds. VCP holds sole dispositive and voting power over the Shares held by the VCP Managed Funds.</div>
              </td>
            </tr>

        </table>
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    </div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div>The following table sets forth all transactions with respect to Shares effected during the past sixty (60) days since the filing of the Schedule 13D.<br>
            </div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 90%; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z15b911e49c3147d79c71e72745d02577">

        <tr>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Date of Transaction</u></div>
          </td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Transaction Type</u></div>
            <div style="text-align: center;"><u> (Purchase or Sale)</u></div>
          </td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Shares</u></div>
          </td>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Price (USD)</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">04/23/2020</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">Sale</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">426,122</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">3.500<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;">05/19/2020</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;">Purchase</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;">2,103,069</div>
          </td>
          <td style="width: 20%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;">4.000<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="margin-left: 36pt;">(1) The sale was effected in the open market.</div>
    <div style="margin-left: 36pt;">&#160;</div>
    <div style="margin-left: 36pt;">(2) The purchase was made in an off-market transaction pursuant to a Share Purchase Agreement, dated as of May 18, 2020 (the &#8220;Share Purchase Agreement&#8221;), by and between VCP and Africa Capitalization Fund, Ltd, a
      Mauritius limited company (the &#8220;Africa Capitalization Fund&#8221;).</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(d)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of Shares.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable" id="z9f84d002d64e49e792160b6a3e7858e3">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(e)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Not applicable.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z9f132b7e13ce445ab9326670902114e7" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 36pt;">
              <div style="text-align: left; font-weight: bold;">Item 6.</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">On May 13, 2020, VCP and the Issuer entered into the Agreement defined and described in Item 4 above and attached as Exhibit 99.1 hereto.</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">On May 18, 2020, VCP and the Africa Capitalization Fund entered into the Share Purchase Agreement which places no restriction on transfer or voting rights.</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">Other than as described herein, there are no contracts, arrangements, understandings or relationships between VCP and any other person, with respect to the securities of the Issuer.</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z695bdce4ea0f43f98d0d1f831d2d677a" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 36pt;">
              <div style="text-align: left; font-weight: bold;">Item 7.</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left; font-weight: bold;">Material to be Filed as Exhibits</div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z2296c188223e4f74b140c92c670215e1">

        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="color: rgb(0, 0, 0);"><a href="http://www.sec.gov/Archives/edgar/data/1041514/000106299320002391/exhibit10-1.htm">Exhibit 99.1</a></div>
          </td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: justify; color: rgb(0, 0, 0);">Cooperation Agreement, dated May 13, 2020, by and between Net 1 UEPS Technologies, Inc. and VCP (Proprietary) Limited. (incorporated by reference to Exhibit 10.1 to the Current Report on
              Form 8-K, filed by Net 1 UEPS Technologies, Inc. on May 14, 2020)</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Dated: May 20, 2020</div>
          </td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="font-weight: bold;">Value Capital Partners (Pty) Ltd</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 48%; vertical-align: top;"><u>/s/ Samuel Sithole</u></td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div>Name: Samuel Sithole</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div>Title: Chief Executive Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
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