Current Report Filing (8-k)

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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 18, 2015

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

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

President Place, 4^th 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))

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Item 7.01 Regulation FD Disclosure.

On February 18, 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 18, 2015, issued by Net 1 UEPS Technologies, Inc.

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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 18, 2015	By: /s/ Serge Belamant
	Dr. Serge C.P. Belamant
	Chief Executive Officer and Chairman of
	the Board

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Exhibit 99.1

South African Constitutional Court issues further directions for SASSA tender process

Johannesburg, February 18, 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 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:

	1.	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).
	2.	SASSA is required to circulate the proposed amended RFP to all the affected parties by May 15, 2015.
	3.	The deadline for the submission of bids is extended to June 15, 2015.
	4.	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 today:

	1.	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.
	2.	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: [phone]
Email: [e-mail]

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