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02-Oct-2017
(Official Notice)
Notice is hereby given that the Company?s annual general meeting of shareholders will be held at 16H00, local time, 09H00 Eastern Time, on November 15, 2017, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1?s website at phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9Mzg5Mzg2fENoaWxkSUQ9LTF8VHlwZT0z-t=1-cb =636422104711548344.



Net1?s board of directors has fixed the close of business on September 22, 2017, as the record date for determining shareholders entitled to notice of and to vote at the meeting.



The Company?s 2017 annual report is also available on its website at phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9Mzg5Mzg1fENoaWxkSUQ9LTF8VHlwZT0z-t=1-cb =636422104711548344.





25-Aug-2017
(C)
Revenue for the year was higher at USD610.1 million (USD590.7 million). Operating income lowered to USD97.0 million (USD114.4 million). Net income attributable to Net1 declined to USD73.0 million (USD82.5 million). Furthermore, headline earnings per share took a knock to USD133cps (USD164cps).



Conference Call

Net1UEPS will host a conference call to review Q4 and year end 2017 results on August 25, 2017, at 8:00 Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through September 17, 2017.
07-Aug-2017
(Official Notice)
Net1 announced the completion of its 15% investment in Cell C Ltd. (?Cell C?) and 45% investment in DNI-4PL Contracts (Pty) Ltd. (?DNI?). Cell C is one of the three major licensed mobile operators in South Africa with over 15 million active subscribers, and DNI is the leading distributor of mobile subscriber starter packs for Cell C, while also distributing prepaid airtime through its extensive network of field operatives and agents. Blue Label Telecoms (?BLT?) also announced today that its investment of 45% in Cell C has been completed.



Strategic Rationale

Net1?s mission has always been to provide a transaction processing solution for the unbanked and under-banked populations of developing economies, enabling those who generally have limited or no access to a bank account, to enter affordably into electronic transactions with each other, government agencies, employers, merchants, and financial services providers. The investments in Cell C and DNI are consistent with Net1?s approach of leveraging its significant and established infrastructures, and pursuing strategic acquisition opportunities or partnerships to gain access to new markets or complementary products.



Net1, Cell C and BLT have identified the need to offer customers a truly bespoke, affordable and comprehensive package that will go beyond basic telephony. An integrated mobile-based digital product will therefore likely differentiate the offerings of all the relevant stakeholders in this transaction including Net1. The Cell C and DNI investments allow us to address the needs of the broader South African population by owning the value chain including the network, payment, product, distribution and hardware.
07-Aug-2017
(Official Notice)
Net1 today announced that it will release fourth quarter and full year 2017 results after the market close on August 24, 2017. Net1 management will host a conference call to review these results on August 25, 2017, at 8:00 a.m. Eastern Time.



31-Jul-2017
(Official Notice)
Net1 (NasdaqGS: UEPS; JSE: NT1) announced that its board of directors has issued its former CEO, Mr. Serge C.P. Belamant, a 90- day written notice to terminate his two-year consulting agreement with the Company. Mr. Belamant retired as CEO of Net1 on May 31, 2017. The Company will not be making any termination payments to Mr. Belamant beyond the 90-day notice period.
27-Jul-2017
(Official Notice)
20-Jun-2017
(Official Notice)
Net1 announces that the High Court of the Republic of South Africa Gauteng Division, Pretoria ("High Court") has refused the applicants?, including the Minister of Social Development, SASSA and Black Sash, leave to appeal its May 9, 2017, declaratory order.



On May 9, 2017, the High Court issued a declaratory order that the Social Assistance Act of 2004 and Regulations promulgated in terms thereof do not restrict social grant recipients in the operation of their bank accounts and refused the Black Sash and other parties' applications to intervene in the matter. Several parties, including SASSA, its Chief Executive Officer, the Minister of Social Development and the Black Sash applied for leave to appeal the order.



SASSA, its Chief Executive Officer and the Minister of Social Development were ordered to pay the costs of the application for the leave to appeal.



05-Jun-2017
(Official Notice)
Net1 (announced the establishment of an independent ombudsman, Advocate Neville Melville, who will oversee dispute resolution regarding the company?s financial services and value-added product sales through various subsidiaries in South Africa.



Advocate Neville Melville is uniquely experienced in the dispute resolution field, having been appointed as a functionary of the National Peace Accord in turbulent KwaZulu-Natal in the run up to South Africa?s first democratic election. He then established the Independent Complaints Directorate (now IPID) under the Mandela Administration before becoming the Banking Ombudsman, in which capacity he served for seven years. Thereafter, he assisted various ombudsman offices in South Africa and other African countries with setting up their offices, training their staff members, compiling manuals, reviewing their processes and conducting research. For the last four years, he has headed the Consumer Goods and Services Ombud scheme, which is accredited under statute. He is a member of the Chartered Institute of Arbitrators (London).



The services provided by the ombudsman will include receiving complaints from the company?s customers, including social grant recipients, seeking any outstanding information necessary for a decision and settling the complaints by way of conciliation, mediation, fact finding or decision binding upon the company. The ombudsman will function independently from the company?s established query and dispute resolution process.



Advocate Melville will commence with his activities with immediate effect and will attend a community meeting as an independent observer in the Western Cape today, together with representatives from the company and Grindrod Bank, relating to complaints raised by social grant recipients. The company expects to publish the ombudsman?s terms of reference, reporting obligations, contact details and a customer service charter before the end of June 2017.
02-Jun-2017
(Official Notice)
The Company announced on 1 June 2017 that it intended to pursue investments in Cell C (Pty) Ltd. (?Cell C?) and DNI-4PL Contracts (Pty) Ltd. (?DNI?) but that it would no longer be investing directly in Blue Label Telecoms Ltd. (?Blue Label?).



The Board of Net1UEPS wishes to clarify that its recently appointed chief executive officer did not unilaterally terminate the subscription agreement with Blue Label. The decision not to invest was made by the full Net1UEPS board before the end of May 2017. The proposed three investments by Net1UEPS required the utilization of cash reserves, bank finance and the issuance of shares of its common stock to fund the transactions.



The material reduction in the Net1UEPS share price in the first five months of 2017 and the lack of volume demand for its shares at this time would have made it detrimental to Net1UEPS shareholder value for it to proceed with a share placement. The Board accordingly concluded that Net1UEPS could only use cash resources and bank debt and could therefore only conclude two of the three investments.



Net1UEPS approached Blue Label on these matters and both parties mutually agreed that Net1UEPS would not subscribe for shares in Blue Label and would proceed only with the investments in Cell C and DNI. Blue Label would replace the Net1UEPS subscription with a private placement with other parties to part fund its investment in Cell C.
01-Jun-2017
(Official Notice)
Net1UEPS announced the appointment of Mr Alfred Mockett as an independent non-employee director of the Company, effective June 1, 2017. He will also serve on the nominating and corporate governance, audit and remuneration committees.
01-Jun-2017
(Official Notice)
Net1UEPS announced that it will continue to pursue its acquisition of a 15% interest in the issued share capital of Cell C (Pty) Ltd. (?Cell C?) for a consideration of ZAR 2 billion.



Blue Label Telecoms Ltd. (?Blue Label?) and the Company?s subsidiary, Net1UEPS Applied Technologies South Africa (Pty) Ltd. (?Net1UEPS SA?), have mutually agreed that Net1UEPS SA will not subscribe for shares in Blue Label and the subscription agreement has therefore been terminated.



The Company has also been released from its ZAR 2 billion guarantee issued by FirstRand Bank Ltd., acting through its Rand Merchant Bank division (?RMB?), in favour of Blue Label. The Company continues to make substantial progress toward finalizing terms to acquire a non-controlling interest in DNI-4PL Contracts (Pty) Ltd. (?DNI?), with an option to acquire a controlling stake in DNI in the future.



The proposed investments in Cell C and DNI are subject to certain conditions, including the satisfactory completion of due diligence, the required internal and external approvals and the execution of definitive transaction agreements. The Company intends to settle the purchase consideration for these two investments using a combination of surplus cash and debt. The Company does not intend to issue any shares of common stock to fund these two investments.
25-May-2017
(Official Notice)
Net1UEPS announced that Mr Serge C P Belamant will retire as Chief Executive Officer and a director of the Company at the end of this month and Mr Herman G Kotz?, currently the Company?s Chief Financial Officer, has been appointed as Chief Executive Officer effective on June 1, 2017.
18-May-2017
(Official Notice)
Net1announced that the National Prosecuting Authority (the "NPA") has reaffirmed its "no prosecution decision" reached in August 2016 on the criminal charges brought by the South African Social Security Agency ("SASSA") against the Company and Grindrod Bank Ltd ("Grindrod Bank").



On August 11, 2016, the company announced that it had been notified that the NPA had taken a "no prosecution decision" on the criminal charges brought by SASSA against the company and Grindrod Bank. On May 17, 2017, the NPA notified the company that no further action will be taken and that it can consider the case closed.



The company is of the view that the charges were not justified and could be classified as vexatious in nature. The company has reserved its rights in that regard.

09-May-2017
(Official Notice)
Net1 announced that the High Court of the Republic of South Africa Gauteng Division, Pretoria (?High Court?) has issued the declaratory order sought by the Company that the Social Assistance Act of 2004 (the ?Act?) and recent Regulations promulgated in terms thereof (the ?Regulations?) do not restrict social grant recipients in their operation of their banks accounts. This order therefore clarifies that recipients may continue to initiate debit order instructions with any service provider, including the Company and its subsidiaries, against their bank accounts for the payment of goods and services. In accordance with industry practice, recipients may also query and request the reversal of disputed debits.



SASSA, its Chief Executive Officer and the Minister of Social Development were ordered to pay the costs of the application. The complete judgment is available on the Company?s website at www.net1.com In 2016, SASSA challenged the Company?s ability to operate certain aspects of its financial services businesses in a commercial manner by adopting an interpretation of the Act and Regulations that would prohibit the Company and Grindrod Bank Limited from processing debit orders from social welfare recipients? bank accounts. The Company believed that SASSA?s interpretation was erroneous and on June 3, 2016, it filed for a declaratory order with the High Court to provide certainty to Net1, as well as other industry stakeholders, on the interpretation of the Act and Regulations. The matter was heard by the Court on October 17 and 18, 2016 and judgment was handed down.
05-May-2017
(C)
Revenue for the quarter increased to USD147.9 million (2016: USD134.7 million). Operating income decreased to USD24.5 million (2016: USD26.2 million) and net income attributable to Net1 was recorded at USD18.4 million (2016: USD18.4 million), Furthermore, headline earnings per share lowered to USD34 cents per share (2016: USD36 cents per share).

21-Apr-2017
(Official Notice)
Net 1 has noted with concern the on-going, repetitive and false accusations regarding our business practices, particularly those pertaining to the distribution of social grants through our subsidiary Cash Paymaster Services (Pty) Ltd. (?CPS?), and the provision of financial services through our various wholly-owned subsidiaries, including Moneyline Financial Services (Pty) Ltd (?Moneyline?) and The Smart Life Insurance Company Ltd. (?Smart Life?). As we discuss below, we are convinced that these accusations have no merit.



In order to ensure that our business practices comply with applicable law, our Board relies on our internal controls and procedures, the supervision of our compliance department, and the reports that our Board regularly receives from KPMG, our internal auditors. After two of our largest shareholders recently publicly encouraged us to procure an external review of our business practices to determine the truth or falsity of the accusations made against us; our Board concluded that such a review would assist us in setting the record straight. We therefore engaged KPMG to conduct a review specifically focusing on our business practices and to provide us with a factual findings report (?KPMG report?) that addresses the accusations made against us. The KPMG report has been supplemented by confirmations from a supplier and legal opinions from our legal advisors. We encourage all interested persons to read these reports and opinions, as the Board has concluded that they verify the accuracy of all of the statements of fact, calculations and data we discuss below in this release.



The KPMG report, supplier letter, legal opinions and the Constitutional Court of South Africa (?Constitutional Court?) judgments referenced in the Smit Sewgoolam, Inc. opinion are accessible on our website. We have also posted a document, in a frequently asked questions format, to our website that provides additional information related to the matters below. All documents are available on our website at http://ir.net1.com/phoenix.zhtml-c=73876-p=irol-downloads.
11-Apr-2017
(Official Notice)
Net1 announced it will release third quarter 2017 results after the market close on May 4, 2017. Net1 management will host a conference call to review these results on May 5, 2017, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through May 28, 2017
07-Apr-2017
(Official Notice)
Net1 announced that its Board of directors has determined to split the Chairman and Chief Executive Officer roles in recognition of the growing practice of US public companies, as well as the customary practice of South African public companies, to have the Chairman be an independent director. The Board has come to believe that separating the roles of Chairman and Chief Executive Officer is the appropriate corporate governance model for the Company at this time, especially given its secondary listing on the JSE and its significant South African institutional shareholder base.



As a result of the foregoing determination, the Company has appointed Mr Christopher S Seabrooke as Chairman of the Board. Mr Serge CP Belamant has resigned as chairman but will remain a director and Chief Executive Officer of the Company.



In addition, the Board is actively seeking to appoint additional independent directors. The Board expects that at least one director will be a person designated by the International Finance Corporation, pursuant to the Company?s agreement with the IFC and affiliated funds. The Board has been conducting a search over the past few months and believes it will shortly be in a position to send formal invitations to its preferred candidates. At such time as additional directors are appointed, the Board will review the composition and chairmanship of all Board committees.



The Board also intends to review the relevant parts of the Company?s ongoing business strategy and management structure as soon as the outcome of its proposed investments in Blue Label Telecoms Ltd., Cell-C (Pty) Ltd. and DNI-4PL Contracts (Pty) Ltd. (as announced on March 1, 2017) are known.



Further to the advice in its Board Statement of March 16, 2017, the Company has appointed Burson-Marsteller as its media relations agency to manage all of the Company?s external communications. For the time being, no statements will be made, or interviews given by any Company or Cash Paymaster Services (Pty) Ltd. officials and only statements and releases on behalf of the Board will be issued.
04-Apr-2017
(Official Notice)
Net1 announced that its subsidiary, Cash Paymaster Services (Pty) Ltd (?CPS?), has again ensured uninterrupted service delivery to South Africa?s 10.6 million social grant recipients for the April 2017 pay-cycle.



On Friday, March 31, 2017, CPS credited the bank accounts of all 10.6 million grant recipients with their April 2017 grants. As at the close of business on April 3, 2017, 6.8 million of these recipients had already accessed their grants via the National Payment System or pay points, with a total aggregate value of approximately R7.8 billion processed.



CPS processed a record 535,000 transactions per hour on April 1, 2017, without any service interruption or degradation. Net1?s UEPS/ EMV platform continues to provide grant recipients complete flexibility to choose the most convenient channel through which they access their grants, either through the National Payment System, including ATMs, participating merchants or at pay points administered by CPS.



CPS expects to complete the April 2017 pay-cycle in accordance with SASSA?s prescribed timetable.



31-Mar-2017
(Official Notice)
Net1 announced that its South African subsidiary, Cash Paymaster Services (Pty) Ltd (?CPS?), has signed an addendum to its contract with the South African Social Security Agency (?SASSA?). The addendum extends the existing contract for a period of 12 months to March 31, 2018, under the current contract?s terms and conditions, and also includes the specific terms as ordered by the Constitutional Court of South Africa in its March 17, 2017, ruling. The company confirms that payment of the April grants to 10.5 million grant recipients is on track and affirms its commitment to uninterrupted service delivery.

17-Mar-2017
(Official Notice)
Net1 announced that the South African Constitutional Court (?Constitutional Court?) has given an order regarding the continued payment of social grants when the current contract between the Company?s subsidiary Cash Paymaster Services (Pty) Ltd. (?CPS?) and SASSA expires on March 31, 2017. Essentially, the current contract between CPS and SASSA has been extended for a further period of 12 months under the current contract?s terms and conditions, augmented by certain additional terms and conditions ordered by the Constitutional Court.
16-Mar-2017
(Official Notice)
01-Mar-2017
(Official Notice)
Net1 announced that it has agreed with Blue Label Telecoms Ltd. (?Blue Label?) to extend the subscription date for the company's proposed 15% investment in Blue Label. On February 27, 2017 Blue Label announced that it was party to a binding umbrella restructure agreement with Cell C and other relevant parties, in terms of which Blue Label?s proposed subscription for 45% of the share capital of Cell C was confirmed. The binding restructure agreement is subject to the conclusion of the relevant transaction agreements by no later than June 30, 2017.



Net1 and Blue Label have accordingly agreed to extend the subscription date from February 28, 2017, to no later than June 30, 2017, in order to afford Blue Label the necessary flexibility to close its proposed Cell C transaction.



The company, Blue Label and FirstRand Bank Ltd., acting through its Rand Merchant Bank division (?RMB?) have agreed to amend the R2 billion guarantee issued by RMB in favour of Blue Label by extending the expiry date to May 31, 2017. All other terms of the loan facilities obtained from RMB in October 2016 remain the same.



The company is also a party to the umbrella restructure agreement with Cell C and has offered to acquire a direct stake of 15% of the issued share capital of Cell C for a consideration of R2 billion.



The company has also concluded a memorandum of understanding to acquire 49.6% of DNI-4PL Contracts (Pty) Ltd (?DNI?), with an option to acquire a controlling stake in DNI in the future. DNI is the leading distributor of mobile subscriber starter packs for Cell C and also distributes pre-paid airtime through an extensive network of field operatives and agents.



The proposed investments in Cell C and DNI are subject to certain conditions, including the satisfactory completion of due diligence, the required internal and external approvals and the execution of definitive transaction agreements. The Company intends to settle the purchase consideration for these two investments using a combination of surplus cash, debt and new equity placement.



24-Feb-2017
(Official Notice)
Net1 announced on Friday, 24 February 2017 that, further to its press release dated February 9, 2017, its subsidiary, Cash Paymaster Services (Pty) Ltd (?CPS?) has received a written confirmation from SASSA that a formal meeting has been scheduled for March 1, 2017 to discuss the payment of social grants beyond March 31, 2017 when the current contract between CPS and SASSA terminates.



The Company looks forward to fair and transparent negotiations with the SASSA delegation and is fully aware of the critical nature of the services it provides to millions of South Africans and the need for uninterrupted service delivery. The Company reiterates its commitment to assist social grant recipients, SASSA and the South African government within the ambit of all relevant laws and regulations. The Company cannot predict what the outcome of the meeting will be, whether any agreement will be concluded or what the terms and conditions of any agreement will be.



10-Feb-2017
(C)
Revenue for the interim period increased to USD307.1 million (2015: USD304.8 million). Operating income was USD57.8 million (2015: 56.0 million). Net income attributable to shareholders was higher at USD42.3 million (2015: USD39.7 million). In addition, headline earnings per share lowered to USD81 cents per share (2015: USD84 cents per share).



24-Jan-2017
(Official Notice)
Net1 announced that it has entered into an agreement to acquire a 30% interest in Bank Frick - Co AG (?Bank Frick?), a fully licensed bank based in Balzers, Liechtenstein. The completion of the investment is subject to approval from the Liechtenstein Financial Market Authority. Following the successful completion of this investment, the Company will have a two-year option to acquire a further 35% in Bank Frick.



