UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2015 (February 25, 2015)

 

NET 1 UEPS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Florida 000-31203 98-0171860
(State or other jurisdiction
of incorporation) 		(Commission File Number) (IRS Employer Identification No.)

President Place, 4th Floor, Cnr. Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices)         (ZIP Code)

Registrant’s telephone number, including area code: 011-27-11-343-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[   ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[   ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Item 8.01 Other Events.

On February 25, 2015, Net1 issued a press release regarding the South African Constitutional Court’s issuance of further directions related to the SASSA tender process. A copy of the press release is attached as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

            (d)     Exhibits

Exhibit No. Description
   
99.1 Press Release, dated February 25, 2015, issued by Net 1 UEPS Technologies, Inc.

SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  NET 1 UEPS TECHNOLOGIES, INC.
   
   
Date: February 27, 2015 By: /s/ Serge Belamant
         Dr. Serge C.P. Belamant
         Chief Executive Officer and Chairman of the Board
         
   



Exhibit 99.1

South African Constitutional Court issues further directions for SASSA tender process

Johannesburg, February 25, 2015 – Net 1 UEPS Technologies, Inc. (the “Company”) (NasdaqGS: UEPS; JSE: NT1) today 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, 11 and 18, 2015, the Court issued the following further directions today:

1.

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

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
   
b.

If not, the parties’ final submissions on the validity of the amended RFP.
   
2.

The matter is set down for a hearing on these issues on March 19, 2015.
   
3.

The original deadline of February 27, 2015 for the submission of bids is suspended pending determination of the issues in (1) above.
   
4.

Further directions may be issued.

About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System (“UEPS”), to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.

Net1 operates market-leading payment processors in South Africa and the Republic of Korea. In addition, Net1's proprietary MVC technology offers secure mobile payments and banking services in developed and emerging countries.

Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.

Investor Relations Contact:

Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com

Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Net 1 Ueps Technologies Charts.
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Net 1 Ueps Technologies Charts.