NET 1 UEPS TECHNOLOGIES INC (UEPS) SEC Filing 10-K/A Annual report for the fiscal year ending Saturday, June 30, 2018

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Document And Entity Information - USD ($)
12 Months Ended
Jun. 30, 2018
Sep. 06, 2018
Dec. 31, 2017
Document And Entity Information [Abstract]   
Document Type10-K/A  
Amendment Flagtrue  
Amendment DescriptionThis Amendment No. 1 on Form 10-K/A ("Amendment No. 1") amends the Annual Report on Form 10-K of Net 1 UEPS Technologies, Inc. (the "Company") for the year ended June 30, 2018, as originally filed with the Securities and Exchange Commission (the "SEC") on September 12, 2018, (the "Original Filing").This Amendment No. 1 amends the Original Filing to reflect the restatement of the Company's audited consolidated financial statements for the year ended June 30, 2018, in order to correct an error related to the Company's accounting for its investment in Cell C Proprietary Limited, as more fully described in Note 1 to the consolidated financial statements contained in this Amendment No. 1. Additionally, conforming changes occur throughout this filing because of the changes to the consolidated financial statements. The Company also identified and corrected other misstatements in its consolidated statement of cash flows for the year ended June 30, 2018, and in Note 19 Income taxes. For ease of reference, this Amendment No. 1 amends and restates the Original Filing in its entirety. Revisions to the Original Filing have been made to the following sections:•Part 1, Item 1A – Risk Factors•Part II, Item 6 - Selected Financial Data•Part II, Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations•Part II, Item 8 - Financial Statements and Supplementary Data•Part II, Item 9A - Controls and ProceduresIn addition, the Company's principal executive officer and principal financial officer have provided new certifications dated as of the date of this filing in connection with this Amendment No. 1 (Exhibits 31.1, 31.2, and 32.1).Except as described above, the financial statements and other disclosures in this Amendment No. 1 do not reflect any events that have occurred after the Original Filing. Accordingly, this Amendment No. 1 should be read in conjunction with the Company's other filings made with the SEC subsequent to the filing of the Original Filing, including any amendments to those filings.A discussion of the Company's internal control over financial reporting, a material weakness identified by the Company and the actions taken by management are set forth in Item 9A Controls and Procedures.  
Document Period End DateJun. 30, 2018  
Document Fiscal Year Focus2018  
Document Fiscal Period FocusFY  
Entity Registrant NameNET 1 UEPS TECHNOLOGIES INC  
Entity Central Index Key0001041514  
Current Fiscal Year End Date--06-30  
Entity Well-known Seasoned IssuerNo  
Entity Voluntary FilersNo  
Entity Current Reporting StatusYes  
Entity Filer CategoryAccelerated Filer  
Trading Symbolueps  
Entity Public Float  $ 387,520,188
Entity Common Stock, Shares Outstanding 56,369,737 

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No exhibits were included with this SEC filing.

  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0001062993-18-004925
  • Submitted to the SEC: Thursday, December 6, 2018 4:12:52 PM EST
  • Accepted by the SEC: Thursday, December 6, 2018
  • Fiscal Year ending: June 2018
  • Industry: Functions Related To Depository Banking