Bank Frick provides a complete suite of banking services, with one of its key strategic pillars being the provision of payment services and funding of financial technology opportunities. Bank Frick holds acquiring licenses from both Visa and MasterCard and operates a branch in London.
12-Jan-2017
(Official Notice)
Net1 announced it will release second quarter 2017 results after the market close on February 9, 2017. Net1 management will host a conference call to review these results on February 10, 2017, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through March 5, 2017.

09-Dec-2016
(Official Notice)
Net1 announced that in compliance with paragraph 2.6 of the JSE Ltd. Listings Requirements, shareholders of Net1 are advised that its sponsor services engagement with Deutsche Securities (SA) (Pty) Ltd. (?Deutsche?) has been terminated by mutual consent with effect from January 3, 2017.



On completion of the requisite regulatory formalities, Rand Merchant Bank, a division of FirstRand Bank Ltd. (?Rand Merchant Bank?) will be appointed as the Company?s sponsor with effect from January 3, 2017. The board of directors and management of Net1 wish to thank Deutsche for its contribution to Net1 and welcome Rand Merchant Bank as its new sponsor.

09-Dec-2016
(Official Notice)
Net1 Applied Technologies South Africa (Pty) Ltd. (?Net1SA?), a directly wholly-owned subsidiary of Net 1 UEPS Technologies, Inc. (the ?Company?), and certain of Net1SA?s wholly-owned subsidiaries, signed a Second Addendum to the Facility Letter (as amended) (the ?Second Addendum?) with Nedbank Limited, a South African bank (?Nedbank?), to reduce the overdraft facility component of the available aggregate facility with Nedbank to ZAR 50 million from ZAR 200 million. The aggregate amount of the facility remained at ZAR 400 million; however, the terms of the facility were modified such that the aggregate amount consisted of (i) a primary amount of up to ZAR 200 million, which is immediately available, and (ii) a secondary amount of up to ZAR 200 million, which is not immediately available. The overdraft facility is included within the primary amount.



On December 9, 2016, Nedbank issued a letter (the ?Nedbank Facility Letter?) to Net1 SA under which it agreed to temporarily increase the overdraft facility by the secondary amount of ZAR 200 million to ZAR 250 million. The increase in the overdraft to ZAR 250 million is available until the earlier of the day on which the Company issues shares to the value of $45.0 million or the day on which FirstRand Bank Limited (acting through its Rand Merchant Bank division) repays ZAR 600 million back to Net1 SA that is currently held in escrow related to the issuance of a ZAR 2 billion guarantee to Net1 SA.



The foregoing description of the Nedbank Facility Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Nedbank Facility Letter, a copy of which was filed as an exhibit on a Form 8-K with the United States Securities and Exchange Commission on December 9, 2016.
18-Nov-2016
(Official Notice)
Net1 announced that it has agreed with Blue Label Telecoms Ltd. (?Blue Label?) to extend the subscription date for the Company's proposed investment in Blue Label. On November 16, 2016, Blue Label?s shareholders voted in favour of placing approximately 118 million authorised but unissued Blue Label shares under the control of Blue Label?s directors for the purpose of the Net1 vendor consideration placement pursuant to Blue Label?s proposed investment in Cell C. The Blue Label shareholders also approved the proposed acquisition of 45% of Cell C, subject to the successful recapitalization of Cell C.



The parties agreed to extend the subscription date from November 17, 2016, to no later than February 28, 2017, in order to afford Blue Label the necessarily flexibility to close its proposed Cell C transaction. Blue Label and Cell C have agreed to extend their proposed transaction date in order to provide Cell C the necessary time to further reduce and restructure its borrowings to ZAR 6 billion from ZAR 8 billion previously. Blue Label and Cell C have agreed February 28, 2017, as the latest date for the fulfilment or waiver, as the case may be, of the final condition precedent to this proposed transaction.



The Company, Blue Label and FirstRand Bank Ltd., acting through its Rand Merchant Bank division (?RMB?) have agreed to amend the ZAR 2 billion guarantee issued by RMB in favour of Blue Label by extending the expiry date to February 28, 2017. All other terms of the loan facilities obtained from RMB in October 2016 remain the same. The Company has also further amended its Stock Purchase Agreements with N2 Partners Ltd and Draper Gain Investments Ltd to extend the purchase date to no later than February 28, 2017, in order to align closing with the Blue Label subscription transaction.
08-Nov-2016
(Official Notice)
The annual meeting of shareholders of Net1 was held on November 8, 2016. Proposal No. 1?Election of Directors All director nominees were elected and cast votes The ratification of the selection of Deloitte - Touche (South Africa) as the Company?s independent registered public accounting firm for the fiscal year ending June 30, 2017. The compensation of the Company?s named executive officers was approved, on an advisory, non-binding basis.
04-Nov-2016
(C)
Revenue for the quarter increased to USD155.6 million (2015: USD154.5 million), operating income was higher at USD32.2 million (2015: USD31.2 million), net income attributable to owners of Net1 rose to USD24.6 million (2015: USD23 million), while headline earnings per share decreased to USD46cps (2015: USD49cps).



Conference Call

Net1 will host a conference call to review Q1 2017 results on November 4, 2016, at 8:00 Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through November 27, 2016.
03-Nov-2016
(Official Notice)
Net1 announced that it has obtained two Authorised Electronic Money Institution (?AEMI?) licenses ? one in the United Kingdom, and one in Malta. The UK AEMI license has been granted to Net1?s wholly-owned subsidiary, Transact24 Limited (?T24?), by the Financial Conduct Authority of the United Kingdom following a new application process. In Malta, the Malta Financial Services Authority (?MFSA?) approved the Company?s acquisition of the entire issued share capital of C4U-Malta Ltd., a licensed MFSA-supervised electronic money institution, for approximately USD3.9 million. These licenses allow Net1 to issue electronic money and payment instruments, acquire transactions, perform money remittances, and act as a payment intermediary. Both AEMI licenses have been passported to all member countries of the European Union and the European Economic Area.
25-Oct-2016
(Official Notice)
Net1 announced that it has procured the necessary bank funding to complete its previously- announced strategic investment of an approximate 15% equity stake in Blue Label Telecoms Ltd., a JSE-listed company which is a leading provider of prepaid electricity and airtime in South Africa (?Blue Label?). The company expects to use a combination of existing cash reserves, a portion of the loan facilities and the previously-announced equity placement to facilitate payment of the ZAR 2 billion subscription price.



The company expects the Blue Label transaction to close immediately after Blue Label shareholder approval is obtained at a meeting scheduled for November 16, 2016.



The bank funding comprises two-year loan facilities from FirstRand Bank Ltd., acting through its Rand Merchant Bank division (?RMB?) for an aggregate of ZAR 1.4 billion which will be used, among other things, to finance a portion of the investment in Blue Label. Interest rates on the loans are linked to one-month Johannesburg Interbank Average Rate (?JIBAR?), currently approximately 7.1% plus margins on the loans varying from 1.35% to 2.75%, with an average margin on fully utilized loans of 2.25%. The company has used the loan facilities, plus ZAR 600 million of its existing cash reserves to procure a ZAR 2 billion guarantee from RMB in favour of Blue Label. The company expects to close its equity placement in November 2016 and receive USD45.0 million from the issuance of 5 000 000 shares of its common stock.

13-Oct-2016
(Official Notice)
Net1 announced it will release first quarter 2017 results after the market close on November 3, 2016. Net1 management will host a conference call to review these results on November 4, 2016, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through November 27, 2016.





05-Oct-2016
(Official Notice)
Net1 announced that it has entered into a share subscription agreement with Blue Label Telecoms Ltd. (?Blue Label?) (JSE: BLU) to subscribe for approximately 117.9 million shares in Blue Label, at a subscription price of ZAR16.96 per share, representing a 10% discount to R18.84, being the 30-day volume weighted average price of a Blue Label share traded on the Johannesburg Stock Exchange (?JSE?) to September 29, 2016. The aggregate subscription consideration payable by Net1 is R2.0 billion (USD144.0 million). Following implementation of the subscription, Net1 will own approximately 15% of the issued ordinary shares in Blue Label. Net1 expects to settle the subscription consideration through a combination of cash resources, debt instruments and an equity issuance of five million shares of common stock, at an issue price of USD9.00 per share. Following implementation of the subscription, which is subject to the finalization of the financing package and the approval of Blue Label shareholders, Net1 will be entitled to nominate a director to Blue Label?s board.



Blue Label also announced that it intends to acquire a 45% interest in Cell C, one of South Africa?s three major licensed mobile network operators. For the fiscal year ended May 31, 2016, Blue Label reported revenue of R26.2 billion (USD1.9 billion), EBITDA of R1.24 billion (USD90.0 million) and earnings per share of R1.04 (USD0.07).



Conference Call

The Company will host a conference call to discuss these transaction on October 5, 2016, at 8:30 a.m. Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through October 26, 2016.



03-Oct-2016
(Official Notice)
The Company?s annual general meeting of shareholders will be held at 16H00, local time, 09H00 Eastern Time, on November 8, 2016, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa.
07-Sep-2016
(Official Notice)
Net1 announced that its USD50 million 10b5-1 share repurchase plan expired on August 31, 2016. Under the 10b5-1 plan, the company repurchased approximately 2.9 million shares of its common stock for approximately USD29.1 million, at an average price of USD10.11 per share. In February 2016, the company?s board approved a USD100 million repurchase plan, and as of August 31, 2016, the company had approximately USD55.0 million remaining under this authorization.



In early September 2016, the company?s Audit Committee approved the repurchase of approximately 226,000 shares of company common stock from certain executive officers and staff at the September 2, 2016, volume weighted average price of USD9.65, or approximately USD2.2 million. Included in this amount are approximately 187,000 shares bought from Serge Belamant, Chairman and CEO of Net1. These 187,000 shares were held on the company?s South African register and any proceeds from the sales have to be repatriated back to South Africa. Mr. Belamant intends to use the proceeds from these share sales to settle certain South African tax obligations and costs arising from his relocation to the United Kingdom.



26-Aug-2016
(Official Notice)
Net1 announced that it has signed a subscription agreement with One MobiKwik Systems Private Ltd. (?MobiKwik?) in India. MobiKwik is India's largest independent mobile payments network, with over 32 million users and 100 000 retailers. MobiKwik?s current shareholders include Sequoia Capital, Tree Line Asia, American Express, Cisco Investments, GMO Payment Gateway and MediaTek, as well as Bipin Preet Singh and Upasana Taku, the founders and executive officers.



As part of the strategic partnership, Net1 will invest up to USD40 million in MobiKwik over the next 24 months. In addition, through our technology agreement, Net1?s Virtual Card technology will be integrated across all MobiKwik wallets in order to provide ubiquity across all merchants in India.



According to a July 2016 Google-BCG study, the size of India?s digital payments industry will reach USD500 billion by 2020, representing a ten-fold increase from current levels. The report predicts that more than 50% of India?s internet users are expected to use digital payments by 2020, and the top 100 million users are expected to drive 70% of digital payments by value. The report also predicts that the value of remittances and money transfers that will pass through alternative digital payment instruments will double to 30% by 2020.



There are many similarities between South Africa and India including highly regulated markets, limited infrastructure and large unbanked populations. There have always been close ties and there is growing cooperation between the two countries, culminating with Indian Prime Minister Narendra Modi?s visit to South Africa last month. This transaction lends further support to their efforts to drive improving bilateral relations in trade and investment.
26-Aug-2016
(C)
Revenue for the year decreased to USD590.7 million (USD626 million) whilst operating income fell to USD114.4 million (USD128.5 million). Net income attributable to NET1UEPS shareholders came in at USD82.5 million (USD94.7 million). Furthermore, headline earnings per share decreased to USD164cps (USD202cps).



Conference Call

Net 1 UEPS will host a conference call to review Q4 2016 results on August 26, 2016, at 8:00 Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through September 18, 2016.

11-Aug-2016
(Official Notice)
Net1 announced that it has been notified that the National Prosecuting Authority has taken a ?no prosecution decision? on the criminal charges brought by SASSA against the Company and Grindrod Bank Ltd.



On June 15, 2016, SASSA brought criminal charges against the company and Grindrod Bank for failing to comply with the recently amended Regulations to the Social Assistance Act (the ?Regulations?), which SASSA interprets to prohibit the processing of deductions from bank accounts held by SASSA beneficiaries. SASSA?s decision to file the criminal charges followed the company?s announcement on June 3, 2016, that it had filed for a declaratory order with the South African High Court to provide certainty on the interpretation of the Regulations. SASSA is opposing the company?s application, which is scheduled to be heard on October 17, 2016.



10-Aug-2016
(Official Notice)
Net1 announced that the Competition Commission of South Africa (the ?Commission?) has declined to refer a complaint lodged against the company and Grindrod Bank Ltd. (?Grindrod Bank?) by the Hon. Elza van Lingen, a Member of Parliament, to the Competition Tribunal (the ?Tribunal?) for consideration.



The complaint alleged that Cash Paymaster Services (Pty) Ltd. (?CPS?), a subsidiary of the Company, provided other associates of the company as well as Grindrod Bank with access to the database of social grant beneficiaries that CPS maintains as part of CPS?s contract with the South African Social Security Agency. The complaint further alleged that access to this database had the effect of placing Grindrod Bank and Net1 at an advantage over other banks for the provision of insurance policies, loans and prepaid airtime and electricity.



Following an investigation of the complaint, the Commission decided not to refer the matter to the Tribunal for consideration and advised the Hon. Van Lingen that she had the option of referring the matter directly to the Tribunal if she disagreed with the Commission?s decision. The Hon. Van Lingen has not referred the matter within the prescribed time and the matter has accordingly been closed.



04-Aug-2016
(Official Notice)
Net1UEPS announced it will release fourth quarter and full year 2016 results after the market close on August 25, 2016. Net1 management will host a conference call to review these results on August 26, 2016, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request Net1 call upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through September 18, 2016.
29-Jun-2016
(Official Notice)
Net1 announced that it has adopted a Rule 10b5-1 plan (the ?Plan?) for the purpose of repurchasing approximately USD50 million of its common stock. The Plan has been established in connection with the USD100 million share repurchase program that was previously announced on February 4, 2016.



A plan under Rule 10b5-1 allows a company to repurchase its shares at times when it otherwise might be prevented from doing so under insider trading laws or because of self- imposed trading blackout periods. A broker selected by the company will have the authority under the terms and limitations specified in the Plan to repurchase shares on the Company?s behalf in accordance with the terms of the Plan. Because the repurchases under the Plan are subject to certain pricing parameters, there is no guarantee as to the exact number of shares that will be repurchased under the Plan, or that there will be any repurchases pursuant to the Plan.
28-Jun-2016
(Official Notice)
Net1 announced that the declaratory order being sought by the company regarding the interpretation of the Regulations to the Social Assistance Act has been set down for argument in the Gauteng Division, Pretoria of the High Court of South Africa on October 17 and 18, 2016.



The court order prohibits the South African Social Security Agency (?SASSA?) from making any representations to the South African Police Services and the National Prosecuting Authority regarding the criminal charges laid against the company and Grindrod Bank for the alleged contravention of the Social Assistance Act pending the determination of the dispute, including the determination of any appeals. In addition, the order prevents SASSA from issuing further demands to the company and Grindrod Bank to stop the processing of debit transactions against SASSA bank accounts pending the determination of the dispute, including the determination of any appeals.



17-Jun-2016
(Official Notice)
Net1 announced that it exercised its option to acquire the remaining 40% of Masterpayment AG (?Masterpayment?), a specialist payment services processor based in Munich, Germany, and finalized the earn-out purchase consideration related to the transaction concluded in April 2016. Net1 now owns 100% of Masterpayment, having acquired 60% of Masterpayment in April 2016.
17-Jun-2016
(Official Notice)
Net1 announced that the South African Social Security Agency (?SASSA?) has brought criminal charges against it and Grindrod Bank Ltd. for failing to act in terms of the recently amended Regulations to the Social Assistance Act (the ?Regulations?) which limits the processing of deductions from bank accounts held by SASSA beneficiaries.



SASSA?s decision to file charges follows the Company?s announcement on June 3, 2016, that it had filed for a declaratory order with the South African High Court to provide certainty on the interpretation of the Regulations (the ?application?). SASSA indicated that it will oppose the Company?s application but has not yet filed an answering affidavit, which is due on June 20, 2016.



The Company has already been joined in its application by several other industry participants, and the South African Reserve Bank (the ?SARB?) has also indicated that it will not oppose the application and will file an explanatory affidavit setting out its position concerning the effects that new regulations will have on the national payment system regulated by the SARB. It is not clear why SASSA has not yet filed similar criminal charges against the approximately 1,300 other financial institutions (including most of the major South African banks), who submitted debit orders against the bank accounts held by SASSA beneficiaries during the June payment cycle, or if it intends to do so in order to be consistent in its approach. The High Court hearing on the application has been scheduled for June 28, 2016.
07-Jun-2016
(Official Notice)
Net1 announced that Dhruv Chopra, Head of Investor Relations, will present at the Baird Global Consumer, Technology - Services Conference in New York City on June 8, 2016. Net1 will provide a live webcast on the audio-only presentation beginning at 2:35pm Eastern Time and will last approximately 30 minutes. The webcast and archived audio replay of the presentation will be available on the Investor Relations section of the company?s website at www.net1.com.
03-Jun-2016
(Official Notice)
26-May-2016
(Official Notice)
Net1 announced that its wholly-owned subsidiary, Transact24 (?T24?), has obtained Payment Intermediary Services Licences from the Financial Services Commission Mauritius.



These licenses were granted to T24?s Mauritius-based subsidiaries. A Payment Intermediary Services Licence allows a Payment Services Provider such as T24, to participate in the growing e-commerce market by offering online merchants the ability to accept various forms of electronic payments worldwide.



06-May-2016
(C)
Revenue for the quarter decreased to USD134.7 million (USD151.1 million). Operating income also lowered to USD26.2 million (USD32.0 million). Net income attributable to Net1 slumped to USD18.4 million (USD24.4 million). In addition, headline earnings per share took a knock to USD36cps (USD52cps).
25-Apr-2016
(Official Notice)
Net1announced that all the closing conditions for the share subscription transaction with the International Finance Corporation (?IFC?) and three funds managed by IFC Asset Management Company (?AMC?, and together with IFC, the ?IFC Parties?), as announced on April 11, 2016, have been met and approval of same has been received from the IFC Parties. Pursuant to the terms of the subscription agreement, the transaction is expected to close on May 11, 2016.



The IFC Parties have agreed to subscribe for 9.98 million shares of the company?s common stock at a subscription price of $10.79 per share, for total proceeds of $107.7 million. The subscription price represented a 20.6% premium over the closing price of the company?s shares on Nasdaq on April 8, 2016 (the trading day before the agreement was concluded). The IFC Parties will have an 18% interest in the company following the transaction. Net1 will use the proceeds of the investment primarily for the expansion of its business and technological solutions in emerging markets across the globe.



