<SEC-DOCUMENT>0001140361-22-012419.txt : 20220331
<SEC-HEADER>0001140361-22-012419.hdr.sgml : 20220331
<ACCEPTANCE-DATETIME>20220331214746
ACCESSION NUMBER:		0001140361-22-012419
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220329
FILED AS OF DATE:		20220331
DATE AS OF CHANGE:		20220331

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:		22795553

	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

REPORTING-OWNER:	

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

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		22795554

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

REPORTING-OWNER:	

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

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31203
		FILM NUMBER:		22795555

	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

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>2022-03-29</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001810390</rptOwnerCik>
            <rptOwnerName>Value Capital Partners (Pty) Ltd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ROSEBANK LINK</rptOwnerStreet1>
            <rptOwnerStreet2>173 OXFORD ROAD, 8TH FLOOR, ROSEBANK</rptOwnerStreet2>
            <rptOwnerCity>JOHANNESBURG</rptOwnerCity>
            <rptOwnerState>T3</rptOwnerState>
            <rptOwnerZipCode>2196</rptOwnerZipCode>
            <rptOwnerStateDescription>SOUTH AFRICA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <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>

    <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>2022-03-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2066</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>5.49</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12957245</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $5.46 to $5.50. Full information regarding the number of shares of the common stock (the &quot;Shares&quot;) of Net 1 UEPS Technologies Inc. (&quot;Net 1&quot;) purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.</footnote>
        <footnote id="F2">Value Capital Partners (Pty) Ltd (&quot;VCP&quot;) is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust (&quot;VCP QIHF&quot;), and certain segregated accounts (together with VCP QIHF, the &quot;VCP Managed Funds&quot;). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Samuel Sithole</signatureName>
        <signatureDate>2022-03-31</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Monde Nkosi</signatureName>
        <signatureDate>2022-03-31</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Antony C. Ball</signatureName>
        <signatureDate>2022-03-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
