Lesaka (LSAK) 10-Q 5 Nov 15 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 03, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	NET 1 UEPS TECHNOLOGIES INC
Entity Central Index Key	1,041,514
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		47,322,702

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	[1]
CURRENT ASSETS
Cash and cash equivalents	$ 125,610	$ 117,583
Pre-funded social welfare grants receivable (Note 2)	1,411	2,306
Accounts receivable, net of allowances of - September: $2,767; June: $1,956	153,453	148,768
Finance loans receivable, net of allowances of - September; $3,640; June: $4,227	33,921	40,373
Inventory (Note 3)	12,335	12,979
Deferred income taxes	6,829	7,298
Total current assets before settlement assets	333,559	329,307
Settlement assets (Note 4)	600,195	661,916
Total current assets	933,754	991,223
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of - September: $92,145; June: $94,014	52,048	52,320
EQUITY-ACCOUNTED INVESTMENTS	14,342	14,329
GOODWILL (Note 6)	154,294	166,437
INTANGIBLE ASSETS, net (Note 6)	40,862	47,124
OTHER LONG-TERM ASSETS, including reinsurance assets (Note 5 and Note 7)	13,982	14,997
TOTAL ASSETS	1,209,282	1,286,430
CURRENT LIABILITIES
Accounts payable	15,527	21,453
Other payables	49,011	45,595
Current portion of long-term borrowings (Note 9)	8,359	8,863
Income taxes payable	12,848	6,287
Total current liabilities before settlement obligations	85,745	82,198
Settlement obligations (Note 4)	600,195	661,916
Total current liabilities	685,940	744,114
DEFERRED INCOME TAXES	9,169	10,564
LONG-TERM BORROWINGS (Note 9)	48,561	50,762
OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 7)	2,178	2,205
TOTAL LIABILITIES	$ 745,848	$ 807,645
COMMITMENTS AND CONTINGENCIES (Note 17)
EQUITY
COMMON STOCK (Note 10) Authorized: 200,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury - September: 47,322,702; June: 46,679,565	$ 64	$ 64
PREFERRED STOCK Authorized shares: 50,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury: September: -; June: -
ADDITIONAL PAID-IN CAPITAL	$ 218,384	$ 213,896
TREASURY SHARES, AT COST: September: 18,057,228; June: 18,057,228	(214,520)	(214,520)
ACCUMULATED OTHER COMPREHENSIVE LOSS	(182,545)	(139,181)
RETAINED EARNINGS	640,888	617,868
TOTAL NET1 EQUITY	462,271	478,127
NON-CONTROLLING INTEREST	1,163	658
TOTAL EQUITY	463,434	478,785
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,209,282	$ 1,286,430
[1]	Derived from audited financial statements

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowances for doubtful accounts	$ 2,767	$ 1,956
Finance loans receivable, allowances	3,640	4,227
Property, plant and equipment, accumulated depreciation	$ 92,145	$ 94,014
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	47,322,702	46,679,565
Common stock, shares outstanding	47,322,702	46,679,565
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Treasury shares, shares outstanding	18,057,228	18,057,228

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Operations [Abstract]
REVENUE	$ 154,473	$ 156,441
EXPENSE
Cost of goods sold, IT processing, servicing and support	77,382	74,406
Selling, general and administration	35,761	38,736
Depreciation and amortization	10,115	10,174
OPERATING INCOME	31,215	33,125
INTEREST INCOME	4,275	4,090
INTEREST EXPENSE	974	1,312
INCOME BEFORE INCOME TAXES EXPENSE	34,516	35,903
INCOME TAX EXPENSE (Note 16)	10,897	11,648
NET INCOME BEFORE EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS	23,619	24,255
EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS	188	92
NET INCOME	23,807	24,347
LESS NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST	787	258
NET INCOME ATTRIBUTABLE TO NET1	$ 23,020	$ 24,089
Net income per share, in United States dollars: (Note 13)
Basic earnings attributable to Net1 shareholders	$ 0.49	$ 0.51
Diluted earnings attributable to Net1 shareholders	$ 0.49	$ 0.51

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
NET INCOME	$ 23,807	$ 24,347
Other comprehensive income (loss)
Net unrealized income (loss) on asset available for sale, net of tax	50	(226)
Movement in foreign currency translation reserve	(43,696)	(21,185)
Total other comprehensive loss, net of taxes	(43,646)	(21,411)
Comprehensive (loss) income	(19,839)	2,936
(Less) comprehensive income attributable to non-controlling interest	(505)	(232)
Comprehensive (loss)/income attributable to Net1	$ (20,344)	$ 2,704

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - 3 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Common And Treasury Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Total Net1 Equity [Member]	Non-Controlling Interest [Member]	Total
Balance, shares at Jun. 30, 2015	64,736,793	46,679,565	18,057,228
Balance at Jun. 30, 2015	$ 64		$ (214,520)	$ 213,896	$ 617,868	$ (139,181)	$ 478,127	$ 658	$ 478,785	[1]
Restricted stock granted (Note 12), shares	319,492	319,492
Exercise of stock option (Note 12)				3,762			3,762		$ 3,762
Exercise of stock option (Note 12), shares	323,645	323,645							323,645
Stock-based compensation charge (Note 12)				726			726		$ 726
Net income					23,020		23,020	787	23,807
Other comprehensive loss (Note 11)						(43,364)	(43,364)	(282)	(43,646)
Balance at Sep. 30, 2015	$ 64		$ (214,520)	$ 218,384	$ 640,888	$ (182,545)	$ 462,271	$ 1,163	$ 463,434
Balance, shares at Sep. 30, 2015	65,379,930	47,322,702	18,057,228						47,322,702
[1]	Derived from audited financial statements

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 23,807	$ 24,347
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Depreciation and amortization	10,115	10,174
Earnings from equity-accounted investments	(188)	(92)
Fair value adjustments	1,433	413
Interest payable	709	1,159
Profit on disposal of plant and equipment	(95)	(122)
Stock-based compensation charge	726	916
Facility fee amortized	34	82
(Increase) Decrease in accounts receivable, pre-funded social welfare grants receivable and finance loans receivable	(17,278)	9,470
Increase in inventory	(931)	(2,123)
Increase (Decrease) in accounts payables and other payables	2,972	(10,933)
Increase in taxes payable	7,824	6,611
Decrease in deferred taxes	(1,026)	(390)
Net cash provided by operating activities	28,102	39,512
Cash flows from investing activities
Capital expenditures	(10,698)	(9,378)
Proceeds from disposal of property, plant and equipment	348	241
Proceeds from sale of business (Note 14)		1,895
Net change in settlement assets	(21,575)	(43,054)
Net cash used in investing activities	(31,925)	(50,296)
Cash flows from financing activities
Proceeds from issue of common stock	3,762	989
Long-term borrowings utilized	720	1,097
Acquisition of treasury stock (Note 10)		(9,151)
Sale of equity to non-controlling interest (Note 10)		1,407
Net change in settlement obligations	21,575	43,054
Net cash provided by financing activities	26,057	37,396
Effect of exchange rate changes on cash	(14,207)	(4,099)
Net increase in cash and cash equivalents	8,027	22,513
Cash and cash equivalents - beginning of period	117,583	58,672
Cash and cash equivalents - end of period	$ 125,610	$ 81,185

Basis Of Presentation And Summa

Basis Of Presentation And Summary Of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2015
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis Of Presentation And Summary Of Significant Accounting Policies	1. Basis of Presentation and Summary of Significant Accounting Policies Unaudited Interim Financial Information The accompanying unaudited condensed consolidated financial statements include all majority-owned subsidiaries over which the Company exercises control and have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and the rules and regulations of the United States Securities and Exchange Commission for quarterly reports on Form 10-Q and include all of the information and disclosures required for interim financial reporting. The results of operations for the three months ended September 30, 2015 and 2014, are not necessarily indicative of the results for the full year. The Company believes that the disclosures are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the financial statements, accounting policies and financial notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2015. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments), which are necessary for a fair representation of financial results for the interim periods presented. References to the "Company" refer to Net1 and its consolidated subsidiaries, unless the context otherwise requires. References to Net1 are references solely to Net 1 UEPS Technologies, Inc. Recent accounting pronouncements adopted There were no accounting pronouncements adopted during the three months ended September 30, 2015. Recent accounting pronouncements not yet adopted as of September 30, 2015 In May 2014, the FASB issued guidance regarding Revenue from Contracts with Customers . This guidance requires an entity to recognize revenue when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The guidance was effective for the Company beginning July 1, 2017, however this date has been extended as per subsequent guidance issued by the FASB. Early adoption is not permitted. The Company expects that this guidance will have a material impact on its financial statements and is currently evaluating the impact of this guidance on its financial statements on adoption. In August 2015, the FASB issued guidance regarding Revenue from Contracts with Customers, Deferral of the Effective Date . This guidance defers the required implementation date specified in Revenue from Contracts with Customers to December 2017. Public companies may elect to adopt the standard along the original timeline. The Company expects that this guidance will have a material impact on its financial statements and is currently evaluating the impact of this guidance on its financial statements on adoption. In August 2014, the FASB issued guidance regarding Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern . This guidance requires an entity to perform interim and annual assessments of its ability to continue as a going concern within one year of the date that its financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity's ability to continue as a going concern. The guidance is effective for the Company beginning July 1, 2017. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure. In February 2015, the FASB issued guidance regarding Amendments to the Consolidation Analysis . This guidance amends both the variable interest entity and voting interest entity consolidation models. The requirement to assess an entity under a different consolidation model may change previous consolidation conclusions. The guidance is effective for the Company beginning July 1, 2016. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure. In July 2015, the FASB issued guidance regarding Simplifying the Measurement of Inventory . This guidance requires entities to measure most inventory "at the lower of cost and net realizable value," thereby simplifying the current guidance under which an entity must measure inventory at the lower of cost or market (market in this context is defined as one of three different measures). The guidance will not apply to inventories that are measured by using either the last-in, first-out ("LIFO") method or the retail inventory method ("RIM"). The guidance is effective for the Company beginning July 1, 2017. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure.