13-Apr-2016
(Official Notice)
Net1 announced it will release third quarter 2016 results after the market close on May 5, 2016. Net1 management will host a conference call to review these results on May 6, 2016, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through May 29, 2016.
12-Apr-2016
(Official Notice)
Net1 announced that it has entered into an agreement with International Finance Corporation and certain funds managed by IFC Asset Management Company (collectively, ?IFC?) pursuant to which IFC has agreed to subscribe for 9.98 million shares of the Company?s common stock at a subscription price of USD10.79 per share, for total proceeds of USD107.7 million. The subscription price represents a 20,6% premium over the closing price of the Company?s shares on Nasdaq on April 8, 2016. IFC will have an 18% interest in the Company following the transaction. Net1 will use the proceeds of the IFC investment primarily for the expansion of its business and technological solution in emerging markets across the globe.



IFC is a member of the World Bank Group and is the largest global development institution focused on the private sector in emerging markets. IFC has been investing in disruptive technologies around the world to help expand access to financial services and as of March 2016 had invested approximately USD180 million in 26 financial technology companies around the world, servicing over 220 million people. This is on top of billions of dollars already invested in its successful, decades-long program in support of traditional banks and microfinance institutions.



Closing of the investment is expected to occur during the month of April. IFC will have the right to nominate an independent director to the Net1 board.
04-Apr-2016
(Official Notice)
Net1 (NasdaqGS: UEPS; JSE: NT1) announced that it has acquired a 60% interest in Masterpayment AG (?Masterpayment?), a specialist payment services processor based in Munich, Germany.



Masterpayment provides payment and acquiring services for all major European debit and credit cards; and invoicing for online retail, digital goods and content. Masterpayment currently has a client portfolio of approximately 5,000 registered merchants.



In collaboration with Bank Frick - Co. AG (?Bank Frick?), a Liechtenstein-based bank, Masterpayment provides its e-commerce merchants with working capital optimization by providing a flexible form of financing, which employs a trading transaction instead of traditional bank credit. Masterpayment?s ?Finetrading? product enables the seamless financing of a merchant?s inventory orders, resulting in accelerated payment settlement and the elimination of the requirement for a merchant to maintain rolling reserves or cash advances.



As part of the transaction, Net1 and Masterpayment have entered into a long term co-operation agreement with Bank Frick, in terms of which Bank Frick will become Net1?s strategic banking partner and will provide the company with the support and banking services required to deploy Net1?s products and services, including VCPay, Finetrading and money remittances in Europe.



The management team of Masterpayment and a Bank Frick-affiliate will retain the remaining 40% interest in Masterpayment. Net1 has negotiated an option to purchase the remaining 40% shareholding upon the achievement of certain milestones.



10-Mar-2016
(Official Notice)
Net1 (NasdaqGS: UEPS; JSE: NT1) today announced that one million EasyPay Everywhere (?EPE?) accounts have been opened since the launch of this product in June 2015. In addition, Net1 has repurchased 1,328,699 shares of its common stock under its recently replenished repurchase authorization.



This one million EPE accounts milestone demonstrates the sustained adoption of its EPE product, as the company last reported 830,000 EPE accounts at the end of January 2016. EPE is a fully transactional account created to serve the needs of South Africa?s un-banked and under-banked citizens, and is available to all consumers regardless of their financial or social status. The EPE account drives financial inclusion by providing a comprehensive suite of financial and value added services such as prepaid products, in a cost-effective, convenient and secure manner. EPE provides account holders with a UEPS-EMV debit MasterCard, mobile and internet banking services, ATM and POS services, as well as micro-finance, insurance, financial products and value-added services. EPE accounts attract no monthly account fees and account holders are only charged pay-per-use fees whenever the account is used to transact.



During February 2016, Net1 acquired 1.3 million shares of its common stock for approximately $12.7 million, and since November 2015, has repurchased approximately 2.1 million shares for $23.9 million.

26-Feb-2016
(Official Notice)
The board of directors of Net has become aware of recent allegations posted on social media questioning the validity of the honorary PhD in Information Technology and Management conferred by Burkes University upon Serge Belamant, Chairman and CEO of Net1.



As a result of the social media allegations, two members of the board, with the cooperation of Serge Belamant, have conducted a review of the circumstances under which the honorary degree was awarded to Belamant, including an examination of the email correspondence between Belamant and Burkes University and an attempt to obtain any available information about Burkes University.



Based on this review, it appears that in early May 2003, Belamant received an email from a person who appeared to be associated with ?Burkes University? stating that he had been ?short-listed by the Honorary Doctorates Committee? for the conferment of an honorary doctorate degree. After receiving this correspondence, Belamant responded by asking for details about the selection criteria and process. Belamant received a response that discussed criteria, which appeared to him to be relevant to the awarding of an honorary degree. Belamant provided the information that he was asked to submit, including proof of his memberships of professional societies, his academic records, patents he filed, his nomination for the South African chapter of the World Entrepreneur of the Year award and his work published in information security textbooks. Belamant recalls making a donation to what he believed was a foundation associated with Burkes University. On May 23, 2003, the honorary degree was awarded to Belamant. Attempts to obtain information about Burkes University revealed that, according to the ?Higher Education Degree Datacheck? website, Burkes University is currently referred to as ?not a valid UK degree awarding body?. Further, there is no current website for Burkes University.



The board believes Belamant followed the honorary degree award process in good faith and that at the time, Belamant did not doubt the integrity of the process or the validity of the degree. However, in light of the review, Belamant and the board have come to the conclusion that it is likely that Belamant was the unfortunate victim of a scam and that the honorary degree was not legitimate.
05-Feb-2016
(C)
Revenue for the interim period ended 31 December 2015 lowered to USD304.8 million (2014: USD310.6 million). Operating income decreased to USD56 million (2014: USD63.9 million), net income attributable to shareholders dropped to USD39.7 million (2014: USD46.5 million), while headline earnings per share weakened to USD84 cents per share (2014: USD99 cents per share).



Comments and Outlook

?We continue to see tangible gains in the execution of our strategic plan, which includes the scaling up of our newer growth initiatives and the globalization of our business activities,? said Dr. Serge Belamant, Chairman and CEO of Net1. ?EasyPay Everywhere, financial services and ZAZOO all delivered in-line or above our expectations, supported by consistent operating contributions from our established and recurring mature businesses, despite the ongoing currency and macroeconomic headwinds. Our pipeline of local and international opportunities for both our card-centric and mobile-centric projects augurs well for the sustained organic growth of our business,? he concluded.



?Our underlying business fundamentals and momentum remain strong,? said Herman Kotze, Chief Financial Officer of Net1. ?We converted a meaningful portion of our South African cash reserves to USD in order to limit the impact of the sudden and volatile depreciation of the ZAR during Q2 2016. This resulted in withholding and other tax-related adjustments, as well as lower tax-effected interest income due to the differential between ZAR and USD deposit rates, of approximately USD0.06 to our basic and diluted EPS. Additionally, the 40% sequential growth in our lending book during Q2 2016, adversely impacted EPS by USD0.02 per share as a result our provisioning policy to provide an allowance on loan origination. We will only recognize the revenue from these new loans from Q3 2016. Finally, EPS was USD0.01 per share lower due to the ongoing incremental costs incurred to expand our branch network,? he added.



?Therefore for fiscal 2016, we now expect fundamental earnings per share of at least USD2.45, which includes a full year impact of USD0.12 per share related to taxes and forgone interest income as a result of the distribution of our South African cash reserves to our U.S. parent. Our fiscal 2016 guidance once again also assumes a constant currency base of ZAR11.43/USD1 and a share count of 46.7 million shares,? he concluded.
25-Jan-2016
(Official Notice)
Net1 (NasdaqGS: UEPS; JSE: NT1) today announced that it has acquired the remaining 56% of Transact24 Limited (?T24?), a specialist Hong Kong- based payment services company. Net1 now owns 100% of T24, having acquired approximately 44% of T24 in May 2015. Philip Meyer, Managing Director of T24 and an industry veteran in the international payments and transaction processing industries, will become an executive officer of Net1.



The purchase consideration was settled using a combination of cash and through the issuance of 391,645 shares of Net1 common stock. The company elected to settle part of the purchase price in shares in order to appropriately align the T24 management team with the company and its global strategy. The issuance of the Net1 shares was not registered under the Securities Act of 1933, in reliance on an exemption from registration therefrom. In addition, 50% of the Net1 shares issued in the transaction are contractually restricted as to resale until after June 30, 2016, and the remaining 50% of the shares are so restricted until after June 30, 2017.



During November and December 2015, the company repurchased 749,123 shares of its common stock for approximately $11.2 million under its share repurchase program. Therefore, these share repurchases will more than offset the number of shares issued in the T24 transaction.



14-Jan-2016
(Official Notice)
Net1 (NasdaqGS: UEPS; JSE: NT1) today announced it will release second quarter 2016 results after the market close on February 4, 2016. Net1 management will host a conference call to review these results on February 5, 2016, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through February 28, 2016.



13-Jan-2016
(Official Notice)
ZAZOO, a business unit of Net 1 ) has partnered with Oxigen Services India Pvt. Ltd. (?Oxigen?) to seamlessly integrate its Mobile Virtual Card (?MVC?) technology to power Visa Prepaid into Oxigen Wallet in association with RBL Bank as sponsor bank and co-branding partner. Since its launch in January 2015, ZAZOO?s patented MVC technology has already enabled mobile payment solutions for the likes of Uber South Africa, Microsoft, Funifi in the UK and BitX. Oxigen is one of India's largest and most established payment solutions providers and is regarded as an industry leader in recharges, money transfers, bill payments, social media and various other payments. The company provides an easy to use, turnkey solution for its customers and is at the forefront of India's drive to migrate to electronic transactions.



The Oxigen Wallet will use ZAZOO?s MVC technology to power the Visa Prepaid card securely and off-line for card-not-present transactions, such as e-commerce or m-commerce purchases. The MVC technology runs as an application on any mobile phone, transforming it into a cashless, secure and convenient electronic payment device that eliminates the risks of theft, phishing, skimming, spoofing and other fraudulent activities. Oxigen Wallet customers will be able to use the application to make any purchases or bill payments at online merchants, or send virtual gift cards to friends and family. To launch MVC with Oxigen, ZAZOO has also partnered with TranServ Private Ltd., with whom ZAZOO has a strong and growing relationship.



Secular trends strongly support robust growth in India's mobile commerce industry. Accordingly to TRACXN!, digital transactions are expected to account for 27% of total transactions by 2020. Smartphone adoption is rapidly increasing, which in turn drives internet usage as more than 60% of India's roughly 350 million internet users access the web from their phone, according to IAMAI. It is estimated that it took over a decade for India's internet user base to grow from 10 million to 100 million, three years to cross 200 million, and last year alone reached 300 million. Similarly, a Goldman Sachs report states that Indians spend approximately USD20 billion annually online which is expected to grow 15-fold to USD300 billion by 2030.
10-Dec-2015
(Official Notice)
WorldRemit, the global money transfer app, is working with ZAZOO, a business unit of Net1 (Nasdaq: UEPS; JSE: NT1) as its payment partner in South Africa. This partnership will make it easier than ever before for South Africans to receive international money transfers directly into their bank accounts, instantly. WorldRemit?s online service lets people send money to friends and family using a smartphone, tablet, or computer, anytime, anywhere. Headquartered in London, WorldRemit is already available for people in 52 countries, sending to more than 125 destinations around the world.



ZAZOO will enable WorldRemit to offer this service in South Africa by using technology developed and customized by its Enterprise Payments business unit, FIHRST. As an authorised systems operator and third party processor, FIHRST?s technology streamlines the relationship between the payer and payee, and ensures data integrity using sophisticated encryption routines with secure dedicated lines to South Africa?s major banks.



South Africans receive inbound remittances of more than USD 1 billion per year. According to the Remittance Prices Worldwide report published by the World Bank, the average global price of remittances is 7.68% of the transaction value, with Sub-Saharan Africa listed as the most expensive region in the world at 9.74%. These numbers reiterate the opportunity that exists in South Africa to attract customers through the introduction of highly efficient financial technology, namely lowering cost and increasing accessibility.



In addition, unbanked recipients have the option of opening an EasyPay Everywhere account - a pay per transaction low cost bank account recently launched by Net1. Furthermore, should a recipient select to receive their funds into their EasyPay Everywhere account - ZAZOO will enable that recipient to make use of its mobile virtual card technology to create a virtual MasterCard to spend digitally for any online purchase in South Africa.
04-Dec-2015
(Official Notice)
Net1 announced that 600 000 EasyPay Everywhere (?EPE?) accounts have been opened since the launch of this product in June 2015. This milestone demonstrates the exponential take-up rate of the EPE product, as the Company reported 350 000 EPE accounts at the end of October 2015.



EPE is a fully transactional account created to serve the needs of South Africa?s unbanked and under-banked population, and is available to all consumers regardless of their financial or social status. The EPE account offers customers a comprehensive suite of financial and various financial inclusion services such as prepaid products, in a cost-effective, convenient and secure solution. EPE provides account holders with a UEPS-EMV debit MasterCard, mobile and internet banking services, ATM and POS services, as well as loans, insurance and other financial products and value-added services. EPE accounts attract no monthly account fees, and account holders only pay basic pay-per-use fees whenever the account is used to transact.
18-Nov-2015
(Official Notice)
VCpayTM, a mobile application by ZAZOO, a business unit of Net1 (Nasdaq: UEPS; JSE: NT1) has won the ?Best Fintech Innovation? category at the Appsafrica Innovation 2015 awards, winning the honours ahead of six other innovative financial services applications. The category was judged by leading technology experts who compared the various payment applications entered into the competition. The awards attracted over 200 entries from 21 countries, across three continents, and the winners were announced at a ceremony in Cape Town on 18 November 2015. The ZAZOO team was excited to receive the award from Chidi Okpala, Director and Head of Airtel Money Africa, who was also a judge for the Fintech innovation category.



VCpay uses ZAZOO?s patented Mobile Virtual Card (?MVC?) technology, enabling mobile devices to generate virtual MasterCard payment cards. Users can activate VCpay by following a simple registration process and linking the application to any number of funding options, such as credit cards, EFT's, direct top-ups, cash and more.



ZAZOO launched VCpay earlier in 2015 and has established several significant partnerships in various territories, extending the security and convenience offered by the mobile card technology to Microsoft, Uber, Funifi and BitX users.



The app, which is available in the iOS, Google Play and Windows Phone app stores, has seen success since its inception with transaction volume increasing over 30% month-on-month, while there has been 64% growth in registered users over the last three months, with an average of five transactions per user on a monthly basis.
12-Nov-2015
(Official Notice)
Net 1 provided an update on the investigation into allegations of corruption by the Serious Economic Offences Unit of the South African Police Service?s Directorate for Priority Crime Investigation (?the Hawks?).



During 2012, shortly after the award of the SASSA tender to the company, certain media reports appeared in the South African press which alleged or implied that the SASSA tender process was tainted by corruption through bribes by or on behalf of the company's subsidiary, CPS.



On February 14, 2013, the company filed an application pursuant to Section 34 of the South African Prevention of Corrupt Activities Act in South Africa with the South African Police Service. Section 34 deals with the reporting of suspected fraud, theft, extortion and forgery.



Matters reported under Section 34 are usually referred for investigation to the Hawks. The company filed the Section 34 application after it conducted its own internal investigation into the allegations contained in the South African press articles. The company found no evidence substantiating any of the press allegations. The company then filed the Section 34 application to prompt the Hawks to conduct a wider investigation into the allegations because it did not have access to the personal financial records of the alleged perpetrators. A separate but similar complaint was lodged by the Democratic Alliance, the official opposition political party in South Africa.



The company has now received a written notice from the Hawks, stating that both cases were investigated and brought before two separate prosecutors for decisions. As both prosecutors declined to prosecute these matters, the Hawks have closed the investigations and regard the matters as finalized.
11-Nov-2015
(Official Notice)
The annual meeting of shareholders of Net1 was held on November 11, 2015.



Proposal No. 1?Election of Directors

All director nominees were elected.



Proposal No. 2?Ratification of Selection of Independent Registered Public Accounting Firm

The ratification of the selection of Deloitte - Touche (South Africa) as the company?s independent registered public accounting firm for the fiscal year ending June 30, 2016, was approved.



Proposal No. 3?A Non-Binding Advisory Vote to Approve Executive Compensation

The compensation of the company?s named executive officers was approved, on an advisory, non-binding basis.



Proposal No. 4?Approval of the Amendment and Restatement of Our Current Plan

The amendment and restatement of the company?s current Amended and Restated Stock Incentive Plan was approved.
06-Nov-2015
(C)
Revenue for the quarter ended 30 September 2015 decreased to USD154.5 million (2014: USD156.4 million), operating income declined to USD31.2 million (2014: USD33.1 million), while net income attributable to shareholders came in at USD23.0 million (2014: USD24.1 million). Furthermore, headline earnings per share was recorded at USD49cps (2014: USD51cps).



Comments and Outlook

?In addition to the solid results that we have once again achieved, the take-up of our strategic initiatives to date, such as EasyPay Everywhere and ZAZOO, continues to validate our business strategy,? said Dr. Serge Belamant, Chairman and CEO of Net1. ?The pipeline for both our card-centric and mobile-centric projects augurs well for the continued organic growth of our business, and the resultant value creation for shareholders,? he concluded.



?We achieved our great Q1 constant currency results despite the resources committed for the roll-out of our EPE, Smart Life and ATM initiatives,? said Herman Kotz?, Chief Financial Officer of Net1. ?For fiscal 2016, we continue to expect fundamental earnings per share of at least USD2.57, assuming a constant currency base of ZAR11.43/USD1 and a share count of 46.7 million shares,? he concluded.



SASSA files progress report on the status of a new tender process with the South African Constitutional Court

As a result of SASSA?s decision not to award the new tender, and in accordance with the Constitutional Court?s order, SASSA filed a report today setting out the relevant information on whether and when it will be ready to assume the duty to pay grants itself. A full copy of the report is available on our website (www.net1.com).
16-Oct-2015
(Official Notice)
Net1 announced it will release first quarter 2016 results after the market close on November 5, 2015. Net1 management will host a conference call to review these results on November 6, 2015, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0- 800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through November 29, 2015.
16-Oct-2015
(Official Notice)
Net1 provided a further update on the current SASSA tender process.



The Company previously reported that SASSA had issued a Request for Proposal (?RFP?) in accordance with the instructions issued by the South African Constitutional Court (?Court?). After careful consideration of all the relevant factors, the Company decided to withdraw from the tender process and did not submit a bid.



SASSA provided the Court with an update regarding the current tender process on 16 October 2015. The Chief Executive Officer (?CEO?) of SASSA has decided not to award the SASSA tender, in accordance with the recommendation received from the Bid Adjudication Committee (?BAC?). The BAC recommended that the tender not be awarded as a result of the non-responsiveness of all the bids received with the mandatory requirements contained in the RFP.



Accordingly, the BAC recommended that the CEO should allow the current contract with the Company to continue until completion of the five-year period for which the contract was initially awarded (March 31, 2017), in accordance with the Court?s judgment of April 2014. The BAC also recommended that the CEO should file a report with the Court within 14 days of the decision not to award the tender, setting out all the relevant information on whether and when SASSA will be ready to assume the duty to pay grants itself. A full copy of SASSA?s Court filing is available on the Company?s website at www.net1.com.



