Lesaka (LSAK) 10-Q 2022 Q2 Quarterly report

1

Exhibit 31.1

CERTIFICATIONOF PRINCIPALEXECUTIVE OFFICER

PURSUANT TO RULES 13A-14(A) AND 15D-14(A)

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

I, Chris G.B. Meyer,certify that:

1.

I

have

reviewed

this

quarterly

report

on

Form

10

-

Q

of

Net

1

UEPS

Technologies,

Inc.

(“Net1”)

for

the

quarter

ended

December

31, 2021;

2.

Based

on

my

knowledge,

this

report

does

not

contain

any

untrue

statement

of

a

material

fact

or

omit

to

state

a

material

fact

necessary tomake thestatements made,in lightof thecircumstances underwhich suchstatements weremade, notmisleading with

respect to the period covered by this report;

3.

Based

on

my

knowledge,

the

financial

statements,

and

other

financial

information

included

in

this

report,

fairly

present

in

all

materialrespectsthefinancialcondition,resultsof operationsandcash flowsof Net1as of,and for,the periodspresentedinthis

report;

4.

I

am

responsible

for

establishing

and

maintaining

disclosure

controls

and

procedures

(as

defined

in

Exchange

Act

Rules

13a

-

15(e)and 15d-15(e))andinternal controlover financialreporting (asdefinedin ExchangeAct Rules13a-15(f)and 15d-15(f))for

Net1 and have:

(a)

Designed

such

disclosure

controls

and

procedures,

or

caused

such

disclosure

controls

and

procedures

to

be

designed

under our supervision,to ensure that materialinformation relating to Net1,including its consolidated subsidiaries,is made known to

us by others within those entities, particularly during the period in which this reportis being prepared;

(b)

Designed

such

internal

control

over

financial

reporting,

or

caused

s

uch

internal

control

over

financial

reporting

to

be

designed under our supervision, to provide reasonableassurance regarding the reliability of financial reporting and the preparationof

financial statements for external purposes in accordance with generally accepted accounting principles;

(

c

)

Evaluated

the

effectiveness

of

Net1’s

disclosure

controls

and

procedures

and

presented

in

this

report

our

conclusions

about theeffectivenessof thedisclosure controlsand procedures,as ofthe endof theperiod coveredby thisreport basedon such

evaluation; and

(

d

)

Disclosed

in

this

report

any

change

in

Net1’s

internal

control

over

financial

reporting

that

occurred

during

Net1’s

mostrecentfiscalquarterthathasmateriallyaffected,orisreasonablylikelytomateriallyaffect,Net1’sinternalcontrolover

financial reporting; and

5.

I

have

disclosed,

based

on

our

most

recent

evaluation

of

internal

c

ontrol

over

financial

reporting,

to

Net1’s

auditors

and

the

Audit Committee of Net1’sBoard of Directors (or persons performing the equivalent functions):

(a)

All

significant

de

ficiencies

and

material

weaknesses

in

the

design

or

operation

of

internal

control

over

financial

reporting

which

are

reasonably

likely

to

adversely

affect

Net1’s

ability

to

record,

process,

summarize

and

report

financial

information; and

(b)

Any

fraud,

whether

or

not

material,

that

involves

management

or

other

employees

who

have

a

significant

role

in

Net1’s internal control overfinancial reporting.

Date: February 9, 2022

/s/ Chris G.B. Meyer

Chris G.B. Meyer

Group Chief Executive Officer