Pre-Funded Social Welfare Grant

Pre-Funded Social Welfare Grants Receivable	3 Months Ended
	Sep. 30, 2015
Pre-Funded Social Welfare Grants Receivable [Abstract]
Pre-Funded Social Welfare Grants Receivable	2. Pre-funded social welfare grants receivable Pre-funded social welfare grants receivable represents amounts pre-funded by the Company to certain merchants participating in the merchant acquiring system. The October 2015 payment service commenced on October 1, 2015, but the Company pre-funded certain merchants participating in the merchant acquiring system on the last two days of September 2015.

Inventory

Inventory	3 Months Ended
	Sep. 30, 2015
Inventory [Abstract]
Inventory	3. Inventory The Company's inventory comprised the following categories as of September 30, 2015 and June 30, 2015. September 30, June 30, 2015 2015 Finished goods $ 12,335 $ 12,979 $ 12,335 $ 12,979

Settlement Assets And Settlemen

Settlement Assets And Settlement Obligations	3 Months Ended
	Sep. 30, 2015
Settlement Assets And Settlement Obligations [Abstract]
Settlement Assets And Settlement Obligations	4. Settlement assets and settlement obligations Settlement assets comprise (1) cash received from the South African government that the Company holds pending disbursement to recipient beneficiaries of social welfare grants and (2) cash received from customers on whose behalf the Company processes payroll payments that the Company will disburse to customer employees, payroll-related payees and other payees designated by the customer. Settlement obligations comprise (1) amounts that the Company is obligated to disburse to recipient beneficiaries of social welfare grants, and (2) amounts that the Company is obligated to pay to customer employees, payroll-related payees and other payees designated by the customer. The balances at each reporting date may vary widely depending on the timing of the receipts and payments of these assets and obligations.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	3 Months Ended
	Sep. 30, 2015
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	5. Fair value of financial instruments Initial recognition and measurement Financial instruments are recognized when the Company becomes a party to the transaction. Initial measurements are at cost, which includes transaction costs. Risk managemen t The Company seeks to reduce its exposure to currencies other than the South African Rand ("ZAR") through a policy of matching, to the extent possible, assets and liabilities denominated in those currencies. In addition, the Company uses financial instruments in order to economically hedge its exposure to exchange rate and interest rate fluctuations arising from its operations. The Company is also exposed to equity price and liquidity risks as well as credit risks. Currency exchange risk The Company is subject to currency exchange risk because it purchases inventories that it is required to settle in other currencies, primarily the euro and U.S. dollar. The Company has used forward contracts in order to limit its exposure in these transactions to fluctuations in exchange rates between the ZAR, on the one hand, and the U.S. dollar and the euro, on the other hand. Translation risk Translation risk relates to the risk that the Company's results of operations will vary significantly as the U.S. dollar is its reporting currency, but it earns most of its revenues and incurs most of its expenses in ZAR. The U.S. dollar to ZAR exchange rate has fluctuated significantly over the past three years. As exchange rates are outside the Company's control, there can be no assurance that future fluctuations will not adversely affect the Company's results of operations and financial condition. Interest rate risk As a result of its normal borrowing and leasing activities, the Company's operating results are exposed to fluctuations in interest rates, which it manages primarily through regular financing activities. The Company generally maintains limited investment in cash equivalents and has occasionally invested in marketable securities. Credit risk Credit risk relates to the risk of loss that the Company would incur as a result of non-performance by counterparties. The Company maintains credit risk policies with regard to its counterparties to minimize overall credit risk. These policies include an evaluation of a potential counterparty's financial condition, credit rating, and other credit criteria and risk mitigation tools as the Company's management deems appropriate. With respect to credit risk on financial instruments, the Company maintains a policy of entering into such transactions only with South African and European financial institutions that have a credit rating of BBB or better, as determined by credit rating agencies such as Standard & Poor's, Moody's and Fitch Ratings. UEPS-based microlending credit risk The Company is exposed to credit risk in its UEPS-based microlending activities, which provides unsecured short-term loans to qualifying customers. The Company manages this risk by performing an affordability test for each prospective customer and assigns a "creditworthiness score", which takes into account a variety of factors such as other debts and total expenditures on normal household and lifestyle expenses. Equity price and liquidity risk Equity price risk relates to the risk of loss that the Company would incur as a result of the volatility in the exchange-traded price of equity securities that it holds and the risk that it may not be able to liquidate these securities. The market price of these securities may fluctuate for a variety of reasons, consequently, the amount the Company may obtain in a subsequent sale of these securities may significantly differ from the reported market value. Liquidity risk relates to the risk of loss that the Company would incur as a result of the lack of liquidity on the exchange on which these securities are listed. The Company may not be able to sell some or all of these securities at one time, or over an extended period of time without influencing the exchange traded price, or at all. Financial instruments The following section describes the valuation methodologies the Company uses to measure its significant financial assets and liabilities at fair value. In general, and where applicable, the Company uses quoted prices in active markets for identical assets or liabilities to determine fair value. This pricing methodology applies to Level 1 investments. If quoted prices in active markets for identical assets or liabilities are not available to determine fair value, then the Company uses quoted prices for similar assets and liabilities or inputs other than the quoted prices that are observable either directly or indirectly. These investments are included in Level 2 investments. In circumstances in which inputs are generally unobservable, values typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. Investments valued using such techniques are included in Level 3 investments. Asset measured at fair value using significant unobservable inputs – investment in Finbond Group Limited ("Finbond") The Company's Level 3 asset represents an investment of 156,788,712 The fair value of these securities as of September 30, 2015, represented approximately 1 Derivative transactions - Foreign exchange contracts As part of the Company's risk management strategy, the Company enters into derivative transactions to mitigate exposures to foreign currencies using foreign exchange contracts. These foreign exchange contracts are over-the-counter derivative transactions. Substantially all of the Company's derivative exposures are with counterparties that have long-term credit ratings of BBB or better. The Company uses quoted prices in active markets for similar assets and liabilities to determine fair value (Level 2). The Company has no derivatives that require fair value measurement under Level 1 or 3 of the fair value hierarchy. The Company's outstanding foreign exchange contracts are as follows: As of September 30, 2015 Fair market Notional amount Strike price value price Maturity EUR 526,263.00 ZAR 15.3809 ZAR15.5532 October 20, 2015 EUR 509,516.00 ZAR 15.4728 ZAR15.6435 November 20, 2015 EUR 529,865.00 ZAR 15.5654 ZAR15.7402 December 21, 2015 EUR 526,663.00 ZAR 15.6625 ZAR15.8358 January 20, 2016 As of June 30, 2015 Fair market Notional amount Strike price value price Maturity EUR 526,263.00 ZAR 15.1145 ZAR 13.6275 July 20, 2015 EUR 526,263.00 ZAR 15.2025 ZAR 13.7062 August 20, 2015 EUR 526,263.00 ZAR 15.2944 ZAR 13.7898 September 21, 2015 EUR 526,263.00 ZAR 15.3809 ZAR 13.8683 October 20, 2015 EUR 509,516.00 ZAR 15.4728 ZAR 13.9540 November 20, 2015 EUR 529,865.00 ZAR 15.5654 ZAR 14.0397 December 21, 2015 EUR 526,663.00 ZAR 15.6625 ZAR 14.1239 January 20, 2016 The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of September 30, 2015, according to the fair value hierarchy: Quoted Price in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Total Assets Related to insurance business (included in other long-term assets): Cash and cash equivalents $ 1,884 $ - $ - $ 1,884 Investment in Finbond (available for sale assets included in other long-term assets) - - 6,618 6,618 Other - 1,069 - 1,069 Total assets at fair value $ 1,884 $ 1,069 $ 6,618 $ 9,571 The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2015, according to the fair value hierarchy: Quoted Price in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Total Assets Related to insurance business (included in other long-term assets): Cash and cash equivalents $ 1,640 $ - $ - $ 1,640 Investment in Finbond (available for sale assets included in other long-term assets) - - 7,488 7,488 Other - 1,259 - 1,259 Total assets at fair value $ 1,640 $ 1,259 $ 7,488 $ 10,387 Liabilities Foreign exchange contracts $ - $ 452 $ - $ 452 Total liabilities at fair value $ - $ 452 $ - $ 452 Changes in the Company's investment in Finbond (Level 3 that are measured at fair value on a recurring basis) were insignificant during the three months ended September 30, 2015 and 2014, respectively. There have been no Assets and liabilities measured at fair value on a nonrecurring basis The Company measures its assets at fair value on a nonrecurring basis when they are deemed to be other-than-temporarily impaired. The Company has no liabilities that are measured at fair value on a nonrecurring basis. The Company reviews the carrying values of its assets when events and circumstances warrant and considers all available evidence in evaluating when declines in fair value are other-than-temporary. The fair values of the Company's assets are determined using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections. An impairment charge is recorded when the cost of the assets exceeds its fair value and the excess is determined to be other-than-temporary. The Company has not recorded any impairment charges during the reporting periods presented herein.