The Company is committed to continue with the provision of a high level service to SASSA and the social grant beneficiaries in accordance with the service level agreement and the Court?s order.
05-Oct-2015
(Official Notice)
Notice is hereby given that the Company?s annual general meeting of shareholders will be held at 16H00, local time, 09H00 Eastern Time, on November 11, 2015, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on NET1UEPS' website at http://phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9MzA2MjMwfENoaWxkSUQ9LTF8VHlwZT0z-t=1-c b=635793208330149317.



NET1UEPS' Board of Directors has fixed the close of business on September 25, 2015 as the record date for determining shareholders entitled to notice of and to vote at the meeting.



The Company?s 2015 Annual Report is also available on its website at http://phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9MzA2MjMxfENoaWxkSUQ9LTF8VHlwZT0z-t=1-c b=635793208983186525.
18-Sep-2015
(Official Notice)
Net1UEPS announced that the United States District Court for the Southern District of New York has dismissed the purported securities class action litigation originally filed on December 24, 2013, against Net1UEPS, its Chief Executive Officer and its Chief Financial Officer.



The Court?s order allows the plaintiff to file a further amended complaint on or before October 16, 2015, failing which the action may be dismissed with prejudice.
25-Aug-2015
(Official Notice)
Net1 announced that it has been ranked on Fortune?s 100 Fastest-Growing Companies list for 2015, the publication?s annual list of public companies with the most stellar three-year profit, revenue, and stock growth.



Fortune's methodology includes companies that have posted an annualised growth in revenue and earnings per share (?EPS?) of at least 15% annually over the three years ended on or before April 30, 2015. Companies that meet these criteria are ranked by revenue growth rate, EPS growth rate and three-year annualised total return for the period ended June 30, 2015. Net1 ranked 60th for EPS growth, 91st for revenue growth, 78th for total return and 99th overall.
21-Aug-2015
(C)
Revenue for the year jumped to USD626 million (USD581.7 million) whilst operating income rose to USD128.5 million (USD101.8 million). Net income attributable to NET1UEPS shareholders increased to USD94.7 million (USD70.1 million). Furthermore, headline earnings per share increased to USD202cps (USD149cps).



Conference Call

Net1UEPS will host a conference call to review Q4 2015 results on August 21, 2015, at 8:00 Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through September 13, 2015.
13-Aug-2015
(Official Notice)
ZAZOO, a business unit of Net1UEPS (Nasdaq: UEPS; JSE: NT1),signed an exclusive deal with BitX, a leading universal Bitcoin platform that will make it possible for Bitcoin users to spend their crypto-currency online or in-app exclusively using VCpayTM, ZAZOO?s patented mobile virtual card (?MVC?) technology.



Bitcoin is a decentralised digital commodity that provides an alternative to transacting with traditional currencies. Bitcoin is like digital cash, and can be transferred from person to person or from a person to a business, instantly, securely and irreversibly, without going via a processing house. Users can buy and sell Bitcoin from Bitcoin platforms like BitX, using traditional currencies, and they can use the crypto-currency to buy a select range of goods and services online and offline.



Users activate VCpayTM by following a simple over-the-air registration process and linking the application to numerous funding options, including credit cards, EFTs, direct top-ups, crypto- currencies and more. VCpayTM provides a secure alternative to conventional plastic cards by using existing international payment structures. MVC technology can thus be used anywhere in the world, without requiring merchants to make any changes to their hardware or software platforms. MVC is also NFC ready and can be used to transact at NFC enabled points of sale.



The deal between VCpayTM and BitX will make it possible for Bitcoin users to integrate the various virtual worlds in which they operate in order for them to gain tangible benefits. For example, an MMO (?Massively Multiplayer Online?) gamer will be able to sell materials within the game in exchange for Bitcoins and will then be able to generate a VCpayTM MVC to pay for his UBER ride. Alternatively, he could speculate in Bitcoins on BitX and convert his balance or gains into a VCpayTM MVC to spend anywhere online.
11-Aug-2015
(Official Notice)
ZAZOO, a business unit of Net1UEPSUEPS has partnered with Funifi, a start-up based in the UK and Cyprus, to enhance their service by adding a secure payment mechanism to the Funifi DO (chore) app using Mobile Virtual Card (?MVC?) technology.



This partnership adds momentum to ZAZOO?s growth, as the unit is already working with the likes of Uber, and Microsoft to introduce a secure alternative to plastic payment cards and to make it easier and safer for people to pay. The Funifi initiative is another key partnership for ZAZOO as part of Net1UEPS?s strategy to deploy MVC globally. Part of Net1UEPS's strategy is also to leverage its ubiquitous MVC technology and apply it to solve the well-known universal payment challenges in areas such as transportation, e-commerce, youth spending, virtual currencies and loyalty.



Funifi Do was the most popular children?s app in major app stores around the world in May and June 2015, and is available for free in the Apple app store with Android and Web versions coming soon. The Funifi rewards system encourages children to work hard and to be rewarded for their efforts, helping them to take responsibility, be accountable for and be involved in family chores. It also introduces them to financial literacy, teaching them about the importance of saving and planning their spending, while having fun learning these vital life lessons.



ZAZOO?s VCPayTM is a mobile app developed around Net1UEPS?s patented MVC technology. It provides a secure alternative to conventional credit cards by using existing international payment structures, which means that MVC technology can be used anywhere in the world, without merchants having to make any changes to their hardware or software. The technology is also Near Field Communication (?NFC?) ready, and is capable of transacting at NFC configured points of sale.



The new payment addition, called Pouch, is also available to access by itself as a stand alone tool. Parents can visit the website www.pouchcard.com to sign up for the family friendly mobile purchasing card.



The Funifi DO iOS app is available to download right now. Parents can introduce their children to Funifi DO and the gamified world of chores by following this link: https://itunes.apple.com/us/app/id898279333?mt
03-Aug-2015
(Official Notice)
On July 30, 2015, Net1 Applied Technologies South Africa (Pty) Ltd. (?Net1SA?), a directly wholly-owned subsidiary of the Company, and certain of Net1SA?s wholly-owned subsidiaries (collectively the ?Borrowers?), signed a Second Addendum to the Facility Letter (as amended) (the ?Second Addendum?) with Nedbank Ltd., a South African bank (?Nedbank?), to reduce the overdraft facility component of the Company?s available aggregate facility with Nedbank from up to ZAR200 million to up to ZAR50 million, effective July 30, 2015. The aggregate amount of the facility will remain up to ZAR400 million; however, the terms of the facility have been modified so that the aggregate amount now consists of (i) a primary amount of up to ZAR200 million, which is immediately available, and (ii) a secondary amount of up to ZAR200 million, which is not immediately available. The overdraft facility is included within the primary amount.



The Second Addendum reduces the overdraft facility component of the available aggregate facility from ZAR250 million to ZAR50 million. There were no changes to the indirect and derivative facilities of up to ZAR150 million, including letters of guarantee, letters of credit and forward exchange contracts. In addition, the aggregate amount of the facility now includes a Secondary Amount of ZAR200 million, which is not immediately available to the Borrowers. Utilization of the Secondary Amount is subject to certain conditions, including (i) written notice from the Borrowers notifying Nedbank of their intention to utilize the Secondary Amount, (ii) providing customary documents and confirmations to Nedbank, (iii) fulfilling additional conditions imposed by Nedbank, (iv) confirming the interest rate and (v) final and unconditional approval by Nedbank evidenced by the execution of an addendum to the Facility Agreement by the Borrowers and Nedbank.



On July 30, 2015, the USD/ZAR exchange rate was USD1.00/ZAR12.54. The foregoing description of the Second Addendum does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Addendum, a copy of which was filed as an exhibit on a Form 8-K with the United States Securities and Exchange Commission on July 31, 2015.
15-Jul-2015
(Official Notice)
Net1UEPS announced it will release fourth quarter and full year 2015 results after the market close on August 20, 2015. Net1UEPS management will host a conference call to review these results on August 21, 2015, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through September 13, 2015.
01-Jul-2015
(Official Notice)
Net1UEPS announced that its subsidiary, The Smart Life Insurance Company Ltd. (?Smart Life?), has received a notice from the South African Financial Services Board (?FSB?), informing Smart Life that, with immediate effect, the FSB has withdrawn the prohibition to conduct new business it issued on February 23, 2013.
11-Jun-2015
(Official Notice)
Net1UEPS announced that it has acquired a 25% interest in One Credit Ltd. (?One Credit?), a leading Nigerian consumer finance company focused on providing credit to unbanked, salaried Nigerian consumers. The Company has also agreed to provide One Credit with a credit facility of up to USD10 million in the form of convertible equity-linked loan notes.



One Credit was established three years ago to meet the needs of the average Nigerian salaried worker who has limited, if any, access to formal credit. The company has experienced tremendous demand for its consumer finance product offering and has become one of the leading consumer lenders in the highly fragmented Nigerian market. The Nigerian consumer finance market has experienced 35% compounded annual growth from 2005-2012 and still remains relatively under-penetrated with over 90% of Nigerians never having applied for a loan. According to a recent McKinsey report, the Nigerian consumer finance market is expected to grow in line with the consumer market and is estimated to reach USD1.4 trillion by 2030 from USD400 billion in 2014.



Net1UEPS believes that it can assist One Credit to grow its market share through the provision of its financial technology products and services, which have been designed to address the biggest challenge facing Nigerian financial institutions ? the ability to provide seamless and cashless services in an environment that poses significant logistical and infrastructural obstacles. In addition, Net1?s solutions will enhance One Credit?s credit risk management and expand the current product offering to these customers. By acquiring a significant minority stake, the Company will be able to actively participate in the formulation and execution of the One Credit business plan, including its delivery platforms.
11-Jun-2015
(Official Notice)
Net1UEPS announced that it will host an investor day for institutional investors and analysts on Monday June 22, 2015 beginning at 12pm British Time/7am Eastern Time. Serge Belamant, Chairman and Chief Executive Officer, Herman Kotze, Chief Financial Officer and Philip Belamant, Managing Director of Zazoo will outline the Company's strategic plans and future financial goals. The Company will sponsor a live webcast simultaneously with the meeting. To access the webcast, please visit the Investor Relations section of Net1's website ir.net1.com. A replay will be available after the conclusion of the live webcast.
08-Jun-2015
(Official Notice)
Net1UEPS announced that it has received a letter from the Foreign Corrupt Practices Act unit of the Division of Enforcement of the U.S. Securities and Exchange Commission (?SEC?), advising the Company as follows:

?We have concluded the investigation as to Net1UEPS Technologies, Inc. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Net1UEPS. We are providing this notice under the guidelines set out in the final paragraph of Securities Act Release No. 5310, which states in part that the notice ?must in no way be construed that the party has been exonerated or that no action may ultimately result from the staff?s investigation? (The full text of Release No. 5310 can be found at: http://www.sec.gov/divisions/enforce/wells-release.pdf)?.



The separate investigation into these matters initiated by Net1UEPS itself with the South African Police?s Commercial Crimes unit is expected to be concluded shortly.



It is the Company?s understanding that the DOJ investigation remains open at this time.
28-May-2015
(Official Notice)
Net 1 UEPS Technologies, Inc. announced that it has acquired a 43.88% interest in Transact24 Ltd. (?T24?), a specialist Hong Kong-based payment services company.



T24?s primary business activities include:

* Chinese debit card acquiring ? T24 has processing relationships with China UnionPay, AliPay and five other Chinese gateways;

* Credit card acquiring ? T24 has acquiring relationships with banks and processing institutions in the UK, Germany, Australia and Mauritius. T24 also offers a white-labeled credit card acquiring gateway to entities who wish to outsource the technical integration and operations of their acquiring gateways;

* Automated clearing house (?ACH?) processing ? T24 provides unsecured loan ACH processing for Tribal and State-licensed lenders in the USA;

* Prepaid card issuing and processing ? T24 issues US Dollar-denominated Visa prepaid cards, South African Rand-denominated MasterCard prepaid cards and Hong Kong Dollar-denominated China UnionPay prepaid cards.
18-May-2015
(Official Notice)
08-May-2015
(C)
Revenue increased to USD151.1 million (USD138.1 million). Operating income came in at USD32 million (USD23.9 million). A net attributable income of USD24.4 million (USD17.2 million) was recorded. In addition, headline earnings per share of USD52cps (USD37cps) was registered.
07-May-2015
(Official Notice)
09-Apr-2015
(Official Notice)
Net1UEPS announced it will release third quarter 2015 results after the market close on May 7, 2015. Net1 management will host a conference call to review these results on May 8, 2015, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0- 800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1 call? upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through May 31, 2015.
02-Apr-2015
(Official Notice)
Net1UEPS announced that Cash Paymaster Services (Pty) Ltd. (?CPS?), a subsidiary of the company, has been named as a respondent in a Notice of Motion filed by Corruption Watch, a South African non-profit civil society organization.



The Notice of Motion seeks an order from the High Court of South Africa for the reviewing and setting aside of the decision by the Chief Executive Officer of the South African Social Security Agency (?SASSA?) on April 25, 2014 to approve payment of ZAR317 million (approximately USD26.4 million at the current exchange rate) to CPS. Corruption Watch claims that there was no lawful basis for the SASSA CEO?s decision, that the decision was ?unreasonable and irrational? and that the decision did not comply with South African legislation.



The company announced on June 6, 2014 that it had received approximately ZAR 275 million, excluding VAT, (or USD25.7 million at prevailing exchange rates) from SASSA, related to the recovery of additional implementation costs incurred during the beneficiary re-registration process in fiscal 2012 and 2013. At the time, SASSA requested Net1UEPS to biometrically register all social grant beneficiaries (including all child beneficiaries), in addition to the grant recipients who were issued with the SASSA-branded UEPS/EMV smart cards. As a result, Net1UEPS performed approximately 11 million additional registrations that did not form part of its monthly service fee and claimed a cost recovery from SASSA, supported by a factual findings certificate from an independent auditing firm. SASSA agreed to pay the ZAR 275 million as full settlement of the additional costs incurred.



SASSA?s decision to re-register all 21 million social grant beneficiaries has enabled it, through the use of Net1UEPS?s biometric search engine and data analysis tools, to identify and remove any duplicate, invalid and non-existent grant recipients from the grant system.



The company is currently taking legal advice regarding the Notice of Motion to determine the appropriate course of action, if required.
20-Mar-2015
(Official Notice)
South African Constitutional Court issues further directions for SASSA tender process



Net1UEPS provides a further update on the SASSA tender process.



Further to the directions provided by the South African Constitutional Court (?Court?) as described in the Company's press releases dated February 6, 11, 18 and 26, 2015, the Court issued the following order:

*SASSA must effect its proposed amendments to the Request for Proposal (?RFP?) by April 2, 2015, to address the remaining five objections raised by Cash Paymaster Services (Pty) Ltd. (?CPS?).

*To the extent that CPS still has any remaining objections to the draft RFP as amended by SASSA in terms above:

*CPS shall notify the parties and the Court by April 16, 2015;

*The Court will issue directions for an urgent hearing to resolve CPS?s notified issues.



Save in the event of any objections made in terms above:

*SASSA shall circulate the RFP to all the parties, the Court and the prospective bidders by April 17, 2015;

*All bids must be submitted by May 17, 2015; and

*SASSA shall award the new tender by October 15, 2015.



Certain parties also requested the Court for an order directing that parties may only approach the Court for further relief if it is necessary to protect the interests of beneficiaries. The Court reserved judgment on this issue.
26-Feb-2015
(Official Notice)
Further to the directions provided by the South African Constitutional Court (?Court?) as described

in the Company's press releases dated February 6, 11 and 18, 2015, the Court issued the following

further directions.



The litigating parties are directed to file short written arguments by March 6, 2015 on the following issues:

*Whether an extension to allow for the further amendment of the amended Request for Proposal (?RFP?) filed on December 20, 2014, arising from any legislative change to the legal framework existing when the remedial order granted by the Court was made, is competent; and

*If not, the parties? final submissions on the validity of the amended RFP.



The matter is set down for a hearing on these issues on March 19, 2015.



The original deadline of February 27, 2015 for the submission of bids is suspended pending determination of the issues above.



Further directions may be issued.
20-Feb-2015
(Official Notice)
Net1UEPS announced that Dhruv Chopra, Head of Investor Relations, will present at the Baird 2015 Business Solutions Conference in New York City on February 24, 2015. Net1UEPS will provide a live webcast on the audio-only presentation beginning at 9:10am Eastern Time and last approximately 30 minutes. The webcast and archived audio replay of the presentation will be available on the Investor Relations section of the Company?s website at www.net1.com.
18-Feb-2015
(Official Notice)
Net1UEPS provided a further update on the SASSA tender process.



Further to the directions provided by the South African Constitutional Court (?Court?) as described in the company's press releases dated February 6 and 11, 2015, SASSA advised the Court on February 13, 2015, that it was not in a position to file an amended draft Request for Proposal (?RFP?) with the Court by February 13, 2015, and asked the Court to grant SASSA the following order:

*SASSA is afforded an extension until May 15, 2015, to file an amended draft RFP pursuant to the further objections raised by Cash Paymaster Services (Pty) Ltd (?CPS?) (a subsidiary of the company).

* SASSA is required to circulate the proposed amended RFP to all the affected parties by May 15, 2015.

* The deadline for the submission of bids is extended to June 15, 2015.

* Any further and other relief that the Court considers just and equitable.



On February 17, 2015, AllPay (a respondent in the current Court proceedings) gave formal notice to the Court that it intends to oppose the application brought by SASSA on February 13, 2015, (described above) and awaits the Court?s directions in this regard.



The Court issued the following directions:

* AllPay and CPS are invited, if they are so inclined, to file affidavits by Friday, February 20, 2015, in response to SASSA?s application for an extension to file an amended draft RFP.

* Further directions may be issued.
17-Feb-2015
(Official Notice)
Zazoo, a business unit of Net1UEPS announced that it has collaborated with Microsoft and Cell C to sponsor a R250 VCpayTM voucher to consumers that purchase the new Microsoft Lumia 535 on a Cell C contract. The new device is available on Cell C?s talk and data contracts from February 1, 2015, and an initial batch will be packaged with the VCpayTM voucher for new owners to use in completing a purchase of their choice when using the VCpayTM service.



VCpayTM is a mobile application developed around Net1?s patented Mobile Virtual Card (?MVC?) technology which enables mobile devices to generate virtual MasterCards completely offline and without access to a mobile phone network. Users activate VCpayTM by following a simple over-the-air registration process and linking the application to any number of funding options: from credit cards, to EFTs, to direct top-ups and more.



The application allows users to generate anonymous, unique virtual payment cards that can be used for online purchases, or in brick-and-mortar retailers that accept manual Card Not Present (?CNP?) payments. Users can also send the virtual card to friends or family far away via channels such as email, SMS, MMS and WhatsApp, making it simpler than ever before to send money to third parties.



VCpayTM is the first of its kind in South Africa as it is truly interoperable and does not require merchants to change the way in which payments are accepted online. It bridges the electronic payment requirement gap, and gives the ability to anyone looking to make online payments an immediate, safe and secure way to do so.
11-Feb-2015
(Official Notice)
Net1provided a further update on the SASSA tender process. Further to the directions provided by the South African Constitutional Court ("Court") as described in the Company's press release dated February 6, 2015, SASSA has advised the Court that it will avail itself of the opportunity provided by the directions, and file an amended draft Request for Proposal with the Court by Friday, February 13, 2015.

