Edition:
India

Net 1 UEPS Technologies Inc (NT1J.J)

NT1J.J on Johannesburg Stock Exchange

4,602.00ZAc
16 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Net 1 UEPS Technologies Is Reviewing All Options Available For Business In South Africa
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Net 1 UEPS Technologies Inc ::JSE: NT1 - NET 1 UEPS TECHNOLOGIES, INC. REPORTS SECOND QUARTER 2019 RESULTS.NET 1 UEPS TECHNOLOGIES INC - QTRLY REVENUE OF $97.2 MILLION AND FUNDAMENTAL EPS OF $(0.88).NET 1 UEPS TECHNOLOGIES INC - QTRLY ADJUSTED NEGATIVE EBITDA OF APPROXIMATELY $25 MILLION.NET 1 UEPS TECHNOLOGIES INC - "THIS WAS A VERY DIFFICULT QUARTER FOR OUR COMPANY".NET 1 UEPS TECHNOLOGIES INC - LOSS FOR QUARTER IS PRIMARILY ATTRIBUTABLE TO RURAL SOUTH AFRICAN BUSINESSES.NET 1 UEPS TECHNOLOGIES - FOCUS IS TO IMMEDIATELY STEM LOSSES IN S. AFRICAN FINANCIAL INCLUSION OPERATIONS, BREAKEVEN LEVEL BY END OF FISCAL YEAR.NET 1 UEPS TECHNOLOGIES INC - FOCUSED ON REVIEWING ALL OPTIONS AVAILABLE FOR BUSINESS IN SOUTH AFRICA.NET 1 UEPS TECHNOLOGIES INC - BELIEVE THAT ALL OF CHALLENGES CO IS FACING ARE CONTAINED AND CAN BE RESOLVED IN NEAR FUTURE.NET 1 UEPS TECHNOLOGIES INC - REMAIN COMFORTABLE WITH COMPANY'S LIQUIDITY POSITION OVER NEXT 12 MONTHS.NET 1 UEPS TECHNOLOGIES INC - EVALUATING OPTION TO AN APPEAL AGAINST JUDGMENT WITH REGARD TO APPLICATION TO DIRECT SASSA.NET 1 UEPS TECHNOLOGIES INC -SOUTH AFRICAN SEGMENT REVENUE WAS $21.9 MILLION IN Q2 2019, DOWN 66% COMPARED WITH Q2 2018.  Full Article

Net1 Expects To Report A Significant Loss For Q2
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Net 1 UEPS Technologies Inc ::NET1 PROVIDES UPDATE ON EPE ACCOUNTS COURT PROCESS; EXPECTS Q2 2019 LOSS.NET 1 UEPS TECHNOLOGIES INC - CURRENTLY EVALUATING OPTIONS AVAILABLE TO IT, INCLUDING AN APPEAL AGAINST JUDGMENT.NET 1 UEPS TECHNOLOGIES - SOUTH AFRICAN HIGH COURT GAVE JUDGMENT IN APPLICATION TO DIRECT SASSA TO PAY SOCIAL GRANTS INTO EPE ACCOUNTS OF RECIPIENTS.NET 1 UEPS - JUDGMENT HAS HAD MATERIAL ADVERSE IMPACT ON FINANCIAL RESULTS, EXPECT TO REPORT A SIGNIFICANT LOSS FOR Q2 OF FISCAL 2019.NET 1 UEPS TECHNOLOGIES - EFFECT OF FINAL JUDGMENT IS THAT SASSA IS REQUIRED TO PROMPTLY PAY SOCIAL GRANTS INTO EPE ACCOUNTS OF RECIPIENTS.NET 1 UEPS TECHNOLOGIES - FINAL JUDGMENT IS THAT SASSA IS NOT REQUIRED TO PAY GRANTS INTO EPE ACCOUNTS OF RECIPIENTS WHO DID NOT SUBMITTED ANNEXURE C FORM.  Full Article

Net 1 Ueps Technologies Inc files for mixed shelf of upto $350 million - SEC Filing
Saturday, 8 Dec 2018 

Dec 7 (Reuters) - Net 1 UEPS Technologies Inc ::NET 1 UEPS TECHNOLOGIES INC FILES FOR MIXED SHELF OF UPTO $350 MILLION - SEC FILING.  Full Article