Goodwill And Intangible Assets,

Goodwill And Intangible Assets, Net	3 Months Ended
	Sep. 30, 2015
Goodwill And Intangible Assets, Net [Abstract]
Goodwill And Intangible Assets, Net	6. Goodwill and intangible assets, net Goodwill Summarized below is the movement in the carrying value of goodwill for the three months ended September 30, 2015: Accumulated Carrying Gross value impairment value Balance as of June 30, 2015 $ 166,437 $ - $ 166,437 Foreign currency adjustment (1) (12,143 ) - (12,143 ) Balance as of September 30, 2015 $ 154,294 $ - $ 154,294 (1) – The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Korean won, and the U.S. dollar on the carrying value. Goodwill has been allocated to the Company's reportable segments as follows: South Financial African International inclusion and transaction transaction applied Carrying processing processing technologies value Balance as of June 30, 2015 $ 24,579 $ 115,519 $ 26,339 $ 166,437 Foreign currency adjustment (1) (3,053 ) (6,537 ) (2,553 ) (12,143 ) Balance as of September 30, 2015 $ 21,526 $ 108,982 $ 23,786 $ 154,294 (1) The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Korean won, and the U.S. dollar on the carrying value. Intangible assets, net Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of the intangible assets as of September 30, and June 30, 2015: As of September 30, 2015 As of June 30, 2015 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying value amortization value value amortization value Finite-lived intangible assets: Customer relationships $ 82,160 $ (44,008 ) $ 38,152 $ 88,109 $ (45,312 ) $ 42,797 Software and unpatented technology 27,872 (27,491 ) 381 29,964 (28,323 ) 1,641 FTS patent 2,731 (2,731 ) - 3,119 (3,119 ) - Exclusive licenses 4,506 (4,506 ) - 4,506 (4,506 ) - Trademarks 5,589 (3,260 ) 2,329 6,094 (3,408 ) 2,686 Total finite-lived intangible assets $ 122,858 $ (81,996 ) $ 40,862 $ 131,792 $ (84,668 ) $ 47,124 Aggregate amortization expense on the finite-lived intangible assets for the three months ended September 30, 2015 and 2014, was approximately $ 3.3 3.9 Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming an exchange rate prevailing on September 30, 2015, is presented in the table below. Actual amortization expense in future periods could differ from this estimate as a result of acquisitions, changes in useful lives, exchange rate fluctuations and other relevant factors. 2016 $ 10,105 2017 7,929 2018 7,928 2019 7,634 2020 7,463 Thereafter $ 3,088

Reinsurance Assets And Policy H

Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts	3 Months Ended
	Sep. 30, 2015
Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts [Abstract]
Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts	7. Reinsurance assets and policy holder liabilities under insurance and investment contracts Reinsurance assets and policy holder liabilities under insurance contracts Summarized below is the movement in reinsurance assets and policy holder liabilities under insurance contracts during the three months ended September 30, 2015: Reinsurance Insurance assets (1) contracts (2) Balance as of June 30, 2015 $ 183 $ (567 ) Foreign currency adjustment (3) (23 ) 71 Balance as of September 30, 2015 $ 160 $ (496 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) The foreign currency adjustment represents the effects of the fluctuations between the ZAR against the U.S. dollar. The Company has agreements with reinsurance companies in order to limit its losses from large insurance contracts, however, if the reinsurer is unable to meet its obligations, the Company retains the liability. Policyholders' liabilities under insurance contracts are derived from actual claims submitted which had not been settled as of September 30, 2015 and June 30, 2015, respectively, and represents management's estimate of the net present value of future claims and benefits under existing insurance contracts, offset by probable future premiums to be received (net of expected service cost). Assets and policy holder liabilities under investment contracts Summarized below is the movement in assets and policy holder liabilities under investment contracts during the three months ended September 30, 2015: Investment Assets (1) contracts (2) Balance as of June 30, 2015 $ 593 $ (593 ) Foreign currency adjustment (3) (73 ) 73 Balance as of September 30, 2015 $ 520 $ (520 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) The foreign currency adjustment represents the effects of the fluctuations between the ZAR against the U.S. dollar. The Company does not offer any investment products with guarantees related to capital or returns.

Short-Term Facilities

Short-Term Facilities	3 Months Ended
	Sep. 30, 2015
Short-Term Facilities [Abstract]
Short-Term Facilities	8. Short-term credit facility The Company's short-term credit facilities are described in Note 12 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2015. South Africa The Company's short-term South African credit facility with Nedbank Limited comprises an overdraft facility of up to ZAR 50 150 8.35 June 30, 2015 128.2 9.1 150 139.6 11.4 Korea The Company had not utilized any of its KRW 10 8.4 3.20

Long-Term Borrowings

Long-Term Borrowings	3 Months Ended
	Sep. 30, 2015
Long-Term Borrowings [Abstract]
Long-Term Borrowings	9. Long-term borrowings The Company's Korean senior secured loan facility is described in Note 13 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2015. The current carrying value as of September 30, 2015, is $ 60.0 4.74 Interest expense incurred during the three months ended September 30, 2015 and 2014, was $ 0.7 1.1 0.03 0.1 The next scheduled principal payment of $ 8.4

Capital Structure

Capital Structure	3 Months Ended
	Sep. 30, 2015
Capital Structure [Abstract]
Common Stock	10. Capital structure The following table presents reconciliation between the number of shares, net of treasury, presented in the unaudited condensed consolidated statement of changes in equity during the three months ended September 30, 2015 and 2014, respectively, and the number of shares, net of treasury, excluding non-vested equity shares that have not vested during the three months ended September 30, 2015 and 2014, respectively: Sept 30, Sept 30, 2015 2014 Number of shares, net of treasury: Statement of changes in equity 47,322,702 46,475,623 Less: Non-vested equity shares that have not vested (Note 12) (589,447 ) (453,333 ) Number of shares, net of treasury excluding non-vested equity shares that have not vested 46,733,255 46,022,290 Common stock repurchases and transaction with non-controlling interests The Company did not repurchase any of its shares during the three months ended September 30, 2015 and 2014, under its share repurchase authorization. However, on August 27, 2014, the Company entered into a Subscription and Sale of Shares Agreement with Business Venture Investments No 1567 Proprietary Limited (RF) ("BVI"), one of the Company's BEE partners, in preparation for any new potential SASSA tender. Pursuant to the agreement: (i) the Company repurchased BVI's remaining 1,837,432 97.4 9.2 12.5 15.0 1.4

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	11. Accumulated other comprehensive loss The table below presents the change in accumulated other comprehensive (loss) income per component during the three months ended September 30, 2015: Three months ended September 30, 2015 Accumulated Net unrealized Accumulated income on Foreign asset currency available for translation sale, net of reserve tax Total Balance as of June 30, 2015 $ (140,221 ) $ 1,040 $ (139,181 ) Movement in foreign currency translation reserve (43,414 ) - (43,414 ) Unrealized gain on asset available for sale, net of tax of $ 11 - 50 50 Balance as of September 30, 2015 $ (183,635 ) $ 1,090 $ (182,545 ) There were no