06-Feb-2015
(Official Notice)
As reported in the press release dated December 5, 2014, the Company filed further affidavits on January 20, 2015 and written submissions on January 27, 2015 with the South African Constitutional Court (?Court?), setting out the Company?s reasons and arguments for a Court order setting aside the Request For Proposal (?RFP?) and / or directing SASSA to issue a corrected RFP.



The Court issued further directions today by instructing SASSA to indicate to the Court by Tuesday, February 10, 2015 whether it intends to make further amendments to the RFP and, if so, to effect such changes by Friday, February 13, 2015. The Court indicated that further directions may be issued.
06-Feb-2015
(C)
Revenue for the interim period shot up to USD310.6 million (2013: USD260.8 million). Operating income almost doubled to USD63.9 million (2013: USD35.2 million), while net income attributable to Net1UEPS jumped to USD46.5 million (2013: USD24.3 million). Furthermore, headline earnings per share rocketed to USD99cps (2013: USD53cps).
05-Feb-2015
(Official Notice)
ZAZOO is well-positioned to become an exciting global technology company at the forefront of payment solutions, with a range of innovative products



Net1UEPS announced that it has established a new subsidiary in the United Kingdom called Zazoo Ltd. (?ZAZOO?) to oversee the global expansion of Net1UEPS's mobile payments and value-added services businesses, including the activities currently conducted through its Net1 Mobile Solutions (?N1MS?) business unit based in Johannesburg, South Africa. ZAZOO?s management will focus on worldwide growth opportunities, especially in the UK, Europe, the USA, India and other developed and emerging markets. ZAZOO will coordinate all research and development, operations and marketing activities associated with Net1UEPS?s mobile businesses.



Net1UEPS acquired Pbel, an innovative young mobile technology company, in 2012. Net1 then combined Pbel with its FIHRST and Prism businesses in 2013 to create N1MS and unlock the inherent synergies of those businesses.



About Zazoo

ZAZOO is an aggregation of highly successful technology companies and a leading provider of payment solutions and transaction processing services. ZAZOO?s diverse product offering is consolidated into five primary business lines, namely: Mobile Banking, MNO Solutions, Third Party Payments, Cryptography, and Chip. www.zazooltd.com
12-Jan-2015
(Official Notice)
Net1UEPS announced it will release second quarter 2015 results after the market close on February 5, 2015. Net1UEPS management will host a conference call to review these results on February 6, 2015, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0- 800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request ?Net1UEPS call? upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through March 1, 2015.
08-Dec-2014
(Official Notice)
26-Nov-2014
(Official Notice)
Net1 provides update on SASSA tender process



Net1UEPS provided an update on the South African Social Security Agency ("SASSA") tender process.



As ordered by the South African Constitutional Court in its April 2014 ruling, SASSA has initiated a new tender process for a five-year contract for the payment of social grants. SASSA issued a request for proposals on October 22, 2014 ("RFP"). Bidders are required to submit proposals by December 12, 2014, and Net1 intends to participate in the tender process.



Following a detailed analysis of the tender specifications, the Company concluded that the tender specifications were not sufficiently clear regarding a number of critical points and failed to comply with the RFP requirements specified in the Court?s order. The Company wrote a letter to SASSA, requesting that the RFP be withdrawn, corrected and reissued. SASSA declined the Company's request and, in order to avoid further delays and prejudice, the Company applied to the Constitutional Court on November 6, 2014 for an order setting aside the RFP and directing SASSA to issue a corrected RFP.



SASSA and AllPay (an unsuccessful bidder during the previous RFP, and a party to the Court's April 2014 ruling) are opposing our application. Similar to the original litigation that followed the previous tender process, the Company believes the AllPay answering affidavit contains numerous baseless allegations regarding the Company's business practices and disclosures, which the Company denies.



We cannot predict when, or if, the Court will consider our application or what the outcome will be.

19-Nov-2014
(Official Notice)
The annual meeting of shareholders of the company was held on November 19, 2014. All the proposals were passed by a comprehensive majority of shareholder votes.
07-Nov-2014
(Official Notice)
07-Nov-2014
(C)
Revenue for the quarter ended 30 September 2014 increased to USD156.4 million (2013: USD123.5 million), operating income doubled to USD33.1 million (2013: USD16.4 million), while net profit attributable to shareholders USD24.1 million (2013: USD11.6 million). Furthermore, headline earnings per share jumped to USD51cps (2013: USD25cps).



Comments and Outlook

"Our superb results for Q1 2015, once again reflect our continued focus on growing our existing businesses and implementing carefully selected new initiatives," said Dr. Serge Belamant, Chairman and CEO of Net1UEPS. "We achieved these results despite using significant management bandwidth to repel our detractors' attempts to disrupt our business, while at the same time preparing for the new SASSA tender," he concluded.



"We are pleased with the sustained momentum of our quarterly operating results, which underpins our fiscal 2015 targets," said Herman Kotz?, Chief Financial Officer of Net1UEPS. "For fiscal 2015, we now expect fundamental earnings per share of at least USD2.14, assuming a constant currency base of ZAR10.40/USD1 and a share count of 46.5 million shares," he concluded.
14-Oct-2014
(Official Notice)
Net1UEPS announced it will release first quarter 2015 results after the market close on November 6, 2014. Net1 management will host a conference call to review these results on November 7, 2014, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0- 800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through November 30, 2014.
13-Oct-2014
(Official Notice)
Notice is hereby given that the Company?s annual general meeting of shareholders will be held at 16H00, local time, 09H00 Eastern Time, on November 19, 2014, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1?s website at http://phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9MjUzNTI2fENoaWxkSUQ9LTF8VHlwZT0z-t=1. Net1?s Board of Directors has fixed the close of business on October 3, 2014 as the record date for determining shareholders entitled to notice of and to vote at the meeting.

25-Sep-2014
(Official Notice)
Net1UEPS today responded to the press release issued by the South African National Credit Regulator ("NCR") on September 22, 2014. In its release, the NCR announced that it had applied to the National Consumer Tribunal ("Tribunal") to cancel the registration of Net1's subsidiary Moneyline Financial Services (Pty) Ltd ("Moneyline") for breach of the South African National Credit Act ("NCA") based on an investigation concluded by it. The NCR's press release alleges, among other things, that Moneyline contravened the NCA by including child support grants and foster child grants in the affordability assessments performed by Moneyline prior to granting credit to these borrowers, and that the procedures followed and documentation maintained by Moneyline are not in accordance with the NCA.



The Company has now received a copy of the NCR's application to the Tribunal and believes that it is riddled with factual inaccuracies. The Company is perplexed by the NCR's decision to issue a press release containing inflammatory allegations without first informing Net1 of the conclusions reached by the NCR following its investigation, which we believe was concluded months ago and before allowing Moneyline a fair opportunity to formally respond these allegations.



"We strongly deny any contravention of the NCA and will oppose the NCR's application. As a South African and US-listed public company, we adhere to stringent internal controls and compliance procedures and we are subjected to regular internal and external audits all of which are documented and accessible for review by any regulator," said Dr. Serge Belamant, Chairman and CEO of Net1. "We reiterate our commitment to provide affordable, responsible financial inclusion services to all citizens of South Africa, especially those who have no other access to formal financial services and often require short term credit to improve the lives of their family units," he concluded.
22-Sep-2014
(Official Notice)
Net1UEPS announced that on September 19, 2014, the South African Social Security Agency ("SASSA") filed a progress report on the status of a new tender process with the South African Constitutional Court ("Constitutional Court"). SASSA has indicated in the progress report that "It is envisaged that the tender will be published during the week of the 6th - 12th October 2014". A copy of SASSA's filing with the Constitutional Court is available on the company's website at www.net1.com.
11-Sep-2014
(Official Notice)
On September 11, 2014, Net1 issued a media release titled "Net1" reiterates its support for financial inclusion following Minister?s media release which reiterates the facts stated in Net1's media release dated 10 September. Net1 specifically and emphatically denies that its subsidiary, Cash Paymaster Services ("CPS") has made unlawful, illegal and/or unauthorised deductions on the bank accounts of South African Social Security Agency ("SASSA") grant recipients. CPS remains committed to assist the government in eradicating any illegal or unauthorized deductions that are made by third parties on beneficiaries' bank accounts and confirms that none of the financial services provided by the Net1 group contravenes any South African laws or regulations. A copy of the media release was filed as an exhibit on a Form 8-K with the United States Securities and Exchange Commission on September 11, 2014.
10-Sep-2014
(Official Notice)
On September 10, 2014, Net1UEPS issued a media release titled "Net1UEPS reiterates its support for financial inclusion" which responds to certain false and unsubstantiated South African media reports as well as statements made by the Black Sash, alleging that Net1UEPS's subsidiary Cash Paymaster Services (Pty) Ltd. ("CPS") has made unlawful, illegal and/or unauthorized deductions on the bank accounts of South African Social Security Agency ("SASSA") grant recipients. A copy of the media release was filed as an exhibit on a Form 8-K with the United States Securities and Exchange Commission on September 10, 2014.
29-Aug-2014
(C)
Revenue for the year jumped to USD581.7 million (USD452.1 million) whilst operating income rose to USD101.8 million (USD23.2 million). Net income attributable to NET1UEPS shareholders increased to USD70.1 million (USD13.0 million). Furthermore, headline earnings per share soared to USD149cps (USD29cps).



Conference Call

We will host a conference call to review Q4 2014 results on August 29, 2014, at 8:00 Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be web cast on the Net1 homepage, www.net1.com. Please click on the web cast link at least ten minutes prior to the call. A web cast of the call will be available for replay on the Net1 website through September 21, 2014.
30-Jul-2014
(Official Notice)
Net1UEPS announced it will release fourth quarter and full year 2014 results after the market close on August 28, 2014. Net1UEPS management will host a conference call to review these results on August 29, 2014, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1UEPS call" upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.Net1UEPS.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through September 21, 2014.
03-Jul-2014
(Official Notice)
10-Jun-2014
(Official Notice)
Net1UEPS announced that it has purchased approximately 2.4 million shares of the Company's common stock from its BEE partners under its December 2013 Relationship Agreements, as amended ("Relationship Agreements}). These agreements gave the Company the right to require its BEE partners to early settle their loan obligations to the Net1UEPS subsidiary which advanced the loans for the purchase of their Net1UEPS shares, in the event that Net1UEPS's share price ever traded above ZAR120.00 on the JSE Limited (or the South African Rand equivalent on the Nasdaq). Such settlement could occur either through the sale of Net1UEPS shares or the use of other financial resources.



The Company's share price exceeded this level on June 5, 2014 and the Company gave notice for the early repayment of the loans. The BEE partners elected to effect this repayment through the sale of a portion of their Net1UEPS shares and the Company elected to purchase the shares itself to reduce the dilution effect of the original BEE issue. Accordingly, the Company has repurchased approximately 2.4 million shares from its BEE Partners at the contractually determined 30 day volume weighted average price of ZAR109.98 (or USD10.24 at the appropriate exchange rate) per share. The settlement amount has been applied to repay, in full, the BEE loans and related interest obligations under the Relationship Agreements.



Net1UEPS's outstanding share count has accordingly reduced by 4.8% from 50 183 342 to 47 755 220 shares. Net1UEPS's BEE partners may not sell their remaining 1 971 878 shares of Company common stock for a period of five years, except as permitted under the Relationship Agreements.
06-Jun-2014
(Official Notice)
Net1UEPS announced that it has received approximately ZAR275 million (or USD25.7 million at prevailing exchange rates) from the South African Social Security Agency ("SASSA"), related to the recovery of additional implementation costs incurred during the beneficiary re- registration process in fiscal 2012 and 2013. At the time, SASSA requested Net1 to biometrically register all social grant beneficiaries (including all child beneficiaries), in addition to the grant recipients who were issued with the SASSA-branded UEPS/EMV smart cards. As a result, Net1UEPS performed approximately 11 million additional registrations that did not form part of its monthly service fee. After an independent verification process, SASSA agreed to pay the ZAR275 million as full settlement of the additional costs incurred.



The decision to re-register all 21 million social grant beneficiaries has enabled SASSA, through the use of Net1UEPS' biometric search engine and data analysis tools, to identify and remove any duplicate, invalid and non-existent grant recipients from the grant system. The saving to the South African fiscus to date amounts to approximately ZAR3 billion per annum due to the elimination of these grants.
06-Jun-2014
(Official Notice)
Net1UEPS announced that on June 5, 2014, the South African Social Security Agency ("SASSA") filed a progress report on the status of the initiation of a new tender process with the South African Constitutional Court ("Constitutional Court"). SASSA also filed its media statement related to the implementation of this order with the Constitution Court. A copy of SASSA's filing with the Constitutional Court is available on the Company's website at www.net1.com.
09-May-2014
(C)
Revenue increased to USD138.1 million (USD111.1 million). An operating income of USD23.9 million (loss of USD4.7 million) was made. A net attributable income of USD17.2 million (loss of USD4.7 million) was recorded. In addition, a headline earnings per share of USD37cps (loss of USD10cps) was registered.



Outlook

Despite the many distractions faced by the company during the last two years, staff members have maintained focus and, once again, demonstrated an ability to deliver sterling results under adverse circumstances. Net1 believe that the publication of any new SASSA tender may take some time and we are ready to propose an enhanced version of our current UEPS/EMV solution, which would continue to provide SASSA with the business functionality which they described in detail during the legal processes. We are proud that our technology has already saved the public purse in excess of ZAR 3 billion (USD286 million) per annum, with the removal of more than a million invalid grants. In the meantime, the company will continue to optimize cost structures and focus on the marketing of our complementary and supplementary products in order to diversify our business and enhance our profitability. The company expect the momentum from the execution of strategy to continue driving top and bottom line growth.
17-Apr-2014
(Official Notice)
16-Apr-2014
(Official Notice)
Net 1 UEPS announced that all conditions related to its Relationship Agreements with its BEE partners, concluded during December 2013, have been fulfilled and the Company issued 4,400,000 shares to the BEE partners on April 16, 2014. Under the Relationship Agreements, Net1 issued 4,100,000 shares of its common stock to Business Venture Investments 1567 Proprietary Limited (RF) and 300,000 shares to Born Free Investments 272 Proprietary Limited at a price of ZAR 60.00 per share. In order to facilitate the transactions, a wholly owned subsidiary of the Company lent the funds to the BEE partners to effect the purchase of the BEE Shares.
09-Apr-2014
(Official Notice)
Net 1 UEPS Technologies, Inc. announced it will release third quarter 2014 results after the market close on May 8, 2014. Net1 management will host a conference call to review these results on May 9, 2014, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0- 800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request Net1 call upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through June 1, 2014.
19-Mar-2014
(Official Notice)
Net1UEPS announced that on March 14, 2014, it signed a second addendum to each of the Relationship Agreements dated December 10, 2013, in order to extend the date to meet all conditions contained in the Relationship Agreements from March 15, 2014 to April 15, 2014. The foregoing description of the addendum to each of the Relationship Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the addendum to each of the Relationship Agreements, copies of which were filed as exhibits on a Form 8-K with the United States Securities and Exchange Commission on March 18, 2014.
05-Mar-2014
(Official Notice)
Net1UEPS announced that its Net1UEPS Mobile Solutions Business Unit has launched its Mobile Virtual Card ("MVC") technology through Pay in Private in the United States, a new way to pay online that uses the Company's proprietary one-time use MVC Debit MasterCard? generated by a smart phone app. The Pay in Private initiative is in partnership with a U.S.-based marketer with experience in online financial services. The Pay in Private solution offers users unmatched security and accessibility to transact online using their mobile handsets. Net1UEPS continues to enhance its relationship with its U.S.-based partners to offer a comprehensive virtual card issuing, processing and distribution service.



A September 5, 2013, report from the Pew Research Center found that 86% of internet users have taken steps to increase their privacy as a result of ongoing compromises related to their personal and financial information. Pay in Private provides a secure payment solution that is as anonymous as paying with cash. Pay in Private is a free Android and iPhone app that eliminates the need for a plastic card and generates a single use virtual card on demand, without the need for the user's phone to be connected to a mobile network. The MVC solution is prepaid and provides users with the flexibility of using their virtual cards wherever Debit MasterCard? is accepted. Deposits are FDIC insured up to USD250 000.
07-Feb-2014
(C)
Revenue for the interim period jumped to USD260.8 million (USD223.1 million). Operating profit shot up to USD35.2 million (USD14.3 million). Net income attributable to Net1 UEPS multiplied to USD 24.3 million (USD9.4 million). In addition, headline earnings per share more than doubled to USD53cps (USD20cps).



Conference Call

Net1 UEPS will host a conference call to review Q2 2014 results on February 7, 2014, at 8:00 Eastern Time. To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 UEPS call" upon dial-in. The call will also be webcast on the Net1 UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 UEPS website through March 2, 2014.
14-Jan-2014
(Official Notice)
Net1UEPS announced it will release second quarter 2014 results after the market close on 6 February 2014. Net1UEPS management will host a conference call to review these results on 7 February 2014, at 8:00 am Eastern Time.



To participate in the call, dial 1-855-481-5362 (US and Canada), 0808-162-4061 (UK only) or 0-800-200- 648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through March 2, 2014.
20-Dec-2013
(Official Notice)
11-Dec-2013
(Official Notice)
Net 1 UEPS Technologies, Inc. ("Net1") announced that it has signed Relationship Agreements with its BEE partners for the issuance of 4 400 000 shares ("BEE Shares"), which will be partially restricted as to resale for a period of five years. In terms of the agreements, Net1 will issue 4 100 000 shares of our common stock at a price of ZAR 60.00 per share (calculated as 75% of the closing price of our common stock on the JSE Ltd. on December 6, 2013) to Business Venture Investments 1567 (Pty) Ltd. (RF) and 300 000 shares to Born Free Investments 272 (Pty) Ltd. In order to facilitate the transactions, the company's wholly owned subsidiary Net1 Applied Technologies South Africa (Pty) Ltd., will lend the funds to the BEE partners at a market related interest rate to effect the purchase of the BEE Shares and these shares will act as the collateral for the loan. The loan is repayable over a period of five years and the transactions are subject to certain conditions, including obtaining the relevant regulatory approvals.
29-Nov-2013
(Official Notice)
Net 1 UEPS Technologies ("Net1") announced that the South African Constitutional Court ("Constitutional Court") ruled that the tender process followed by the South African Social Security Agency ("SASSA") in awarding a contract to Net1's wholly owned subsidiary Cash Paymaster Services (Pty) Ltd. ("CPS") was constitutionally invalid. However, the Constitutional Court suspended its declaration of invalidity pending determination of a just and equitable remedy. The grant of a just and equitable remedy is reserved pending a further hearing, which has been set for February 11, 2014. The parties have been ordered to submit additional information on affidavit by January 30, 2014. Finally, the Constitutional Court ordered the CEO of SASSA, SASSA and the Company to pay costs, including the cost of three counsel, in the High Court, South African Appeals Court and the Constitutional Court to AllPay Consolidated Investment Holdings Ltd. ("AllPay").