Net1 UEPS Files Amended 2018 10-K With SEC
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Net 1 UEPS Technologies Inc ::NET1 FILES AMENDED 2018 10-K WITH SEC, NO CHANGE TO EQUITY, TOTAL ASSETS AND FEPS.FILED AMENDED FORM 10-K WITH U.S. SEC WHICH CONTAINS RESTATED FINANCIAL STATEMENTS FOR YEAR ENDED JUNE 30.  Full Article

Net 1 UEPS Gets Court Order On Determining Fees & Payment Between CPS And SASSA
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Net 1 UEPS Technologies Inc ::GOT ORDER FROM CONSTITUTIONAL COURT REGARDING DETERMINATION OF FEES & PAYMENT BETWEEN CO'S UNIT AND SASSA .FILED URGENT APPLICATION ON AUGUST 22 WITH COURT TO OBTAIN COURT'S ENDORSEMENT OF TREASURY RECOMMENDED RATE OF PAYMENTS.CONSTITUTIONAL COURT HAS NOW ORDERED THAT IT WILL NOT CONSIDER URGENT APPLICATION BY CO.LOOK FORWARD TO ENGAGING WITH SASSA TO FINALIZE REMUNERATION IN ACCORDANCE WITH TREASURY RECOMMENDATION FOR 6-MONTH PERIOD ENDING SEPT 30.  Full Article

Net 1 UEPS Technologies Inc Files For Non-Timely 10-Q
Wednesday, 14 Nov 2018 

Nov 13 (Reuters) - Net 1 UEPS Technologies Inc ::NET 1 UEPS TECHNOLOGIES INC FILES FOR NON-TIMELY 10-Q.  Full Article

Net 1 Ueps Technologies Inc QTRLY Fundamental EPS Of $0.01
Friday, 9 Nov 2018 

Net 1 UEPS Technologies Inc ::NET 1 UEPS TECHNOLOGIES, INC. REPORTS FIRST QUARTER 2019 RESULTS.NET 1 UEPS TECHNOLOGIES INC QTRLY FUNDAMENTAL EPS OF $0.01.NET 1 UEPS TECHNOLOGIES INC - EXPECT FEPS OF AT LEAST $0.65 FOR FISCAL 2019.NET 1 UEPS TECHNOLOGIES INC QTRLY REVENUE $125.9 MILLION VERSUS $152.6 MILLION.NET 1 UEPS TECHNOLOGIES INC QTRLY LOSS PER SHARE $0.09.  Full Article

South African Constitutional Court Pronounces Judgment On Payment Of Social Welfare Grants After April 1, 2018
Friday, 23 Mar 2018 

March 23 (Reuters) - Net 1 UEPS Technologies Inc ::SOUTH AFRICAN CONSTITUTIONAL COURT PRONOUNCES JUDGMENT ON PAYMENT OF SOCIAL WELFARE GRANTS AFTER APRIL 1, 2018.NET 1 UEPS TECHNOLOGIES INC - SOUTH AFRICAN CONSTITUTIONAL COURT GIVEN ORDER REGARDING CONTINUED PAYMENT OF SOCIAL GRANTS.  Full Article

Net1’s CPS To Challenge High Court’s Order Regarding SASSA Implementation Cost Recovery
Friday, 23 Mar 2018 

March 23 (Reuters) - Net 1 Ueps Technologies Inc ::NET1’S CPS TO CHALLENGE HIGH COURT’S ORDER REGARDING SASSA IMPLEMENTATION COST RECOVERY.NET 1 UEPS- COURT ORDERED VARIATION AGREEMENT BETWEEN SASSA, CPS, AND RESULTANT PAYMENT MADE IN SUM OF ZAR 317 MILLION BE REVIEWED AND SET ASIDE.NET 1 UEPS TECHNOLOGIES - COURT ALSO ORDERED CPS ORDERED TO REFUND SAID AMOUNT OF ZAR 317 MILLION TO SASSA WITH INTEREST FROM JUNE 2014 TO DATE OF PAYMENT.  Full Article

S.African Court Orders That Net1’S CPS May Participate In Sassa Tender Process
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Net 1 Ueps Technologies Inc ::NET 1 UEPS TECHNOLOGIES -S. AFRICAN ‍COURT ORDERED CO'S UNIT NOT PRECLUDED FROM PARTICIPATING IN SASSA'S TENDER PROCESS​.NET 1 UEPS TECHNOLOGIES - ‍COURT SCHEDULED HEARING ON MARCH 6, 2018 TO CONSIDER SASSA'S APPLICATION FOR 6 MONTH EXTENSION OF CONTRACT WITH CPS​.  Full Article