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Sep. 30, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	12. Stock-based compensation Stock option and restricted stock activity Options The following table summarizes stock option activity for the three months ended September 30, 2015 and 2014: Weighted Weighted Weighted Average Average average Remaining Aggregate Grant exercise Contractual Intrinsic Date Fair Number of price Term Value Value shares ($) (in years) ($' 000 ) ($) Outstanding – June 30, 2015 2,401,169 15.34 4.74 11,516 Exercised (323,645 ) 11.62 2,669 Outstanding – September 30, 2015 2,077,524 15.92 4.33 7,509 Outstanding – June 30, 2014 2,710,392 14.16 5.38 3,909 Granted under Plan: August 2014 464,410 11.23 10.00 2,113 4.55 Exercised (688,633 ) 8.24 3,697 Outstanding – September 30, 2014 2,486,169 15.24 5.45 1,820 No 250 no The table below presents the range of assumptions used to value options granted during the three months ended September 30, 2015 and 2014: Three months ended September 30, 2015 2014 Expected volatility n/a 60 % Expected dividends n/a 0 % Expected life (in years) n/a 3 Risk-free rate n/a 1.0 % There were no The following table presents stock options vested and expecting to vest as of September 30, 2015: Weighted Weighted Average average Remaining Aggregate exercise Contractual Intrinsic Number of price Term Value shares ($) (in years) ($' 000 ) Vested and expecting to vest – September 30, 2015 2,077,524 15.92 4.33 7,509 These options have an exercise price range of $ 7.35 24.46 The following table presents stock options that are exercisable as of September 30, 2015: Weighted Weighted Average average Remaining Aggregate exercise Contractual Intrinsic Number of price Term Value shares ($) (in years) ($' 000 ) Exercisable – September 30, 2015 1,764,931 16.93 3.55 5,496 During the three months ended September 30, 2015 and 2014, respectively, 330,967 273,633 3.8 323,645 1.0 116,395 572,238 336,584 Restricted stock The following table summarizes restricted stock activity for the three months ended September 30, 2015 and 2014: Weighted Number of Average Shares of Grant Date Restricted Fair Value Stock ($' 000 ) Non-vested – June 30, 2015 341,529 1,759 Granted – August 2015 319,492 581 Vested – August 2015 (71,574 ) 6,406 Non-vested – September 30, 2015 589,447 7,622 Non-vested – June 30, 2014 385,778 3,534 Granted – August 2014 141,707 581 Vested – August 2014 (74,152 ) 828 Non-vested – September 30, 2014 453,333 3,568 The August 2015 grants comprise 301,537 17,955 One-third of the shares will vest if the Company achieves 2018 Fundamental EPS of $ 2.88 Two-thirds of the shares will vest if the Company achieves 2018 Fundamental EPS of $ 3.30 All of the shares will vest if the Company achieves 2018 Fundamental EPS of $ 3.76 At levels of 2018 Fundamental EPS greater $ 2.88 3.76 3.30 The August 2014 grants comprise 127,626 14,081 19.41 30 The shares of restricted stock, other than the shares awarded to employees in August 2014, have been valued utilizing the closing price of the Company's stock quoted on The Nasdaq Global Select Market on the date of grant. The shares of restricted stock awarded to employees in August 2014 are effectively forward starting knock-in barrier options with a strike price of zero. The fair value of these shares of restricted stock was calculated utilizing an adjusted Monte Carlo simulation discounted cash flow model which was developed for the purpose of the valuation of these shares. For each simulated share price path, the market share price condition was evaluated to determine whether or not the shares would vest under that simulation. The "adjustment" to the Monte Carlo simulation model incorporates a "jump diffusion" process to the standard Geometric Brownian Motion simulation, in order to capture the discontinuous share price jumps observed in the Company's share price movements on stock exchanges on which it is listed. Therefore, the simulated share price paths capture the idiosyncrasies of the observed Company share price movements. In scenarios where the shares do not vest, the final vested value at maturity is zero. In scenarios where vesting occurs, the final vested value on maturity is the share price on vesting date. The value of the grant is the average of the discounted vested values. The Company used an expected volatility of 76.01 three 1.27 30 The fair value of restricted stock vesting during the three months ended September 30, 2015 and 2014, respectively, was $ 1.4 0.8 Stock-based compensation charge and unrecognized compensation cost The Company has recorded a stock-based compensation charge of $0.7 million and $0.9 million, respectively, during the three months ended September 30, 2015 and 2014, which comprised: Allocated to cost of goods sold, IT Allocated to processing, selling, general Total servicing and and charge support administration Three months ended September 30, 2015 Stock-based compensation charge $ 726 $ - $ 726 Total – three months ended September 30, 2015. $ 726 $ - $ 726 Three months ended September 30, 2014 Stock-based compensation charge $ 916 $ - $ 916 Total – three months ended September 30, 2014. $ 916 $ - $ 916 The stock-based compensation charges have been allocated to selling, general and administration based on the allocation of the cash compensation paid to the employees. As of September 30, 2015, the total unrecognized compensation cost related to stock options was approximately $ 1.5 three 1.2 two As of September 30, 2015 and June 30, 2015, respectively, the Company has recorded a deferred tax asset of approximately $ 1.5 1.6

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	13. Earnings per share Basic earnings per share include shares of restricted stock that meet the definition of a participating security because these shares are eligible to receive non-forfeitable dividend equivalents at the same rate as common stock. Basic earnings per share have been calculated using the two-class method and basic earnings per share for the three months ended September 30, 2015 and 2014, reflects only undistributed earnings. The computation below of basic earnings per share excludes the net income attributable to shares of unvested restricted stock (participating non-vested restricted stock) from the numerator and excludes the dilutive impact of these unvested shares of restricted stock from the denominator. Diluted earnings per share have been calculated to give effect to the number of shares of additional common stock that would have been outstanding if the potential dilutive instruments had been issued in each period. Stock options are included in the calculation of diluted earnings per share utilizing the treasury stock method and are not considered to be participating securities as the stock options do not contain non-forfeitable dividend rights. The calculation of diluted earnings per share includes the dilutive effect of a portion of the restricted stock granted to employees in February 2012, August 2013, August 2014, November 2014 and August 2015 as these shares of restricted stock are considered contingently returnable shares for the purposes of the diluted earnings per share calculation and the vesting conditions in respect of a portion of the restricted stock had been satisfied. The vesting conditions are discussed in Note 18 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2015. The following table presents net income attributable to Net1 (income from continuing operations) and the share data used in the basic and diluted earnings per share computations using the two-class method: Three months ended September 30, 2015 2014 (in thousands except percent and per share data) Numerator: Net income attributable to Net1 $ 23,020 $ 24,089 Undistributed earnings 23,020 24,089 Percent allocated to common shareholders (Calculation 1) 99 % 99 % Numerator for earnings per share: basic and diluted $ 22,817 $ 23,847 Denominator: Denominator for basic earnings per share: weighted-average common shares outstanding 46,209 46,751 Effect of dilutive securities: Stock options 460 109 Denominator for diluted earnings per share: adjusted weighted average common shares outstanding and assumed conversion 46,669 46,860 Earnings per share: Basic $ 0.49 $ 0.51 Diluted $ 0.49 $ 0.51 (Calculation 1) Basic weighted-average common shares outstanding (A) 46,209 46,751 Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B) 46,620 47,226 Percent allocated to common shareholders (A) / (B) 99 % 99 % Options to purchase 874,443 22.51 24.46

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	14. Supplemental cash flow information The following table presents supplemental cash flow disclosures for the three months ended September 30, 2015 and 2014: Three months ended September 30, 2015 2014 Cash received from interest $ 4,265 $ 4,163 Cash paid for interest $ 939 $ 1,218 Cash paid for income taxes $ 4,066 $ 5,160 The sale of the Company's NUETS business is described in Note 19 to its audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2015. The Company received cash sale proceeds of $ 1.9 As discussed in Note 12, during the three months ended September 30, 2014, employees exercised stock options through the delivery 336,584 13.93

Operating Segments

Operating Segments	3 Months Ended
	Sep. 30, 2015
Operating Segments [Abstract]
Operating Segments	15. Operating segments The Company discloses segment information as reflected in the management information systems reports that its chief operating decision maker uses in making decisions and to report certain entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets or reports material revenues. A description of the Company's operating segments is contained in Note 23 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2015. The reconciliation of the reportable segments revenue to revenue from external customers for the three months ended September 30, 2015 and 2014, respectively, is as follows: Revenue From Reportable Inter - external Segment segment customers South African transaction processing $ 55,639 $ 3,627 $ 52,012 International transaction processing 41,229 - 41,229 Financial inclusion and applied technologies 67,360 6,128 61,232 Total for the three months ended September 30, 2015 164,228 9,755 154,473 South African transaction processing 60,252 5,121 55,131 International transaction processing 43,204 - 43,204 Financial inclusion and applied technologies 65,197 7,091 58,106 Total for the three months ended September 30, 2014 $ 168,653 $ 12,212 $ 156,441 The Company does not allocate interest income, interest expense or income tax expense to its reportable segments. The Company evaluates segment performance based on segment operating income before acquisition-related intangible asset amortization which represents operating income before acquisition-related intangible asset amortization and allocation of expenses allocated to Corporate/Eliminations, all under GAAP. The reconciliation of the reportable segments measure of profit or loss to income before income taxes for the three months ended September 30, 2015 and 2014, respectively, is as follows: Three months ended September 30, 2015 2014 Reportable segments measure of profit or loss $ 36,608 $ 38,595 Operating income: Corporate/Eliminations (5,393 ) (5,470 ) Interest income 4,275 4,090 Interest expense (974 ) (1,312 ) Income before income taxes $ 34,516 $ 35,903 The following tables summarize segment information which is prepared in accordance with GAAP for the three months ended September 30, 2015 and 2014: Three months ended September 30, 2015 2014 Revenues South African transaction processing $ 55,639 $ 60,252 International transaction processing 41,229 43,204 Financial inclusion and applied technologies 67,360 65,197 Total 164,228 168,653 Operating income (loss) South African transaction processing 13,511 13,639 International transaction processing 6,543 7,349 Financial inclusion and applied technologies 16,554 17,607 Subtotal: Operating segments 36,608 38,595 Corporate/Eliminations (5,393 ) (5,470 ) Total 31,215 33,125 Depreciation and amortization South African transaction processing 1,795 1,722 International transaction processing 4,696 4,372 Financial inclusion and applied technologies 240 179 Subtotal: Operating segments 6,731 6,273 Corporate/Eliminations 3,384 3,901 Total 10,115 10,174 Expenditures for long-lived assets South African transaction processing 1,447 682 International transaction processing 8,038 8,327 Financial inclusion and applied technologies 1,213 369 Subtotal: Operating segments 10,698 9,378 Corporate/Eliminations - - Total $ 10,698 $ 9,378 The segment information as reviewed by the chief operating decision maker does not include a measure of segment assets per segment as all of the significant assets are used in the operations of all, rather than any one, of the segments. The Company does not have dedicated assets assigned to a particular operating segment. Accordingly, it is not meaningful to attempt an arbitrary allocation and segment asset allocation is therefore not presented. It is impractical to disclose revenues from external customers for each product and service or each group of similar products and services.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2015
Income Taxes [Abstract]
Income Taxes	16. Income tax Income tax in interim periods For the purposes of interim financial reporting, the Company determines the appropriate income tax provision by first applying the effective tax rate expected to be applicable for the full fiscal year to ordinary income. This amount is then adjusted for the tax effect of significant unusual or extraordinary items, for instance, changes in tax law, valuation allowances and non-deductible transaction-related expenses that are reported separately, and have an impact on the tax charge. The cumulative effect of any change in the enacted tax rate, if and when applicable, on the opening balance of deferred tax assets and liabilities is also included in the tax charge as a discrete event in the interim period in which the enactment date occurs. For the three months ended September 30, 2015, the tax charge was calculated using the expected effective tax rate for the year. The Company's effective tax rate for the three months ended September 30, 2015, was 31.6 The Company's effective tax rate for the three months ended September 30, 2014, was 32.4 Uncertain tax positions The Company increased its unrecognized tax benefits by approximately $ 0.1 2.3 The Company does not expect changes related to its unrecognized tax benefits will have a significant impact on its results of operations or financial position in the next 12 months. As of September 30, 2015 and June 30, 2015, the Company has unrecognized tax benefits of $ 2.4 2.3