The company cannot predict what the outcome of the February 2014 hearing will be. The contract between SASSA and CPS to distribute social welfare grants to ten million South Africans every month remains in full force and effect until the Constitutional Court determines the appropriate remedy.



The Constitutional Court is the highest court in South Africa and this judgment follows an appeal by AllPay, an unsuccessful bidder, against the unanimous judgment by the South African Appeals Court on March 27, 2013, that the tender process was valid and legal. The full Constitutional Court judgment is available on the company's website at www.net1.com.



The company may issue further comment on the ruling once it has had sufficient time to study the full judgment.
20-Nov-2013
(Official Notice)
The annual meeting of shareholders of Net1 was held on November 19, 2013.



Proposal No. - Election of Directors

All director nominees were elected.



Proposal No. 2 - Ratification of Selection of Independent Registered Public Accounting Firm

The ratification of the selection of Deloitte - Touche (South Africa) as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2014, was approved.



Proposal No. 3 - A Non-Binding Advisory Vote Regarding Executive Compensation

The compensation of the Company's named executive officers was approved, on an advisory basis.
08-Nov-2013
(C)
Revenue for the quarter ended September 2013 increased to USD123.5 million (September 2012: USD111.7 million). Operating income grew to USD16.4 million (September 2012: USD9.3 million), while net income attributable to shareholders rose to USD11.6 million (September 2012: USD6.7 million). Furthermore, headline earnings per share increased to USD25cps (September 2012: USD15cps).



Outlook

The first quarter 2014 results are positive and the group are making tangible progress on executing business strategy now that our SASSA implementation is complete. Net1 Mobile Solutions has demonstrated significant traction with the roll out of its mobile-based prepaid airtime product, "Umoya Manje" and our financial services business unit has now commenced its UEPS-based lending activities nationally. The group are also reviewing some of our underperforming businesses and contracts, and have begun to take steps to rationalize the same in order to focus on our key growth areas.



Regarding the new BEE transaction there has been agreement on new terms with our empowerment partners following the expiration of the previous option transaction. As before, we remain convinced that it is imperative for us to conclude a meaningful empowerment transaction to express our commitment to the principles and objectives of BEE and compliance with the established codes of good practice and transformation charters, while balancing the interests of our global shareholders in order to create a platform for a successful and sustainable South African business. The group believe that we will achieve this goal with the terms we have agreed for this new BEE transaction, including the provision of financial assistance to our BEE partners to ensure the implementation of the transaction.



Letter of intent for new BEE Transaction

On November 6, 2013, signed a letter of intent to issue 4.4 million shares at ZAR 88.50 as part of a BEE transaction.
01-Nov-2013
(Official Notice)
18-Oct-2013
(Official Notice)
Notice was given that the company's annual general meeting of shareholders will be held at 16H00, local time, on 19 November 2013, at President Place, 6th Floor, Cnr Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1UEPS's website at http://phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9MjA2MjI5fENoaWxkSUQ9LTF8VHlwZT0z-t=1. Net1UEPS's Board of Directors has fixed the close of business on 4 October 2013 as the record date for determining shareholders entitled to notice of and to vote at the meeting.
11-Oct-2013
(Official Notice)
Net1UEPSannounced it will release first quarter 2014 results after the market close on 7 November 2013. Net1UEPS management will host a conference call to review these results on 8 November 2013, at 8:00am Eastern Time. To participate in the call, dial 1-866-652-5200 (US only), 1-855-669-9657 (Canada only), 0808-162-4061 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through November 29, 2013.
23-Aug-2013
(C)
Revenue for the year jumped to USD452.1 million (USD390.3 million) whilst operating income tumbled to USD23.2 million (USD61.2 million). Net income attribytable to NET1UEPS shareholders decreased to USD13.0 million (USD44.7 million). Furthermore, headline earnings per share dropped to USD28cps (USD90cps).



Conference Call

NET1UEPS will host a conference call to review Q4 2013 results on August 23, 2013, at 8:00 Eastern Time. To participate in the call, dial 1-866-652-5200 (US only), 1-855-669-9657 (Canada only), 0808-162-4061 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the NET1UEPShomepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the NET1UEPS website through September 22, 2013.
10-Jul-2013
(Official Notice)
Net1UEPS announced it will release fourth quarter and full year 2013 results after the market close on 22 August 2013. Net1 management will host a conference call to review these results on August 23, 2013, at 8:00 am Eastern Time. To participate in the call, dial 1-866-652-5200 (U.S. only), 1-855-669-9657 (Canada only), 0808-162-4061 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through September 22, 2013.
05-Jul-2013
(Official Notice)
Net1UEPS (the "company") announced the appointment of Dhruv Chopra as Managing Director and Country Head India effective July 15, 2013. Mr. Chopra will relocate to Mumbai and will be responsible for growing Net1UEPS's presence in the region. Mr. Chopra will also continue to oversee Net1UEPS's investor relations activities from Mumbai for the foreseeable future, will visit the company's shareholders on a regular basis and continue to be responsive to investor requests. Mr. Chopra continues to be reachable via email on dchopra@net1.com and his new phone number and address will be posted to Net1UEPS's investor relations homepage as soon as practicable.
10-May-2013
(C)
Revenue increased to USD111.1 milion (USD90.7 million). An operating loss of USD4.7 million (profit of SD12.5 million) was made. A net attributable loss of USD4.7 million (profit of USD7.8 million) was recorded. In addition, a headline loss per share of USD10cps (earnings of USD17cps) was registered.



Outlook

By 30 April 2013, Net1UEPS had registered over 20 million beneficiaries and issued more than 9.1 million cards. In the fourth quarter of fiscal 2013, Net1UEPS expects fundamental earnings per share of at least USD0.20, which includes approximately USD7 - USD9 million of further implementation and smart card costs, and also assumes a constant currency base of ZAR7.72/USD1.00 and a share count of approximately 45 million shares.
22-Apr-2013
(Official Notice)
Net 1 UEPS Technologies, Inc.today,22 April 2013 announced that AllPay Consolidated Investment Holdings (Pty) Ltd has filed leave to appeal with the South African Constitutional Court against the judgment handed down by the South African Supreme Court of Appeal on March 27, 2013. The Company cannot predict what the outcome of the application process will be.
19-Apr-2013
(Official Notice)
Net1UEPS announced that the one-year option to purchase 8 955 000 shares with an exercise price of USD8.96 per share granted to Business Venture Investments 1567 ("BVI"), a special purpose vehicle that represents a consortium of black South Africans, community groups and the Net1 Foundation (the "BBBEE consortium"), has expired unexercised. The Company and the BBBEE consortium are evaluating various alternatives to ensure the Company's empowerment objectives will be met. Mr. Mosehla, who represented the BBBEE consortium, has expressed his continued commitment to the Company and will remain a director on the Net1 Board.
12-Apr-2013
(Official Notice)
Net1UEPS ("Net1") announced it will release third quarter 2013 results after the market close on 9 May 2013. Net1UEPS management will host a conference call to review these results on 10 May 2013, at 8:00 am Eastern Time. To participate in the call, dial 1-866-652-5200 (U.S. only), 1-855-669-9657 (Canada only), 0808-162-4061 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through June 2, 2013.
27-Mar-2013
(Official Notice)
Net1UEPS announced that a full bench of the South African Supreme Court of Appeal ("Appeal Court") unanimously ruled that the tender process followed by the South African Social Security Agency ("SASSA") in awarding a contract to Net1UEPS' wholly owned subsidiary Cash Paymaster Services (Pty) Ltd. ("CPS") was valid and legal. Accordingly, the contract between SASSA and CPS to distribute social welfare grants to ten million South Africans every month for a period of five years, remains in full force and effect. The full Appeal Court judgment is available on our website at www.net1.com. The Company may issue further comment on the judgment when it has had sufficient time to study the full document.
08-Feb-2013
(C)
Revenue increased to USD223.1 million (USD192 million). Operating income declined to USD14.3 million (USD51.1 million). Net attributable profit fell by more than a quarter to USD9.4 million (USD44.9 million). In addition, headline earnings per share slumped to USD20cps (USD91cps).



Outlook

Net1UEPS enrolled 12 million citizens by the end of January as part of the SASSA implementation and remain on track to complete bulk enrolment by the end of March 2013. The business continues to cooperate with the DOJ and SEC on their investigations, but as a result of these investigations, Net1UEPS is experiencing some adverse impact from the damage caused to our reputation, including the company's ability to execute certain aspects of Net1UEPS' strategic plan. The Supreme Court will hear the appeal of the August 2012 High Court judgment on February 15. Net1UEPS believes it has a strong case and looks forward to presenting arguments to the Supreme Court.



The successful implementation for SASSA is a one-off event and integral for the smooth transition and operation of South Africa's social welfare program. Given the critical importance of this roll out, and the higher number of beneficiaries required to be enrolled in the same time frame, the implementation costs are materially but proportionally higher than anticipated. As a result, in fiscal 2013, Net1UEPS expects fundamental earnings per share to be at least USD0.95 assuming a constant currency base of R7.72/USD1.00 and using our fiscal 2012 share count of 45 million shares.
14-Jan-2013
(Official Notice)
Net1UEPS announced that it will release second quarter 2013 results after the market close on 7 February 2013. Net1UEPS management will host a conference call to review these results on 8 February 2013, at 8:00am Eastern Time. To participate in the call, dial 1-800-860-2442 (US only), 1-866-605-3852 (Canada only), 0-800-917-7042 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through 1 March 2013.
12-Dec-2012
(Official Notice)
On December 11, 2012, Net 1 UEPS ("Net 1 UEPS") commenced a lawsuit in the South Gauteng High Court in South Africa against AllPay Consolidated Investment Holdings (Pty) Ltd. ("AllPay"). In its lawsuit, Net 1 UEPS has alleged that AllPay, wrongfully and unlawfully and with the intention of injuring Net 1 UEPS' reputation, infringing Net 1 UEPS' and its subsidiaries' goodwill and reducing Net 1 UEPS' share price, competed unlawfully with Net 1 UEPS, by

* directly or indirectly making false reports and providing false information to members of the South African media which AllPay orchestrated thereby creating the basis for false media reports which alleged or implied that the SASSA tender process was tainted by corruption through bribes by or on behalf of Net 1 UEPS' subsidiary, Cash Paymaster Services ("CPS");

* introducing the media reports and allegations of corruption by or on behalf of Net 1 UEPS in connection with the SASSA tender process into the court proceedings in South Africa instituted by AllPay which sought to set aside the award of the tender to CPS;

* causing an unfounded report to be made to the Johannesburg Stock Exchange ("JSE") regarding disclosure that Net 1 UEPS made in relation to the SASSA contract;

* making a report to the U.S. Department of Justice ("DOJ") bringing to the attention of the DOJ the corruption allegations and the South African media reports and repeating the allegations made in the report to the JSE; and

* falsely seeking to create the impression in media reports and radio interviews that it had been found in the South African court proceedings described above that the tender process was tainted by corruption.



In the lawsuit, Net 1 UEPS is seeking damages in the aggregate amount of R478 million plus interest and costs.
05-Dec-2012
(Official Notice)
04-Dec-2012
(Official Notice)
On November 30, 2012, Net1 received a letter from the U.S. Department of Justice, Criminal Division (the "DOJ") informing it that the DOJ and the Federal Bureau of Investigation have begun an investigation into whether Net 1 UEPS and its subsidiaries, including its officers, directors, employees, and agents (collectively, "Net 1") and other persons and entities possibly affiliated with Net1 violated provisions of the Foreign Corrupt Practices Act and other U.S. federal criminal laws by engaging in a scheme to make corrupt payments to officials of the Government of South Africa in connection with securing a contract with the South African Social Security Agency to provide social welfare and benefits payments and also engaged in violations of the federal securities laws in connection with statements made by Net1 in its SEC filings regarding this contract. On the same date, Net1 received a letter from the Division of Enforcement of the Securities and Exchange Commission (the "SEC") advising it that it is also conducting an investigation concerning the Company. The SEC letter states that the investigation is a non-public, fact-finding inquiry.



Net1 intends to cooperate fully with the DOJ and the SEC regarding these investigations. Net1 is unable to predict what action, if any, might be taken in the future by either the DOJ or the SEC as a result of the matters that are the subject of these investigations or what impact, if any, this announcement and the existence of these investigations may have on Net1?s relations with SASSA, the Net1 BEE option transaction, the Company?s financial position, results of operations and cash flows, its intended business strategies or Net1's share price.
09-Nov-2012
(C)
Revenue for the quarter ended September 2012 increased to USD111.7 million (September 2011: USD99.9 million). Operating income decreased to USD9.3 million (September 2011: USD30.8 million), while net income attributable to shareholders fell to USD6.7 million (September 2011: USD19.8 million). Furthermore, headline earnings per share dropped to USD15cps (September 2011: USD35cps).



Conference Call

Net1 will host a conference call to review Q1 2013 results on November 9, 2012, at 8:00 Eastern Time. To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request Net1 call upon dial-in. The call will also be webcast on our homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on our website through November 30, 2012.















01-Nov-2012
(Official Notice)
The annual meeting of shareholders of Net1 was held on 31 October 2012. All director nominees were elected The ratification of the selection of Deloitte - Touche (South Africa) as the company's independent registered public accounting firm for the fiscal year ending 30 June 2013, was approved.
12-Oct-2012
(Official Notice)
Net 1 UEPS Technologies, Inc. today, 12 October 2012 announced it will release first quarter 2013 results after the market close on November 8, 2012. Net1 management will host a conference call to review these results on November 9, 2012, at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request Net1 call upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through November 30, 2012.
04-Oct-2012
(Official Notice)
Notice is hereby given that the company's annual general meeting of shareholders will be held at 16H00, local time, on 31 October 2012, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1's website.



13-Sep-2012
(Official Notice)
Net 1 UEPS Technologies, Inc. announced that the North Gauteng High Court has granted leave to appeal the judgment handed down on August 28, 2012, in which the court ruled that the tender process followed by SASSA was illegal and invalid, but that the award of the tender to CPS would not be set aside and therefore remained valid. The court today granted CPS and SASSA leave to appeal the ruling that the tender process was illegal and invalid and granted AllPay, an unsuccessful bidder and the applicant in this matter, leave to appeal the ruling that the contract between SASSA and CPS should not be set aside.



The matter will now be heard before the South African Supreme Court of Appeal, as soon as it has scheduled a date for the proceedings. The appeal process could take several months to be finalized and the company cannot predict when the proceeding will be resolved or its ultimate outcome. The appeal process does not interrupt Net1?s right to continue with the execution of the contract with SASSA and the Company remains committed to deliver a high quality service to SASSA and its grant recipients.
28-Aug-2012
(Official Notice)
Net1UEPS announced that the North Gauteng High Court has ruled that the contract between Cash Paymaster Services (Pty) Ltd. and SASSA for the payment of social welfare grants on a national basis for a five year period remains valid and will not be set aside.
27-Aug-2012
(Media Comment)
According to Business Report, Net1UEPS will pilot money-lending services from September. Through its subsidiary EasyPay, it will also pursue prepaid electricity, money transfers and other bill payments more competitively as said by Net1UEPS's chief executive and chairman, Serge Belamant. He added that the company proposes to target the database of close to 10 million social grant beneficiaries as an added market for its services. The pilot will run for three to six months and the Net1UEPS wishes to tender one- to six- month loans. During the course of the coming 18 months, the company will also set up other products.
24-Aug-2012
(C)
Revenue rose to USD390.3 million (USD343.4 million). Operating income surged to USD61.2 million (USD37.4 million). Net attributable profit soared to USD44.7 million (USD2.6 million). In addition, headline earnings grew to USD90cps (USD75cps).



Outlook

All business units, specifically those that can have meaningful impact, including CPS, KSNET, VCC, MediKredit and NUETS have a robust pipeline of new and existing opportunities, which in turn should begin to deliver improving financial contributions in the short-to-medium term. Net1UEPS' technology is well placed to advance the business in many markets such as welfare systems, mobile-based payments, claims adjudication, financial inclusion and UEPS/EMV card issuing. Net1UEPS believes it has all the tools required to create long-term value for shareholders.



Management expects quarterly performance in fiscal 2013 to improve sequentially as we progress through the year, although quarterly results may still be lumpy given the timing and quantum of investments and start up costs to be incurred to ensure the implementation of the SASSA contract. For fiscal year 2013, Net1UEPS expects fundamental earnings per share to be at least USD1.49, assuming the constant currency base of R7.72/USD1.00 and using fiscal 2012 share count of 45 million shares. As always, fundamental earnings exclude amortization of intangibles, stock-based charges and unusual non-recurring items.



Net1UEPS successfully initiated the national grant payment process for approximately 9.2 million beneficiaries on April 2, 2012 having commenced implementation during Q3 2012. The implementation will be conducted in two phases. The first phase involved issuing approximately 2.5 million MasterCard-branded debit cards to beneficiaries that the business did not serve under the previous contract, in order to establish the payment process to pay all social grants in the country. The second phase commenced in early July 2012 and requires the re-registration of all 9.2 million grant recipients. Net1UEPS continues to anticipate cumulative capital expenditures of USD45 - USD50 million tied to the implementation for our new national contract.
10-Jul-2012
(Official Notice)
Net 1UEPS announced it will release fourth quarter and full year 2012 results after the market close on 23 August 2012. Net1UEPS management will host a conference call to review these results on 24 August 2012, at 8:00 am Eastern Time.



To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request Net1UEPS call upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through to 14 September 2012.
11-May-2012
(C)
Revenue declined to USD90.7 million (USD92.8 million). Operating income came in at USD12.5 million (loss of USD22.1 million). There was a turnaround in net attributable profit to USD7.8 million (loss of US21.6 million). However, headline earnings per share fell to USD17cps (USD22cps).



Outlook

The quarterly performance for the next two to three quarters will be difficult to predict given the timing and quantum of investments and start up costs to be incurred to ensure the implementation of the SASSA contract. However, for fiscal year 2012, Net1UEPS expects fundamental earnings per share to be at least USD1.40, assuming the constant currency base of R7.00/USD1.00 and using the third quarter-ended share count of 45 million shares. As always, fundamental earnings exclude amortization of intangibles, stock-based charges and other one-time items
20-Apr-2012
(Official Notice)
Net1UEPS announced that all the conditions precedent related to the broad based black economic empowerment transaction, announced on January 26, 2012, have been fulfilled. Pursuant to the transaction, Net1UEPS has granted a one-year option to purchase up to 8 955 000 shares of the company's common stock, equal to 19.7% of the company's current issued and outstanding shares, with an exercise price of USD8.96 per share to Business Venture Investments 1567 (Pty) Ltd., a special purpose vehicle that represents a consortium of black South Africans, community groups and the Net1 Foundation (the "BBBEE consortium").



The lead partner in the BBBEE consortium is Mosomo Investment Holdings (Pty) Ltd ("Mosomo"), a well-known black empowerment investment company with a proven track record in transformation, with experience in mining, financial services and mass banking concepts. Mr Mosehla joined the Net1 board on 25 January 2012 as part of the BEE transaction.
18-Apr-2012
(Official Notice)
Net 1 announced it will release third quarter 2012 results after the market close on May 10, 2012. Net1 management will host a conference call to review these results on May 11, 2012, at 8:00 a.m. Eastern Time. To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through June 4, 2012.

