The following information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition" and Item 7.01, "Regulation FD Disclosure."

On November 6, 2008, Net 1 UEPS Technologies, Inc. ("Net1") issued a press release setting forth Net1's financial results for the three months ended September 30, 2008. A copy of Net1's press release is attached as Exhibit 99.1.

On November 6, 2008, Net1 issued a press release announcing that its Board of Directors has authorized the repurchase of up to $50 million of Net1's common stock at any time and from time to time through December 31, 2009. The share repurchase authorization will be used in 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 Net1's available cash. Share repurchases may be made through open market purchases, privately negotiated transactions, or both. There can be no assurance that Net1 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.

(d) Exhibits

99.1 Press Release, dated November 6, 2008, issued by Net 1 UEPS

          Technologies, Inc.

  99.2      Press Release, dated November 6, 2008, Net1 announces share repurchase
          authorization.