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Sep. 30, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	17. Commitments and contingencies Guarantees The South African Revenue Service and certain of the Company's customers, suppliers and other business partners have asked the Company to provide them with guarantees, including standby letters of credit, issued by a South African bank. The Company is required to procure these guarantees for these third parties to operate its business. Nedbank has issued guarantees to these third parties amounting to ZAR 124.9 8.9 124.9 8.9 0.2 2.0 The Company has not recognized any obligation related to these counter-guarantees in its consolidated balance sheet as of September 30, 2015 and June 30, 2015. The maximum potential amount that the Company could pay under these guarantees is ZAR 124.9 8.9 Contingencies Dismissal of U.S. Securities Litigation On September 16, 2015, the United States District Court for the Southern District of New York dismissed the purported securities class action litigation originally filed on December 24, 2013, against the Company, its Chief Executive Officer and its Chief Financial Officer. In its opinion, the District Court provided plaintiff with 30 days to file a second amended complaint. This deadline passed without plaintiff taking any action. Accordingly, the case has been closed. Plaintiff may file a notice of appeal until November 23, 2015. The Company intends to vigorously defend any appeal of the District Court's ruling. The Company is subject to a variety of insignificant claims and suits that arise from time to time in the ordinary course of business. Management currently believes that the resolution of these matters, individually or in the aggregate, will not have a material adverse impact on the Company's financial position, results of operations or cash flows.

Basis Of Presentation And Sum25

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Sep. 30, 2015
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Recent Accounting Pronouncements, Adopted	Recent accounting pronouncements adopted There were no accounting pronouncements adopted during the three months ended September 30, 2015.
Recent Accounting Pronouncements, Not Yet Adopted	Recent accounting pronouncements not yet adopted as of September 30, 2015 In May 2014, the FASB issued guidance regarding Revenue from Contracts with Customers . This guidance requires an entity to recognize revenue when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The guidance was effective for the Company beginning July 1, 2017, however this date has been extended as per subsequent guidance issued by the FASB. Early adoption is not permitted. The Company expects that this guidance will have a material impact on its financial statements and is currently evaluating the impact of this guidance on its financial statements on adoption. In August 2015, the FASB issued guidance regarding Revenue from Contracts with Customers, Deferral of the Effective Date . This guidance defers the required implementation date specified in Revenue from Contracts with Customers to December 2017. Public companies may elect to adopt the standard along the original timeline. The Company expects that this guidance will have a material impact on its financial statements and is currently evaluating the impact of this guidance on its financial statements on adoption. In August 2014, the FASB issued guidance regarding Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern . This guidance requires an entity to perform interim and annual assessments of its ability to continue as a going concern within one year of the date that its financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity's ability to continue as a going concern. The guidance is effective for the Company beginning July 1, 2017. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure. In February 2015, the FASB issued guidance regarding Amendments to the Consolidation Analysis . This guidance amends both the variable interest entity and voting interest entity consolidation models. The requirement to assess an entity under a different consolidation model may change previous consolidation conclusions. The guidance is effective for the Company beginning July 1, 2016. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure. In July 2015, the FASB issued guidance regarding Simplifying the Measurement of Inventory . This guidance requires entities to measure most inventory "at the lower of cost and net realizable value," thereby simplifying the current guidance under which an entity must measure inventory at the lower of cost or market (market in this context is defined as one of three different measures). The guidance will not apply to inventories that are measured by using either the last-in, first-out ("LIFO") method or the retail inventory method ("RIM"). The guidance is effective for the Company beginning July 1, 2017. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Sep. 30, 2015
Inventory [Abstract]
Schedule Of Inventory By Categories	September 30, June 30, 2015 2015 Finished goods $ 12,335 $ 12,979 $ 12,335 $ 12,979

Fair Value Of Financial Instr27

Fair Value Of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2015
Fair Value Of Financial Instruments [Abstract]
Outstanding Foreign Exchange Contracts	The Company's outstanding foreign exchange contracts are as follows: As of September 30, 2015 Fair market Notional amount Strike price value price Maturity EUR 526,263.00 ZAR 15.3809 ZAR15.5532 October 20, 2015 EUR 509,516.00 ZAR 15.4728 ZAR15.6435 November 20, 2015 EUR 529,865.00 ZAR 15.5654 ZAR15.7402 December 21, 2015 EUR 526,663.00 ZAR 15.6625 ZAR15.8358 January 20, 2016 As of June 30, 2015 Fair market Notional amount Strike price value price Maturity EUR 526,263.00 ZAR 15.1145 ZAR 13.6275 July 20, 2015 EUR 526,263.00 ZAR 15.2025 ZAR 13.7062 August 20, 2015 EUR 526,263.00 ZAR 15.2944 ZAR 13.7898 September 21, 2015 EUR 526,263.00 ZAR 15.3809 ZAR 13.8683 October 20, 2015 EUR 509,516.00 ZAR 15.4728 ZAR 13.9540 November 20, 2015 EUR 529,865.00 ZAR 15.5654 ZAR 14.0397 December 21, 2015 EUR 526,663.00 ZAR 15.6625 ZAR 14.1239 January 20, 2016
Fair Value Of Assets And Liabilities Measured On Recurring Basis	The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of September 30, 2015, according to the fair value hierarchy: Quoted Price in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Total Assets Related to insurance business (included in other long-term assets): Cash and cash equivalents $ 1,884 $ - $ - $ 1,884 Investment in Finbond (available for sale assets included in other long-term assets) - - 6,618 6,618 Other - 1,069 - 1,069 Total assets at fair value $ 1,884 $ 1,069 $ 6,618 $ 9,571 The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2015, according to the fair value hierarchy: Quoted Price in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Total Assets Related to insurance business (included in other long-term assets): Cash and cash equivalents $ 1,640 $ - $ - $ 1,640 Investment in Finbond (available for sale assets included in other long-term assets) - - 7,488 7,488 Other - 1,259 - 1,259 Total assets at fair value $ 1,640 $ 1,259 $ 7,488 $ 10,387 Liabilities Foreign exchange contracts $ - $ 452 $ - $ 452 Total liabilities at fair value $ - $ 452 $ - $ 452

Goodwill And Intangible Asset28

Goodwill And Intangible Assets, Net (Tables)	3 Months Ended
	Sep. 30, 2015
Goodwill And Intangible Assets, Net [Abstract]
Carrying Value Of Goodwill	Accumulated Carrying Gross value impairment value Balance as of June 30, 2015 $ 166,437 $ - $ 166,437 Foreign currency adjustment (1) (12,143 ) - (12,143 ) Balance as of September 30, 2015 $ 154,294 $ - $ 154,294 (1) – The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Korean won, and the U.S. dollar on the carrying value.
Goodwill Allocated To Reportable Segments	South Financial African International inclusion and transaction transaction applied Carrying processing processing technologies value Balance as of June 30, 2015 $ 24,579 $ 115,519 $ 26,339 $ 166,437 Foreign currency adjustment (1) (3,053 ) (6,537 ) (2,553 ) (12,143 ) Balance as of September 30, 2015 $ 21,526 $ 108,982 $ 23,786 $ 154,294 (1) The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Korean won, and the U.S. dollar on the carrying value.
Carrying Value And Accumulated Amortization Of Intangible Assets	As of September 30, 2015 As of June 30, 2015 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying value amortization value value amortization value Finite-lived intangible assets: Customer relationships $ 82,160 $ (44,008 ) $ 38,152 $ 88,109 $ (45,312 ) $ 42,797 Software and unpatented technology 27,872 (27,491 ) 381 29,964 (28,323 ) 1,641 FTS patent 2,731 (2,731 ) - 3,119 (3,119 ) - Exclusive licenses 4,506 (4,506 ) - 4,506 (4,506 ) - Trademarks 5,589 (3,260 ) 2,329 6,094 (3,408 ) 2,686 Total finite-lived intangible assets $ 122,858 $ (81,996 ) $ 40,862 $ 131,792 $ (84,668 ) $ 47,124
Future Estimated Annual Amortization Expense	2016 $ 10,105 2017 7,929 2018 7,928 2019 7,634 2020 7,463 Thereafter $ 3,088

Reinsurance Assets And Policy29

Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts (Tables)	3 Months Ended
	Sep. 30, 2015
Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts [Abstract]
Summary Of The Movement In Reinsurance Assets And Policy Holder Liabilities Under Insurance Contracts	Reinsurance Insurance assets (1) contracts (2) Balance as of June 30, 2015 $ 183 $ (567 ) Foreign currency adjustment (3) (23 ) 71 Balance as of September 30, 2015 $ 160 $ (496 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) The foreign currency adjustment represents the effects of the fluctuations between the ZAR against the U.S. dollar.
Summary Of Movement In Assets And Policy Holder Liabilities Under Investment Contracts	Investment Assets (1) contracts (2) Balance as of June 30, 2015 $ 593 $ (593 ) Foreign currency adjustment (3) (73 ) 73 Balance as of September 30, 2015 $ 520 $ (520 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) The foreign currency adjustment represents the effects of the fluctuations between the ZAR against the U.S. dollar.