13-Mar-2012
(Official Notice)
10-Feb-2012
(C)
Revenue increased to USD192 million (USD153.3 million). Operating income jumped to USD51.1 million (USD33 million). Net attributable profit more than doubled to USD44.9 million (USD17.4 million). In addition, headline earnings surged to USD91cps (USD38c).



Outlook

The focus over the next several months will be to execute on the expectations laid upon the company by providing a comprehensive, seamless and superior service to this important constituency. The next twelve months will require substantial investment in capital equipment and establishment costs as we implement the new SASSA contract. The substantial increase in the beneficiaries, although at a lower price, should increase monthly pension and welfare revenue by approximately 45% in rand terms and once fully phased in, at the very least maintain operating income generated from the current contract. Management currently expects to be fully phased-in by the second quarter of fiscal 2013. Net1UEPS anticipates capital expenditure of USD45-USD50 million during the next twelve months. The next three quarters are difficult to predict at this time, given the timing and magnitude of investments required in any given quarter, however management anticipates still being profitable on a fundamental earnings basis for the second half of fiscal 2012
07-Feb-2012
(Official Notice)
Net1UEPS announced that its wholly owned subsidiary, Cash Paymaster Services ("CPS") has signed a contract and service level agreement with the South African Social Security Agency ("SASSA") in terms of the award of the national payment tender as announced on January 17, 2012.



Under these agreements, CPS will effect payment, on behalf of SASSA, of social grants to all persons who are entitled to receive such grants in all of South Africa's provinces. CPS' primary services include the enrolment of all eligible recipients, issuance of a smart card to each recipient and the biometric validation and payment of social grants to such recipients. The term of the agreements commences on April 1, 2012 and terminates on March 31, 2017.
30-Nov-2011
(Official Notice)
The annual meeting of shareholders of Net1 was held on 29 November 2011.

*Proposal No.1- Election of Directors :All director nominees were elected.

*Proposal No.2- Ratification of Selection of Independent Registered Public Accounting Firm: The ratification of the selection of Deloitte - Touche (South Africa) as the company's independent registered public accounting firm for the fiscal year ending June 30, 2012, was approved

*Proposal No.3- A Non-Binding Advisory Vote Regarding Executive Compensation: The compensation of the company's named executive officers was approved, on an advisory basis

*Proposal No.4- A Non-Binding Advisory Vote Regarding Whether an Advisory Vote on Executive Compensation: Will Occur Every One, Two or Three Years. The company will hold future advisory votes on executive compensation every year.
31-Oct-2011
(Official Notice)
Notice is hereby given that the company's annual general meeting of shareholders will be held at 16H00, local time, on 29 November 2011, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1's website.
31-Oct-2011
(Media Comment)
Business Day reported that, depending on whether its contract with the South African Social Security Agency remains in effect, electronic payment and social grant distributor Net1 UEPS expects annual earnings per share to come in at USD1.6, the company said on Friday. The South African and US listed company distributes welfare grants to millions of South Africans through the agency. The agency's tender evaluation process is still continuing. "We look forward to the outcome,"Net1 CEO Serge Belamant said on Friday. The company's contract with the agency was renewed in June and expires next March. The agency pays almost R100 billion a year to about 15 million South Africans.
28-Oct-2011
(C)
Revenue for the quarter ended September 2011 increased to USD99.9 million (September 2010: USD64.3 million). Operating income more than doubled to USD30.8 million (September 2010: USD11 million), while net income attributable to shareholders jumped to USD19.8 million (September 2010: USD7.4 million). Furthermore, headline earnings per share grew to USD35cps (September 2010: USD16cps).



Conference call

The company will host a conference call to review 1Q 2012 results on October 28, 2011, at 8:00 Eastern Time. To participate in the call, dial 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on our homepage, www.net1.com. A webcast of the call will be available for replay on the website through November 18, 2011.

06-Oct-2011
(Official Notice)
Net1UEPS announced it will release first quarter 2012 results after the market close on October 27, 2011. Net1UEPS management will host a conference call to review these results on October 28, 2011, at 8:00 a.m. Eastern Time. To participate in the call 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through November 18, 2011.
26-Aug-2011
(C)
Revenue was USD343.4 million (USD280.4 million), a year over year increase of 22%. However, operating income declined to USD37.4 million (USD69.8 million). Net attributable profit slumped to USD2.6 million (USD39 million). In addition, headline earnings more than halved to USD75cps (USD165cps).



Outlook

Net1UEPS remains committed to SASSA and look forward to the outcome of the current tender process. In the mean time, the company will focus on driving incremental long-term growth by building on existing capabilities at KSNET and EasyPay and scaling up newer initiatives and technologies.



During fiscal 2012, the company anticipates growth at KSNET and EasyPay and some of other smaller units. However, Net1UEPS expects the pension and welfare business to remain flat and earnings growth to be weighed down by meaningful investments in MVC, XeoHealth and EP Kiosk. As a result of these factors and assuming the existing contract with SASSA remains in effect for the full year on the existing terms and conditions, Net1UEPS would expect to generate fundamental EPS of at least USD1.55 per share on a constant currency basis in fiscal 2012.
16-Aug-2011
(Official Notice)
Net1UEPS announced a six month extension of its contract for the payment of social welfare grants with the South African Social Security Agency ("SASSA"), on the same terms and conditions as the existing agreement, which is scheduled to expire on 30 September 2011. SASSA has advised that the procurement process for the social grants payment tender is still underway and has requested the extension of Net1UEPS' current contract to ensure continuity in service delivery.
15-Aug-2011
(Official Notice)
Net 1 UEPS Technologies, Inc. announced that its wholly-owned subsidiary, Net1 Universal Technologies (Austria) AG ("NUTA"), has signed a contract with Banamex, a leading bank in Mexico and part of Citigroup, for the delivery of VCpayTrade Mark, Net1's cell-phone based Mobile Virtual Card application designed for Card-Not-Present ("CNP") transactions. Banamex will offer VCpayTrade Mark to its customers as an application that can be downloaded to a mobile phone and linked to the customer's credit and/or debit card accounts. VCpayTrade Mark allows consumers to securely generate an offline, one-time use Mobile Virtual Card ("MVC") number for a specific limit or purchase amount on their mobile handsets to buy goods and services or perform bill payments in any CNP environment. MVCs are used in the same manner as traditional plastic credit or debit cards, except that as soon as the transaction is authorized by the issuer, the generated card number immediately expires. MVCs provide an advanced form of security, as they cannot be skimmed, phished, tapped, cloned, replayed or modified.
03-Aug-2011
(Official Notice)
Net1UEPS announced it will release fourth quarter and full year 2011 results after the market close on 25 August 2011. Net1UEPS management will host a conference call to review these results on 26 August 2011 at 8:00 am eastern time. To participate in the call, dial 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1UEPS homepage, www.net1.com. Click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1UEPS website through September 16, 2011.
14-Jun-2011
(Official Notice)
Net1UEPS announced that the South African Social Security Agency ("SASSA") advised bidders that the bid submission deadline for its Payments Services for Social Grants tender has been revised to June 27th, 2011. Net1UEPS will continue to abide by the bid submission guidelines provided by SASSA, while concurrently continuing to provide SASSA with its high quality service.
13-Jun-2011
(Official Notice)
Net1UEPS announced that the South African Constitutional Court ("Constitutional Court") has dismissed Net1's leave to appeal the Supreme Court of Appeal's judgement related to the South African Social Security Agency's ("SASSA") right to contract with the South African Post Office ("SAPO"), citing that it is not in the interest of justice for the Constitution Court to hear this matter. SASSA is therefore no longer restricted from contracting with SAPO for the distribution of social grants as per the terms of the agreement signed between the two organizations in 2009. However, SASSA has since commenced a competitive tender process for the distribution of social grants in South Africa, and Net1 believes the outcome of this tender will ultimately decide which contractor or contractors will be responsible for the distribution of social grants.
13-May-2011
(Media Comment)
The Financial Mail reported that US investors in Net1UEPS are restless. The investors would like to know whether the electronic payment company will win tenders to pay out local government grants and why the company's share price has slumped. The group's locally listed shares have fallen from R128.00 to R55.00 over the past twelve months. The issue seems to be the uncertainty surrounding Net1UEPS' contracts to distribute social grant payments. These contracts account for up to 60% of its business and the South African Social Security Agency ("Sassa") is not happy with the company's role and has tried to replace it as a distributor. Net1UEPS remains a distributor, but Sassa has put the grant distribution contracts out to tender and the group will have to fight to retain the five contracts it already has.
06-May-2011
(C)
Revenue grew to USD92.8 million (USD72.3 million). A net operating loss of USD22.1 million (profit of USD26.9 million) was made and a net attributable loss of USD21.6 million (profit of USD18.8 million) was recorded. In addition, headline earnings on a per share basis dropped to USD22c (USD41cps).



Outlook

Management has taken actions to return Net1 UTA to at least break even in the near term and remain cautiously optimistic about its prospects given its pipeline of opportunities. In April 2011, SASSA issued its new long-term tender for the distribution of social grants in South Africa. The current contract with SASSA currently continues through September 30, 2011, and as previously discussed, SASSA expects to conclude its evaluation process prior to that time. Management remains comfortable with the fundamental EPS guidance of at least USD1.50 on a constant currency basis for fiscal 2011. The company continues to expect KSNET to be accretive to fundamental EPS for fiscal 2011, but it is too soon to provide guidance on such level of accretion.
21-Apr-2011
(Official Notice)
Net 1 UEPS Technologies Inc announced that the South African Social Security Agency ("SASSA") has publicly issued an Invitation to bid inviting service providers to submit proposals for the provision and payment services for social grants in any one or more of the nine provinces of South Africa by the 27th May 2011. Net1 currently performs such payment service in five of South Africa's provinces and will participate in the bid process.



There can be no assurance that the invitation to bid process will be completed as per the announced timetable, or that Net1 will be the successful bidder for any or all of the provinces to be ultimately awarded by SASSA. Pursuant to the invitation to bid, no information pertaining to the Invitation to bid should be disclosed to any third parties without the prior consent of SASSA and therefore, Net1 expects that it will not be in a position to provide further information about the Invitation to Bid or the bid process unless and until SASSA makes a further announcement.
15-Apr-2011
(Official Notice)
Net1UEPS announced it will release third quarter 2011 results after the market close on 5 May 2011. Net1UEPS management will host a conference call to review these results on 6 May 2011 at 8:00 am Eastern Time. To participate in the call, dial 1-800-860-2442 (US only), 1-866-605-3852 (Canada only), 0-800-917-7042 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through 27 May 2011.
25-Mar-2011
(Official Notice)
Net1 UEPS announced that its wholly owned subsidiary, Cash Paymaster Services (Pty) Ltd ("CPS"), intends to apply for leave to appeal the South African Supreme Court of Appeal's recent judgment on March 11, 2011, which overturned a lower court judgment delivered on December 10, 2009, prohibiting the South African Social Security Agency ("SASSA") from contracting the South African Post Office ("SAPO") to render banking or payment services relating to social grant beneficiaries. The lower court, the North Gauteng High Court, had ruled in a suit commenced against SASSA by CPS that SASSA had not followed a proper procurement process to comply with the South African Constitution and the Public Finance Management Act ("PFMA") when the previous executive management team at SASSA contracted with SAPO for the payment of grants in 2009.
04-Feb-2011
(C)
Revenue for 2Q 2011 was USD89.0 million (USD74 million). During 2Q 2011, net income under US generally accepted accounting principles ("GAAP") was USD9.9 million versus net income of USD19.3 million for the three months ended 31 December 2009 ("2Q 2010"). Headline earnings per share for 2Q 2011 was US0.22 cents versus headline earnings per share of US0.42 cents.



Outlook

The second quarter of fiscal 2011 was a transformational quarter for us with the closing of our KSNET acquisition, which diversifies our revenue, earnings and product portfolio, as well as reduces Net1's dependency on any one single economy, currency or political jurisdiction. Revenue and profitability in 2Q 2011 continued to be negatively impacted by the previously announced reduction in the economics of our contract with SASSA, but offset by the inclusion of KSNET for two months of the quarter and sustained growth at EasyPay. In January 2011 we extended our contract with SASSA for a period of six months to 30 September 2011, under the same terms and conditions of the existing contract. Net1 UEPS expect SASSA to commence a new tender process for the distribution of social grants in South Africa in the near future, and remain well positioned to capitalize on our market leading solution, distribution and position. Separately, in 2Q 2011 KSNET's performance was in-line with management's expectations while Net1 made demonstrable progress in the deployment of our newer Virtual Card and EasyPay Kiosk initiatives.

20 Jan 2011 08:12:22
(Official Notice)
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") announced it will release second quarter 2011 results after the market close on February 3, 2011. Net1 management will host a conference call to review these results on 4 February 2011 at 8:00 a.m. Eastern Time.



To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through 25 February 2011.

13 Jan 2011 09:19:08
(Official Notice)
Net 1 UEPS announced a six month extension of its contract for the payment of social welfare grants with the South African Social Security Agency ("SASSA"), on the same terms and conditions as the existing agreement, which is scheduled to expire on March 31, 2011. SASSA has indicated that it intends to commence with a new tender process shortly and has requested the six month extension to allow it to conclude the tender process.
30 Nov 2010 10:05:06
(Official Notice)
The annual meeting of shareholders of Net1 was held on November 29, 2010. All director nominees were elected.

19 Nov 2010 12:53:27
(Official Notice)
Net1 UEPS Technologies, Inc. ("Net1" or the "Company") (NasdaqGS: UEPS; JSE: NT1) announced that its majority-owned subsidiary, Net1 Universal Technologies (Austria) AG ("Net1 UTA") has received a new order from the leading banks of Uzbekistan for the delivery of 1.1 million smart cards and 2,500 EFTPOS terminals during 2011.

11 Nov 2010 09:28:46
(Official Notice)
Net1UEPS announced that the company reiterates its guidance of fundamental EPS of at least USD1.50 on a constant USD/ZAR currency basis for fiscal 2011, assuming the continuation of its contract with SASSA on similar terms for the full year, but without giving effect to the recent acquisition of KSNET in Korea. Net1UEPS expects to complete its pro forma financial statements to include KSNET and its purchase price allocation in January 2011, at which point the company will update its fiscal 2011 guidance to reflect KSNET. Net1UEPS management continues to expect the KSNET acquisition to be accretive to fundamental net income and fundamental earnings per share.



Fundamental net income and fundamental earnings per share The company's GAAP net income and earnings per share include amortization of intangible assets and stock-based compensation. In addition, GAAP net income and earnings per share for 1Q 2011 includes transaction-related costs and an unrealized foreign exchange loss related to the acquisition of KSNET. The company excludes all of the above-mentioned amounts when calculating fundamental net income and earnings per share, because management believes that these adjustments enhance its own evaluation, as well as an investor's understanding, of the company's financial performance.
10 Nov 2010 14:43:16
(Official Notice)
Net1UEPS announced that its wholly-owned subsidiary, Net1 Universal Electronic Technological Solutions (Pty) Ltd ("NUETS") has received an additional USD1.3 million order for 2 000 EFTPOS devices for deployment in Iraq. The company expects to deliver 500 devices during the second quarter of fiscal 2011 and the remaining 1 500 devices in the third quarter of fiscal 2011. In August 2008, the company's UEPS system was implemented in Iraq and is used for the distribution and payment of government grants to war victims, government pension payments to beneficiaries, as well as salary and wage distribution and payment to employees of the two state owned banks.
10 Nov 2010 10:20:13
(C)
Revenue declined slightly to USD64.3 million (USD65.5 million). Operating income decreased to USD11 million (USD26.4 million) and net attributable profit more than halved to USD7.4 million (USD17.9 million). In addition, headline earnings on a per share basis fell to USD16cps (USD37cps).



Outlook

The first quarter of fiscal 2011 was negatively impacted by the reduction in the economics of our contract with SASSA. Following the recent changes in the South African cabinet, management expects to work with the new leadership in the ensuing months to define a long-term solution for the administration of social grants in South Africa. Growth initiatives within South Africa and internationally, specifically in Iraq and Ghana, new technologies such as Virtual Card and EasyPay Kiosks and increasing contributions from acquisitions of KSNET, MediKredit and FIHRST leave Net1UEPS well-positioned to drive long-term revenue, earnings and cash flows. Management remains committed to achieving long-term sustainable growth for the company. Guidance of fundamental EPS of at least USD1.50 on a constant USD/ZAR currency basis for fiscal 2011 remains dependent on the continuation of the SASSA contract beyond 31 March 2011, on similar terms, as well as the incorporation of KSNET's results on a US GAAP basis with effect from November 2010.
02 Nov 2010 08:42:31
(Official Notice)
Net1UEPS announced that effective October 29, 2010, it has completed its acquisition of 98.73% of KSNET, Inc in the Republic of Korea ("Korea") for 270 billion Korean won ("KRW"), or approximately USD240 million based on the exchange rates on October 29, 2010. The transaction was funded partly through a five-year facility with a consortium of Korean banks led by Hana Bank in the amount of KRW130.5 billion, and the balance from the company's available cash reserves. The transaction is expected to be immediately accretive to fundamental earnings (which is a non-GAAP measure). The acquisition of KSNET expands Net1UEPS's international footprint as well as diversifies the company's revenue, earnings and product portfolio. The combination is expected to capitalize on multiple revenue synergies and provide an established base in Asia for further business development activities in the region.



Net1UEPS management will discuss the transaction in more detail when it hosts its first quarter fiscal 2011 earnings call at 8am ET on 10 November 2010.



About KSNet

KSNet services a broad range of industries in Korea, including credit card, retail and wholesale merchant, financial institutions, governmental organizations, utility companies and e-commerce businesses. It offers payment processing solutions including payment card and banking value added networks, payment gateways, cash receipt, purchase cards and point cards. It has a diverse merchant base and processed over 1.4 billion transactions in 2009.
29 Oct 2010 09:13:24
(Official Notice)
Notice was given that the company's annual general meeting of shareholders will be held at 16H00, local time, on 29 November 2010, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1's website at http://ir.net1.com/phoenix.zhtml?c=73876-p=irol-proxy.
19 Oct 2010 09:22:22
(Official Notice)
Net 1 UEPS Technologies, Inc announced it will release first quarter 2011 results after the market close on 9 November 2010. Net1 management will host a conference call to review these results on 10 November 2010 at 8:00 a.m. Eastern time. To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through December 1, 2010.
16 Sep 2010 14:42:12
(Official Notice)
03 Sep 2010 08:53:19
(Official Notice)
Net1 UEPS Technologies, Inc announced that its wholly-owned subsidiary, Net1 Virtual Credit Card, Inc, has launched VCpayTrade Mark, Net1's cell phone based prepaid virtual payment card application designed for Card-Not-Present ("CNP") transactions with a top five wireless carrier in the United States. In addition, Net1 Virtual Credit Card, Inc. has teamed up with The Bancorp Bank, a wholly-owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), FSV Payment Systems and MoneyGram International (NYSE: MGI) to offer a comprehensive card issuing, processing and distribution network to wireless subscribers. Net1's first distributor for VCpayTrade Mark, a top five wireless carrier in the United States with several million subscribers, will offer VCpayTrade Mark to its prepaid customers as an application that will be pre-loaded on new smart- phones or can be downloaded on select existing devices. VCpayTrade Mark allows a subscriber to generate a unique, one-time use prepaid virtual card number to securely purchase goods and services or perform bill payments in any CNP environment. Net1 believes that the VCpayTrade Mark application is the first mobile phone-based prepaid program with no requirement for the user to have a physical card or a bank account. Subscribers can load their prepaid virtual accounts with cash at any of MoneyGram's 40,000 U.S. agent locations, which are located in most communities including many grocery, pharmacy and convenience store chains.
30 Aug 2010 08:29:10
(Media Comment)
According to Business Day, Net 1 UEPS Technologies, which posted a drop in earnings for the year to June, said on Friday, 27 August 2010 it had signed a new agreement with the South African social security agency to provide its social welfare grants distribution service in five of nine provinces. But chairman and CEO Serge Belamant admitted that this year had been difficult for the electronic payment system provider mainly because of uncertainties about its contract with the agency. Mr Belament said SA had been put under austerity measures that led to the cancellation of many social benefits which were found to have been granted without proper consideration or approval. "In addition, reductions in fees were mandated to all grant distributors to reduce the overall cost of grant administration", Mr Belamant said.
27 Aug 2010 09:31:30
(Official Notice)
Revenue increased by 14% to USD280.4 million (USD246.8 million), but operating income declined by 25% to USD69.8 million (USD93.4 million). Net attributable profit slumped by 55% to USD39 million (USD86.6 million). Nevertheless, headline earnings grew by 6% to USD165cps (USD156cps).