Capital Structure (Tables)

Capital Structure (Tables)	3 Months Ended
	Sep. 30, 2015
Capital Structure [Abstract]
Number Of Shares, Net Of Treasury	Sept 30, Sept 30, 2015 2014 Number of shares, net of treasury: Statement of changes in equity 47,322,702 46,475,623 Less: Non-vested equity shares that have not vested (Note 12) (589,447 ) (453,333 ) Number of shares, net of treasury excluding non-vested equity shares that have not vested 46,733,255 46,022,290

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Changes In Accumulated Other Comprehensive (Loss) Income	Three months ended September 30, 2015 Accumulated Net unrealized Accumulated income on Foreign asset currency available for translation sale, net of reserve tax Total Balance as of June 30, 2015 $ (140,221 ) $ 1,040 $ (139,181 ) Movement in foreign currency translation reserve (43,414 ) - (43,414 ) Unrealized gain on asset available for sale, net of tax of $ 11 - 50 50 Balance as of September 30, 2015 $ (183,635 ) $ 1,090 $ (182,545 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2015
Stock-Based Compensation [Abstract]
Summarized Stock Option Activity	Weighted Weighted Weighted Average Average average Remaining Aggregate Grant exercise Contractual Intrinsic Date Fair Number of price Term Value Value shares ($) (in years) ($' 000 ) ($) Outstanding – June 30, 2015 2,401,169 15.34 4.74 11,516 Exercised (323,645 ) 11.62 2,669 Outstanding – September 30, 2015 2,077,524 15.92 4.33 7,509 Outstanding – June 30, 2014 2,710,392 14.16 5.38 3,909 Granted under Plan: August 2014 464,410 11.23 10.00 2,113 4.55 Exercised (688,633 ) 8.24 3,697 Outstanding – September 30, 2014 2,486,169 15.24 5.45 1,820 Weighted Weighted Average average Remaining Aggregate exercise Contractual Intrinsic Number of price Term Value shares ($) (in years) ($' 000 ) Vested and expecting to vest – September 30, 2015 2,077,524 15.92 4.33 7,509 Weighted Weighted Average average Remaining Aggregate exercise Contractual Intrinsic Number of price Term Value shares ($) (in years) ($' 000 ) Exercisable – September 30, 2015 1,764,931 16.93 3.55 5,496
Range Of Assumptions Used To Value Options Granted	Three months ended September 30, 2015 2014 Expected volatility n/a 60 % Expected dividends n/a 0 % Expected life (in years) n/a 3 Risk-free rate n/a 1.0 %
Restricted Stock Activity	Weighted Number of Average Shares of Grant Date Restricted Fair Value Stock ($' 000 ) Non-vested – June 30, 2015 341,529 1,759 Granted – August 2015 319,492 581 Vested – August 2015 (71,574 ) 6,406 Non-vested – September 30, 2015 589,447 7,622 Non-vested – June 30, 2014 385,778 3,534 Granted – August 2014 141,707 581 Vested – August 2014 (74,152 ) 828 Non-vested – September 30, 2014 453,333 3,568
Recorded Net Stock Compensation Charge	Allocated to cost of goods sold, IT Allocated to processing, selling, general Total servicing and and charge support administration Three months ended September 30, 2015 Stock-based compensation charge $ 726 $ - $ 726 Total – three months ended September 30, 2015. $ 726 $ - $ 726 Three months ended September 30, 2014 Stock-based compensation charge $ 916 $ - $ 916 Total – three months ended September 30, 2014. $ 916 $ - $ 916

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, 2015 2014 (in thousands except percent and per share data) Numerator: Net income attributable to Net1 $ 23,020 $ 24,089 Undistributed earnings 23,020 24,089 Percent allocated to common shareholders (Calculation 1) 99 % 99 % Numerator for earnings per share: basic and diluted $ 22,817 $ 23,847 Denominator: Denominator for basic earnings per share: weighted-average common shares outstanding 46,209 46,751 Effect of dilutive securities: Stock options 460 109 Denominator for diluted earnings per share: adjusted weighted average common shares outstanding and assumed conversion 46,669 46,860 Earnings per share: Basic $ 0.49 $ 0.51 Diluted $ 0.49 $ 0.51 (Calculation 1) Basic weighted-average common shares outstanding (A) 46,209 46,751 Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B) 46,620 47,226 Percent allocated to common shareholders (A) / (B) 99 % 99 %

Supplemental Cash Flow Inform34

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow Disclosures	Three months ended September 30, 2015 2014 Cash received from interest $ 4,265 $ 4,163 Cash paid for interest $ 939 $ 1,218 Cash paid for income taxes $ 4,066 $ 5,160

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Sep. 30, 2015
Operating Segments [Abstract]
Reconciliation Of Reportable Segments Revenue	Revenue From Reportable Inter - external Segment segment customers South African transaction processing $ 55,639 $ 3,627 $ 52,012 International transaction processing 41,229 - 41,229 Financial inclusion and applied technologies 67,360 6,128 61,232 Total for the three months ended September 30, 2015 164,228 9,755 154,473 South African transaction processing 60,252 5,121 55,131 International transaction processing 43,204 - 43,204 Financial inclusion and applied technologies 65,197 7,091 58,106 Total for the three months ended September 30, 2014 $ 168,653 $ 12,212 $ 156,441
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income	Three months ended September 30, 2015 2014 Reportable segments measure of profit or loss $ 36,608 $ 38,595 Operating income: Corporate/Eliminations (5,393 ) (5,470 ) Interest income 4,275 4,090 Interest expense (974 ) (1,312 ) Income before income taxes $ 34,516 $ 35,903
Summary Of Segment Information	Three months ended September 30, 2015 2014 Revenues South African transaction processing $ 55,639 $ 60,252 International transaction processing 41,229 43,204 Financial inclusion and applied technologies 67,360 65,197 Total 164,228 168,653 Operating income (loss) South African transaction processing 13,511 13,639 International transaction processing 6,543 7,349 Financial inclusion and applied technologies 16,554 17,607 Subtotal: Operating segments 36,608 38,595 Corporate/Eliminations (5,393 ) (5,470 ) Total 31,215 33,125 Depreciation and amortization South African transaction processing 1,795 1,722 International transaction processing 4,696 4,372 Financial inclusion and applied technologies 240 179 Subtotal: Operating segments 6,731 6,273 Corporate/Eliminations 3,384 3,901 Total 10,115 10,174 Expenditures for long-lived assets South African transaction processing 1,447 682 International transaction processing 8,038 8,327 Financial inclusion and applied technologies 1,213 369 Subtotal: Operating segments 10,698 9,378 Corporate/Eliminations - - Total $ 10,698 $ 9,378

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventory By Categories) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Inventory [Abstract]
Finished goods	$ 12,335	$ 12,979
Inventory	$ 12,335	$ 12,979	[1]
[1]	Derived from audited financial statements

Fair Value Of Financial Instr37

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Fair Value Of Financial Instruments [Abstract]
Years of significant fluctuation of US Dollar to ZAR exchange rate	3 years
Equity method investment, shares	156,788,712
Percentage of total assets represented by acquisition of share capital.	1.00%
Transfers in or out of Level 3	$ 0	$ 0
Impairment charges	$ 0	$ 0

Fair Value Of Financial Instr38

Fair Value Of Financial Instruments (Outstanding Foreign Exchange Contracts) (Details)	3 Months Ended	12 Months Ended
	Sep. 30, 2015EUR (€)ZAR / item	Jun. 30, 2015EUR (€)ZAR / item	Sep. 30, 2015ZAR / shares	Jun. 30, 2015ZAR / shares
Foreign Exchange Contract 1 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €	€ 526,263	€ 526,263
Strike price (ZAR) | ZAR / item	15.3809	15.1145
Fair market value price (ZAR)			ZAR 15.5532	ZAR 13.6275
Maturity	Oct. 20, 2015	Jul. 20, 2015
Foreign Exchange Contract 2 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €	€ 509,516	€ 526,263
Strike price (ZAR) | ZAR / item	15.4728	15.2025
Fair market value price (ZAR)			15.6435	13.7062
Maturity	Nov. 20, 2015	Aug. 20, 2015
Foreign Exchange Contract 3 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €	€ 529,865	€ 526,263
Strike price (ZAR) | ZAR / item	15.5654	15.2944
Fair market value price (ZAR)			15.7402	13.7898
Maturity	Dec. 21, 2015	Sep. 21, 2015
Foreign Exchange Contract 4 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €	€ 526,663	€ 526,263
Strike price (ZAR) | ZAR / item	15.6625	15.3809
Fair market value price (ZAR)			ZAR 15.8358	13.8683
Maturity	Jan. 20, 2016	Oct. 20, 2015
Foreign Exchange Contract 5 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €		€ 509,516
Strike price (ZAR) | ZAR / item		15.4728
Fair market value price (ZAR)				13.9540
Maturity		Nov. 20, 2015
Foreign Exchange Contract 6 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €		€ 529,865
Strike price (ZAR) | ZAR / item		15.5654
Fair market value price (ZAR)				14.0397
Maturity		Dec. 21, 2015
Foreign Exchange Contract 7 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | €		€ 526,663
Strike price (ZAR) | ZAR / item		15.6625
Fair market value price (ZAR)				ZAR 14.1239
Maturity		Jan. 20, 2016

Fair Value Of Financial Instr39

Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 1,884	$ 1,640
Investments in Finbond (available for sale assets included in other long-term assets)	6,618	7,488
Other	1,069	1,259
Total assets at fair value	9,571	10,387
Foreign exchange contracts		452
Total liabilities at fair value		452
Quoted Price In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	1,884	1,640
Total assets at fair value	1,884	1,640
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other	1,069	1,259
Total assets at fair value	1,069	1,259
Foreign exchange contracts		452
Total liabilities at fair value		452
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in Finbond (available for sale assets included in other long-term assets)	6,618	7,488
Total assets at fair value	$ 6,618	$ 7,488

Goodwill And Intangible Asset40

Goodwill And Intangible Assets, Net (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Goodwill And Intangible Assets, Net [Abstract]
Amortization expense charged	$ 3.3	$ 3.9

Goodwill And Intangible Asset41

Goodwill And Intangible Assets, Net (Carrying Value Of Goodwill) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)
Goodwill And Intangible Assets, Net [Abstract]
Gross value, Beginning Balance	$ 166,437
Gross value, Foreign currency adjustment	(12,143)	[1]
Gross value, Ending Balance	154,294
Carrying value, Beginning Balance	166,437	[2]
Carrying value, Foreign currency adjustment	(12,143)	[1]
Carrying value, Ending Balance	$ 154,294
[1]	The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Korean won, and the U.S. dollar on the carrying value.
[2]	Derived from audited financial statements

Goodwill And Intangible Asset42

Goodwill And Intangible Assets, Net (Goodwill Allocated To Reportable Segments) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)
Goodwill [Line Items]
Carrying value, Beginning Balance	$ 166,437	[1]
Carrying value, Foreign currency adjustment	(12,143)	[2]
Carrying value, Ending Balance	154,294
South African Transaction Processing [Member]
Goodwill [Line Items]
Carrying value, Beginning Balance	24,579
Carrying value, Foreign currency adjustment	(3,053)
Carrying value, Ending Balance	21,526
International Transaction Processing [Member]
Goodwill [Line Items]
Carrying value, Beginning Balance	115,519
Carrying value, Foreign currency adjustment	(6,537)
Carrying value, Ending Balance	108,982
Financial Inclusion And Applied Technology [Member]
Goodwill [Line Items]
Carrying value, Beginning Balance	26,339
Carrying value, Foreign currency adjustment	(2,553)
Carrying value, Ending Balance	$ 23,786
[1]	Derived from audited financial statements
[2]	The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Korean won, and the U.S. dollar on the carrying value.

Goodwill And Intangible Asset43

Goodwill And Intangible Assets, Net (Carrying Value And Accumulated Amortization Of Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 122,858	$ 131,792
Accumulated amortization	(81,996)	(84,668)
Net carrying value	40,862	47,124	[1]
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	82,160	88,109
Accumulated amortization	(44,008)	(45,312)
Net carrying value	38,152	42,797
Software And Unpatented Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	27,872	29,964
Accumulated amortization	(27,491)	(28,323)
Net carrying value	381	1,641
FTS Patent [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	2,731	3,119
Accumulated amortization	(2,731)	(3,119)
Exclusive Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	4,506	4,506
Accumulated amortization	(4,506)	(4,506)
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	5,589	6,094
Accumulated amortization	(3,260)	(3,408)
Net carrying value	$ 2,329	$ 2,686
[1]	Derived from audited financial statements

Goodwill And Intangible Asset44

Goodwill And Intangible Assets, Net (Future Estimated Annual Amortization Expense) (Details) $ in Thousands	Sep. 30, 2015USD ($)
Goodwill And Intangible Assets, Net [Abstract]
2,016	$ 10,105
2,017	7,929
2,018	7,928
2,019	7,634
2,020	7,463
Thereafter	$ 3,088

Reinsurance Assets And Policy45

Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts (Summary Of The Movement In Reinsurance Assets And Policy Holder Liabilities Under Insurance Contracts) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)
Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts [Abstract]
Reinsurance assets, Beginning Balance	$ 183	[1]
Reinsurance assets, Foreign currency adjustment	(23)	[1],[2]
Reinsurance assets, Ending Balance	160	[1]
Insurance contracts, Beginning Balance	(567)	[3]
Insurance contracts, Foreign currency adjustment	71	[2],[3]
Insurance contracts, Ending Balance	$ (496)	[3]
[1]	Included in other long-term assets.
[2]	The foreign currency adjustment represents the effects of the fluctuations between the ZAR against the U.S. dollar.
[3]	Included in other long-term liabilities.

Reinsurance Assets And Policy46

Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts (Summary Of Movement In Assets And Policy Holder Liabilities Under Investment Contracts) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)
Reinsurance Assets And Policy Holder Liabilities Under Insurance And Investment Contracts [Abstract]
Assets, Beginning Balance	$ 593	[1]
Assets, Foreign currency adjustment	(73)	[1],[2]
Assets, Ending Balance	520	[1]
Investment contracts, Beginning Balance	(593)	[3]
Investment contracts, Foreign currency adjustment	73	[2],[3]
Investment contracts, Ending Balance	$ (520)	[3]
[1]	Included in other long-term assets.
[2]	The foreign currency adjustment represents the effects of the fluctuations between the ZAR against the U.S. dollar.
[3]	Included in other long-term liabilities.

Short-Term Facilities (Details)

Short-Term Facilities (Details) ZAR in Millions, $ in Millions, ₩ in Billions	Sep. 30, 2015KRW (₩)	Sep. 30, 2015ZAR	Sep. 30, 2015USD ($)	Jun. 30, 2015ZAR	Jun. 30, 2015USD ($)
South African Credit Facility [Member]
Short-term Debt [Line Items]
Maximum borrowing capacity		ZAR 150
Amount utilized		128.2	$ 9.1	ZAR 139.6	$ 11.4
Bank Overdrafts Facility [Member]
Short-term Debt [Line Items]
Maximum borrowing capacity		50
Amount utilized		ZAR 0		ZAR 0
Short term interest rate	8.35%	8.35%	8.35%
South Korea, Hana Bank Overdraft Facility [Member]
Short-term Debt [Line Items]
Maximum borrowing capacity	₩ 10		$ 8.4
Short term interest rate	3.20%	3.20%	3.20%

Long-Term Borrowings (Details)

Long-Term Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Long-Term Borrowings [Abstract]
Interest rate on credit facility	4.74%
Amortization of fees	$ 30	$ 100
Interest expense	700	$ 1,100
Principal repayment	8,400
Long-term borrowings	$ 60,000

Capital Structure (Details)

Capital Structure (Details) ZAR in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2015ZARshares	Sep. 30, 2015USD ($)shares	Sep. 30, 2015USD ($)
Capital Structure [Abstract]
Number of shares repurchased	1,837,432	1,837,432
Cost of stock repurchased	ZAR 97.4	$ 9.2
Percentage of ordinary shares oustanding after subscription	12.50%	12.50%
Subscription of shares, value	ZAR 15		$ 1.4

Capital Structure (Schedule Of

Capital Structure (Schedule Of Number Of Shares, Net Of Treasury) (Details) - shares	Sep. 30, 2015	Sep. 30, 2014
Capital Structure [Abstract]
Number of shares, net of treasury	47,322,702	46,475,623
Less: Non-vested equity shares that have not vested (Note 12)	(589,447)	(453,333)
Number of shares, net of treasury excluding non-vested equity shares that have not vested	46,733,255	46,022,290

Accumulated Other Comprehensi51

Accumulated Other Comprehensive Loss (Changes In Accumulated Other Comprehensive (Loss) Income) (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	[1]	$ (139,181)
Movement in foreign currency translation reserve		(43,414)
Unrealized gain on asset available for sale, net of tax of $11		50	$ (226)
Ending Balance		(182,545)
Reclassification from accumulated other comprehensive (loss) income		0	$ 0
Other comprehensive income (loss), available-for-sale securities, tax		11
Foreign Currency Translation Reserve [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		(140,221)
Movement in foreign currency translation reserve		(43,414)
Ending Balance		(183,635)
Net Unrealized Income (Loss) On Asset Available For Sale, Net Of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		1,040
Unrealized gain on asset available for sale, net of tax of $11		50
Ending Balance		$ 1,090
[1]	Derived from audited financial statements

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	Sep. 09, 2014	Aug. 31, 2015	Aug. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			464,410
Exercisable stock options				330,967	273,633
Stock-based compensation charge				$ 726,000	$ 916,000
Share-based compensation, number of shares exercised				323,645	688,633
Forfeitures, Number of shares			0	0
Deferred tax asset				$ 1,500,000		$ 1,600,000
Exercised of stock option, shares	$ 572,238			$ 3,762,000
Common stock, shares issued	336,584			47,322,702		46,679,565
Risk-free rate					1.00%
Expected volatility					60.00%
Period of trading days to the trigger events			30 days
Expected volatility calculation term				250 days
Closing price, per share			$ 19.41
Restricted Stock [Member] | Non-employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares		17,955
Restricted Stock [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares		301,537
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares				0
Proceeds from exercise of stock options					$ 1,000,000
Share-based compensation, number of shares exercised					116,395
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options				$ 3,800,000
Share-based compensation, number of shares exercised				323,645
Unrecognized compensation cost				$ 1,500,000
Unrecognized compensation cost, expected recognition period, years				3 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares				319,492	141,707
Unrecognized compensation cost				$ 1,200,000
Unrecognized compensation cost, expected recognition period, years				2 years
Risk-free rate			1.27%
Expected volatility			76.01%
Expected volatility calculation term			30 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value				$ 1,400,000	$ 800,000
Restricted Stock [Member] | Non-employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			14,081
Restricted Stock [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares			127,626
2018 Fundamental EPS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, linear interpolation				$ 3.30
2018 Fundamental EPS [Member] | Restricted Stock [Member] | One-Third Shares Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, to be achieved				2.88
2018 Fundamental EPS [Member] | Restricted Stock [Member] | Two-Thirds Shares Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, to be achieved				3.30
2018 Fundamental EPS [Member] | Restricted Stock [Member] | All Shares Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, to be achieved				3.76
Maximum [Member] | 2018 Fundamental EPS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS				3.76
Minimum [Member] | 2018 Fundamental EPS [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS				$ 2.88