Dividends

No final dividend was declared for the period under review.



Outlook

Net1UEPS expects personnel and structural changes to be made within SASSA during 2011 which should lead to a more specific governmental direction and to which the company can align ourselves in order to continue to play a significant role in this market segment.



The company continues to grow in strength in many different markets and the diverse product range enables Net1UEPS to participate across multiple transaction processing segments. Looking forward, management will continue to focus strategic efforts on the diversification of the business, by leading with innovative and relevant technology, strengthening of business development teams, and deploying capital where appropriate toward acquisition opportunities.



Given the fact that the new service level agreement with SASSA runs through 31 March 2011 to coincide with government's fiscal year end, it is difficult to provide guidance for the full fiscal year 2011. However, assuming the contract were to run for the duration of fiscal year 2011, management would expect to generate fundamental EPS of at least USD1.50 on a constant currency basis.
29 Jul 2010 09:31:34
(Official Notice)
Net 1 UEPS Technologies Inc announced it will release fourth quarter and full year 2010 results after the market close on August 26, 2010. Net1 management will host a conference call to review these results on August 27, 2010 at 8:00 a.m. Eastern Time. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through September 17, 2010.
27 Jul 2010 08:08:12
(Official Notice)
Net1UEPS' continuing success in Iraq results in a new order for 1.2 million UEPS smart cards for deployment into existing and new government projects. Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1" or the "Company") announced that its wholly-owned subsidiary, Net1 Universal Electronic Technological Solutions (Pty) Ltd ("NUETS"), has received an order for a further 1.2 million universal electronic payment system ("UEPS")-enabled smart cards. NUETS expects the delivery of these cards to commence towards the end of September 2010 at the rate of 200,000 cards per month.



01 Jul 2010 15:39:18
(Official Notice)
Net 1 UEPS Technologies, Inc. announced that negotiations regarding the current agreement with the South African Social Security Agency ("SASSA") for the payment of social welfare grants which expired on June 30, 2010, have not been finalized and are ongoing. Net1 is committed to delivering the highest level of service to the South African government and its citizens, and continues to provide its payment service to SASSA, having commenced payment activities for the July payment cycle. The company's ongoing discussions with SASSA include the evaluation of a number of proposals, including a further contract extension, a new fixed-term contract and the commencement of a new tender process. Further announcements will be made when an agreement is reached regarding the terms and conditions of any contract extension.
07 May 2010 10:05:56
(C)
Net1UEPS quarter results showed revenue of USD7.23 million (March 2009:USD55.9 million and an operating of USD26.6 million (March 2009: USD20.9 million). Net attributable profit amounted to USD18.8 million (March 2009:USD14.4 million). Headline earnings of USD41cps (March 2009: USD27cps) was recorded.



Outlook

Net1UEPS third quarter results demonstrate the strength of our business model and the power of our technology The group recognize that the pace of international expansion has been slower than expected, however the company have the management commitment, proposals and incentives to drive accelerating growth into new initiatives over the coming quarters. Net1UEPS remain in active discussions with the South African government for the distribution of social welfare grants, and anticipate a conclusion to the process over the next 4-6 weeks.



The group are and expect to remain an integral distributor of welfare grants for the South African government,and are committed to driving long-term sustainable growth for all stakeholders and to that effect, the Board has doubled share repurchase authorization to USD100 million. While the full year 2010 constant currency results will ultimately depend on changes, if any, in the terms of our contract with SASSA, which may be applied retrospectively to 1 April 2010 to coincide with government's fiscal year, Net1UEPS are currently unable to accurately forecast constant currency guidance until negotiations with SASSA have been finalized. Net1UEPS growth during 3Q 2010 was driven by EasyPay, Iraq and the addition of MediKredit.
23 Apr 2010 08:50:16
(Official Notice)
Net1 announced it will release its third quarter 2010 results after the market closes in the United States on May 6, 2010. Net1 management will host a conference call to review these results on May 7, 2010 at 8:00 a.m. Eastern Time. To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through 30 May 2010.
01 Apr 2010 07:59:52
(Official Notice)
Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS, JSE: NT1) announced a three month extension of its contract for the payment of social welfare grants with the South African Social Security Agency ("SASSA"), on the same terms and conditions as the existing agreement, which was scheduled to expire on 31 March 2010. The three month extension allows Net1 to maintain its high level of service delivery while the Company and SASSA conclude negotiations. Our ongoing discussions with SASSA include the evaluation of a number of proposals including a further contract extension, a new fixed-term contract and the commencement of a new tender process. Further announcements will be made once discussions have been concluded.
26 Feb 2010 12:14:51
(Official Notice)
Net 1 UEPS Technologies announced that it has agreed to acquire the operating business of FIHRST Management Services (Pty) Ltd for ZAR 70 million in cash. FIHRST is a South African private company that offers a third party payroll payments solution to approximately 1.170 companies, representing 700 000 employees with a transaction volume of approximately R40 billion per annum. The transaction is expected to close in April 2010 once all regulatory approvals have been obtained. The acquisition of FIHRST will further enhance Net1's position as one of the leading independent transaction processors in South Africa.
10 Feb 2010 09:37:15
(C)
Net 1 UEPS Technologies, Inc. announced results for the three months ended December 31, 2009. Revenue during 2Q 2010 was USD73.9 million, a year over year increase of 20% in US dollars ("USD") and a decline of 8% in constant currency. Earnings per share under US generally accepted accounting principles ("GAAP") in 2Q 2010 was USD0.42 versus USD0.49 a year ago, a decline of 14% in USD and 34% in constant currency. Fundamental earnings per share for 2Q 2010 was USD0.51 compared to USD0.36 in the 2Q 2009, representing an increase of 42% in USD and 8% in constant currency. Revenue during the first half of fiscal 2010 ("F2010") was USD139.4 million, a year over year increase of 8% in US dollars and a decline of 6% in constant currency compared to the first half of fiscal 2009 ("F2009"). Earnings per share under US generally accepted accounting principles ("GAAP") during F2010 was USD0.79 versus USD0.94 a year ago, a decline of 16% in USD and 27% in constant currency. Fundamental earnings per share for F2010 was USD0.96 compared to USD0.75 for F2009, representing an increase of 28% in USD and 12% in constant currency.
14 Jan 2010 08:56:16
(Official Notice)
Net 1 UEPS Technologies Inc. today announced it will release its second quarter 2010 results after the market close on February 9, 2010. Net1 management will host a conference call to review these results on February 10, 2010 at 8:00 a.m. eastern time. To participate in the call, dial 0-800-200-648 ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com.
13 Jan 2010 08:02:55
(Official Notice)
Net1 UEPS Technologies, Inc announced that its wholly owned subsidiary, Net1 Universal Electronic Technological Solutions (Pty) Ltd , which focuses on Africa and the Middle East, passed a key milestone in the implementation of its contract with the government of Iraq by enrolling its one millionth beneficiary earlier this month.



NUETS has received additional orders for 800 000 Universal Electronic Payment System enabled smart cards and 1 500 POS devices for deployment in Iraq. Net1 expects to deliver the newly ordered cards over the remainder of fiscal year 2010.
24 Nov 2009 09:21:37
(Official Notice)
Net 1 UEPS Technologies, Inc. announced that it has agreed to acquire 100% of MediKredit Integrated Healthcare Solutions (Pty) Ltd for ZAR 74 million (approximately USD 10 million) in cash. MediKredit is a South African private company that offers transaction processing, financial and clinical risk management solutions to both funders and providers of healthcare. The transaction is expected to close in February 2010 when all regulatory approvals have been obtained.



MediKredit will provide Net 1 the opportunity to expand Net1's technology to another adjacent market and to cross-sell its payment technologies.
16 Nov 2009 17:09:56
(Official Notice)
Net1UEPS announced that Dr Serge Belamant, its chairman and CEO, plans to sell up to one million shares of his personal holdings in the company. The sales will occur in the open market at the prevailing market price and will be subject to regulatory restrictions imposed on affiliates and insiders. If these sales are completed, Dr Belamant will continue to beneficially own approximately one million shares, or 2.2% of the company's outstanding stock.
06 Nov 2009 10:01:10
(C)
Revenue declined slightly to USD65.5 million (USD67.9 million). Operating income decreased to USD26.4 million (USD27.3 million) and net attributable profit declined to USD17.9 million (USD26.2 million). In addition, headline earnings fell to USD37cps (USD45cps).



Outlook

Net1UEPS remains an integral distributor of welfare grants for the South African government, and the company continues to make progress on business development activities that should allow Net1UEPS to export our technology to more countries around the globe. Net1UEPS reiterated its guidance of at least 20% constant currency fundamental earnings per share growth for fiscal year 2010. Growth during 1Q 2010 was driven by the core pension and welfare business, further penetration of the merchant acquiring platform and increased contribution of value-added services at EasyPay as well as contributions from activities in Iraq.
29 Oct 2009 07:47:22
(Official Notice)
Net1UEPS announced it will release its first quarter 2010 results after the market close on 5 November 2009. Net1 management will host a conference call to review these results on 6 November 2009 at 8:00 am eastern time. To participate in the call, dial 1-800-860-2442 (US only), 1-866-519-5086 (Canada only), 0-800-917-7042 (UK only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1ueps.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through 27 November 2009.
28 Oct 2009 17:48:56
(Official Notice)
The company's annual general meeting of shareholders will be held at 16H00, local time, on 25 November 2009, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1UEPS's website at http://ir.net1.com/phoenix.zhtml?c=73876-p=irol-proxy.
28 Aug 2009 11:36:36
(C)
Transaction-based activities revenue was USD39.2 million, up 3% from 4Q 2008 in US dollars and 9% higher on a constant currency basis. Smart card account revenue of USD7.6 million declined 10% year-over-year in US Dollars and 4% on a constant currency basis. Financial services revenue of USD0.9 million, was down 56% from 4Q 2008 in US Dollars and 53% lower on a constant currency basis, principally due to the divestiture of the company's traditional microlending business in 3Q 2009. Hardware and software revenue of USD13.9 million increased 1% year-over-year in US Dollars and 7% on a constant currency basis. At 30 June 2009, the company had cash and equivalents of USD221 million, up from USD121 million at 31 March 2009.
14 Aug 2009 09:44:30
(Official Notice)
Net 1 UEPS technologies, Inc. announced it will release fourth quarter and full year 2009 results after the market close on August 27, 2009. Net1 management will host a conference call to review these results on August 28, 2009 at 8:00 a.m. Eastern Time.
29 Jul 2009 16:16:15
(Official Notice)
Net1UEPS announced today that it has agreed to repurchase all company shares held by Brait SA and its investment affiliates ("Brait SA") for R105.98 (USD13.50) per share, for an aggregate repurchase price of R 977 million, or USD124.5 million. The repurchase is expected to close on or before 4 August 2009. The buyback of 9 221 526 shares represents 16.9% of the company's outstanding shares.



Preliminary unaudited fourth quarter 2009 and full year 2009 results

Net1UEPS is expected to report 4Q 2009 and full year 2009 revenue of approximately USD61 million and USD246 million, respectively. Fundamental earnings per share for 4Q 2009 and full year 2009 is expected to be USD0.38 (which represents a 1% decrease from 4Q 2008 on a constant currency basis) and USD1.47 (which represents a 16% increase from full year 2008 on a constant currency basis), respectively. The company will report complete, audited financials for 4Q 2009 and full year 2009 as well as issue guidance for fiscal 2010 during the week of 24 August 2009.



Net1UEPS will host a conference call to discuss the Brait repurchase on 29 July 2009, at 11:00 am eastern time. To participate in the call, dial 1-800-860- 2442 (US only), or 0- 800-200-648 (South Africa only) five minutes prior to the start of the call.
03 Jun 2009 14:15:28
(Official Notice)
Net1UEPS announced the appointment of Mr Dhruv Chopra as Vice-President--Investor Relations. He will join the company and be based in New York City.
08 May 2009 10:45:08
(C)
Net1UEPS' maiden third quarter results as a listed company on the JSE showed revenue of USD55.9 million and an operating of USD20.9 million. Net attributable profit amounted to USD14.4 million. Headline earnings of USD27cps was recorded.



Outlook

The company is now positioned to continue its expansion in the number of people who use Net1UEPS' technology and in the breadth of services provided, not only on South African soil but also in numerous world markets. Management is confident of delivering sustainable growth for all stakeholders. The company is well on track to achieve growth of a minimum of 15% in fundamental earnings on a constant currency basis for fiscal 2009.
04 May 2009 08:17:36
(Official Notice)
Net1UEPS will host a conference call to review its fiscal 2009 third quarter results on 8 May 2009, at 8:00 am Eastern Standard Time. The results will be released on 7 May 2009, after the market closes in the United States.
27 Mar 2009 15:42:24
(Official Notice)
Net1UEPS announced that it has agreed the terms of a one year contract with the South African Social Security Agency ("SASSA") for the payment of social welfare grants in the five provinces where it currently provides a grant payment service. The current service level agreements ("SLAs") will automatically terminate on 31 March 2009. The new contract will commence on 1 April 2009 and expire on 31 March 2010.



SASSA has received special approval from the South African National Treasury Department to conclude new agreements with the current service providers for a twelve month period without conducting a tender process. SASSA has indicated that a new tender process will be initiated during the next twelve months.



The company and SASSA have agreed on a standard pricing formula based on a transaction fee per beneficiary paid, calculated on a guaranteed minimum number of beneficiaries. In addition, SASSA will assume responsibility for the pre-funding of all social welfare grants with effect from the May 2009 pay cycle.
06 Feb 2009 09:39:56
(C)
Net1UEP's maiden interim results as a listed company on the JSE Ltd, showed that revenue increased to USD129.3 million (USD128.8 million). Operating income dropped to USD50.1 million (USD54.1 million). However, net income rose to USD54 million (USD38.2 million). In addition, headline earnings per share grew to USD52cps (USD35cps).



Dividend

No interim dividend has been declared.



Prospects

The current state of the global economy is, in Net1UEPS' view, forcing people to go back to basics where the company's technology operates in the best possible way. The group maintains its outlook of 15% fundamental earnings per share growth on a constant currency basis for fiscal 2009. GAAP earnings per share growth should exceed 25% on a constant currency basis as a result of the change in tax rates and the foreign exchange gains on a short-term investment.
30 Jan 2009 10:15:33
(Official Notice)
Net 1 UEPS Technologies, Inc announced it will host a conference call to review its second quarter results on February 6, 2009, at 8:00 a.m. Eastern Standard Time. The results will be released on February 5, 2009, after the market closes in the United States of America.
02 Dec 2008 08:27:33
(Official Notice)
Net1UEPS announced that it has received an order for an additional 800 000 smart cards to be issued to war victim beneficiaries and pension payment recipients. The total cards ordered from Net1UEPS to date amounts to 1.1 million. Delivery of the 1 million cards will be 200 000 per month between December 2008 and May 2009.
07 Nov 2008 10:05:08
(C)
Revenue for the first quarter ended 30 September 2008 was USD67.9 million. For Net1UEPS' maiden quarterly results as a JSE-listed company, net attributable income amounted to USD26.2 million and headline earnings per share came in at USD46cps.



Dividend

No dividend has been declared.



Prospects

Net1UEPS maintains its outlook of 15% fundamental earnings per share growth on a constant currency basis for fiscal 2009. GAAP earnings per share growth should exceed 25% on a constant currency basis as a result of the change in tax rates and the foreign exchange gains on a short-term investment.
07 Nov 2008 09:59:55
(Official Notice)
Net1UEPS announced that its board of directors has authorized the repurchase of up to USD50 million of the company's common stock at any time and from time to time through 31 December 2009. The share repurchase authorization will be used at management's discretion, subject to limitations imposed by SEC Rule 10b-18 and other legal requirements and subject to price and other internal limitations established by the board. Repurchases will be funded from the company's available cash. Share repurchases may be made through open market purchases, privately negotiated transactions, or both. There can be no assurance that the company will purchase any shares or any particular number of shares. The authorization may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, liquidity and other factors that management deems appropriate.
04 Nov 2008 09:05:15
(Official Notice)
Net1UEPS announced that it has received the final decision in respect of the payment service tender from the chief executive officer ("CEO") of the South African Social Security Agency ("SASSA"). Bidders have been advised that the CEO has decided to:

*make no award of tenders submitted in response to SASSA Tender 19/06/BS and to terminate the procurement process; and

*defer a decision about commencing a fresh tender process for the provision of a social assistance grants payment service.
29 Oct 2008 12:37:02
(Official Notice)
Net1UEPS announced it will host a conference call to review its first quarter results on 7 November 2008, at 8:00am Eastern Standard Time. The results will be released on 6 November 2008, after the market closes in the United States of America. To participate in the call, dial 0-800-200-648 five minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the homepage, www.net1ueps.com. Click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the website through 30 November 2008.
13 Oct 2008 09:03:12
(Official Notice)
Net1UEPS announced that it has received Bidders Notice number 11 from the South African Social Security Agency ("SASSA"), advising bidders that the Bid Adjudication Committee has submitted its report and recommendations in respect of the Payment Service Tender to the chief executive officer ("CEO") of SASSA. The Bid Adjudication Committee has recommended to the chief executive officer of SASSA that no award be made in respect of the tender and that a fresh tender process be commenced, as the Bid Evaluation Committee concluded that the evaluation process followed has been unreliable. According to the Bidders Notice, the CEO of SASSA has to decide whether he will accept the recommendations of the Bid Adjudication Committee, or propose a different course of action.
11-Jul-2016
(X)
Net1 is a leading provider of payment solutions and transaction processing services across multiple industries and in a number of emerging economies.



Net1 have developed and market a comprehensive transaction processing solution that encompasses our smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.


Send e-mail to for any enquiries or see Contact Details for phone numbers
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