Stock-Based Compensation (Summa

Stock-Based Compensation (Summarized Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Aug. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of shares, Beginning Balance		2,401,169	2,710,392	2,710,392
Exercised, Number of shares		(323,645)	(688,633)
Granted, Number of Shares of Restricted Stock	464,410
Forfeitures, Number of shares	0	0
Outstanding, Number of shares, Ending Balance		2,077,524	2,486,169	2,401,169	2,710,392
Exercisable, Number of Shares		1,764,931
Vested and expecting to vest, Number of shares		2,077,524
Outstanding, Weighted average exercise price, Beginning Balance		$ 15.34	$ 14.16	$ 14.16
Exercised, Weighted average exercise price		11.62	8.24
Granted under Plan, Weighted average exercise price	$ 11.23
Outstanding, Weighted average exercise price, Ending Balance		15.92	$ 15.24	$ 15.34	$ 14.16
Exercisable, Weighted average exercise price		16.93
Vested and expecting to vest, Weighted average exercise price		$ 15.92
Granted under Plan, Weighted Average Remaining Contractual Term (in years)	10 years
Options granted under plan, Weighted average remaining contractual term		4 years 3 months 29 days	5 years 5 months 12 days	4 years 8 months 27 days	5 years 4 months 17 days
Exercisable, Weighted Average Remaining Contractual Term (in years)		3 years 6 months 18 days
Vested and expecting to vest, Weighted Average Remaining Contractual Term (in years)		4 years 3 months 29 days
Outstanding, Aggregate Intrinsic Value, Beginning Balance		$ 11,516	$ 3,909	$ 3,909
Exercised, Aggregate Intrinsic Value		2,669	3,697
Granted under Plan, Aggregate Intrinsic Value	$ 2,113
Outstanding, Aggregate Intrinsic Value, Ending Balance		7,509	$ 1,820	$ 11,516	$ 3,909
Exercisable, Aggregate Intrinsic Value		5,496
Vested and expecting to vest, Aggregate Intrinsic Value		$ 7,509
Granted under Plan: August 2014, Weighted Average Grant Date Fair Value	$ 4.55
Options exercise price range, lower limit		$ 7.35
Options exercise price range, upper limit		24.46
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercise price range, lower limit		22.51
Options exercise price range, upper limit		$ 24.46

Stock-Based Compensation (Range

Stock-Based Compensation (Range Of Assumptions Used To Value Options Granted) (Details)	1 Months Ended	3 Months Ended
	Aug. 31, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility			60.00%
Expected dividends			0.00%
Expected life (in years)			3 years
Risk-free rate			1.00%
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	76.01%
Expected life (in years)	3 years
Risk-free rate	1.27%

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Activity) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Aug. 31, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of Shares of Restricted Stock	464,410
Non-vested, Number of Shares of Restricted Stock, Ending Balance		(589,447)	(453,333)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Number of Shares of Restricted Stock, Beginning Balance		341,529	385,778
Granted, Number of Shares of Restricted Stock		319,492	141,707
Vested, Number of Shares of Restricted Stock		(71,574)	(74,152)
Non-vested, Number of Shares of Restricted Stock, Ending Balance		589,447	453,333
Non-vested, Weighted Average Grant Date Fair Value, Beginning Balance		$ 1,759	$ 3,534
Granted, Weighted Average Grant Date Fair Value		581	581
Vested, Weighted Average Grant Date Fair Value		6,406	828
Non-vested, Weighted Average Grant Date Fair Value, Ending Balance		$ 7,622	$ 3,568

Stock-Based Compensation (Recor

Stock-Based Compensation (Recorded Net Stock Compensation Charge) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charge	$ 726	$ 916
Total	$ 726	$ 916
Allocated To Cost Of Goods Sold, IT Processing, Servicing And Support [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charge
Total
Allocated To Selling, General And Administration [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation charge	$ 726	$ 916
Total	$ 726	$ 916

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details)	3 Months Ended
	Sep. 30, 2015$ / sharesshares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options exercise price range, lower limit	$ 7.35
Options exercise price range, upper limit	$ 24.46
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options outstanding not included in computation of diluted earings per share | shares	874,443

Earnings Per Share (Income From

Earnings Per Share (Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share Computations) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Net income attributable to Net1	$ 23,020	$ 24,089
Undistributed earnings	$ 23,020	$ 24,089
Percent allocated to common shareholders (Calculation 1)	99.00%	99.00%
Numerator for earnings per share: basic and diluted	$ 22,817	$ 23,847
Denominator for basic earnings per share: weighted-average common shares outstanding	46,209	46,751
Effect of dilutive securities: Stock options	460	109
Denominator for diluted earnings per share: adjusted weighted average common shares outstanding and assumed conversion	46,669	46,860
Earnings per share: Basic	$ 0.49	$ 0.51
Earnings per share: Diluted	$ 0.49	$ 0.51
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)	46,620	47,226

Supplemental Cash Flow Inform59

Supplemental Cash Flow Information (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Jul. 31, 2014	Sep. 30, 2014	Sep. 30, 2015	Jun. 30, 2015	Sep. 09, 2014
Supplemental Cash Flow Information [Abstract]
Common stock, shares issued			47,322,702	46,679,565	336,584
Closing price, per share					$ 13.93
Proceeds from sale of business	$ 1,900	$ 1,895

Supplemental Cash Flow Inform60

Supplemental Cash Flow Information (Schedule Of Supplemental Cash Flow Disclosures) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]
Cash received from interest	$ 4,265	$ 4,163
Cash paid for interest	939	1,218
Cash paid for income taxes	$ 4,066	$ 5,160

Operating Segments (Reconciliat

Operating Segments (Reconciliation Of Reportable Segments Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 154,473	$ 156,441
South African Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	52,012	55,131
International Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	41,229	43,204
Financial Inclusion And Applied Technology [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	61,232	58,106
Reportable Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	164,228	168,653
Reportable Segment [Member] | South African Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	55,639	60,252
Reportable Segment [Member] | International Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	41,229	43,204
Reportable Segment [Member] | Financial Inclusion And Applied Technology [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	67,360	65,197
Inter-Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	(9,755)	(12,212)
Inter-Segment [Member] | South African Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	(3,627)	(5,121)
Inter-Segment [Member] | Financial Inclusion And Applied Technology [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ (6,128)	$ (7,091)

Operating Segments (Reconcili62

Operating Segments (Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)	$ 31,215	$ 33,125
Interest income	4,275	4,090
Interest expense	(974)	(1,312)
Income before income taxes	34,516	35,903
Reportable Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)	36,608	38,595
Inter-Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)	$ (5,393)	$ (5,470)

Operating Segments (Summary Of

Operating Segments (Summary Of Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 154,473	$ 156,441
Operating income (loss)	31,215	33,125
Depreciation and amortization	10,115	10,174
Expenditures for long-lived assets	10,698	9,378
Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues	164,228	168,653
Operating income (loss)	36,608	38,595
Depreciation and amortization	6,731	6,273
Expenditures for long-lived assets	10,698	9,378
Inter-Segment [Member]
Segment Reporting Information [Line Items]
Revenues	(9,755)	(12,212)
Operating income (loss)	(5,393)	(5,470)
Depreciation and amortization	3,384	3,901
South African Transaction Processing [Member] | Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues	55,639	60,252
Operating income (loss)	13,511	13,639
Depreciation and amortization	1,795	1,722
Expenditures for long-lived assets	1,447	682
International Transaction Processing [Member] | Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues	41,229	43,204
Operating income (loss)	6,543	7,349
Depreciation and amortization	4,696	4,372
Expenditures for long-lived assets	8,038	8,327
Financial Inclusion And Applied Technology [Member] | Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues	67,360	65,197
Operating income (loss)	16,554	17,607
Depreciation and amortization	240	179
Expenditures for long-lived assets	$ 1,213	$ 369

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Income Taxes [Abstract]
Effective tax rate	31.60%	32.40%
Unrecognized tax benefit	$ 2.4		$ 2.3
Decrease in unrecognized tax benefits	0.1
Accrued interest related to uncertain tax positions	$ 2.3

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details) - 3 months ended Sep. 30, 2015 ZAR in Millions, $ in Millions	ZAR	USD ($)
Guarantor Obligations [Line Items]
Guarantee amount	ZAR 124.9	$ 8.9
Maximum payment amount under guarantee	ZAR 124.9	8.9
Payment Guarantee [Member]
Guarantor Obligations [Line Items]
Charge rate, minimum	2.00%
Charge rate, maximum	0.20%
Nedbank [Member]
Guarantor Obligations [Line Items]
Guarantee amount	ZAR 124.9	$ 8.9