I, Herman Kotzé, certify that: |
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1. |
I have reviewed this quarterly report on Form
10-Q of Net 1 UEPS Technologies, Inc. (Net1) for the quarter ended
December 31, 2014; |
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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 to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period
covered by this report; |
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3. |
Based on my knowledge, the financial statements, and
other financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash
flows of Net1 as of, and for, the periods presented in this report; |
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4. |
Net1s other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for Net1 and have: |
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(a) |
Designed such disclosure controls and
procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information
relating to Net1, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period in
which this report is being prepared; |
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(b) |
Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted
accounting principles; |
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(c) |
Evaluated the effectiveness of Net1s
disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on
such evaluation; and |
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(d) |
Disclosed in this report any change in Net1s
internal control over financial reporting that occurred during Net1s most
recent fiscal quarter that has materially affected, or is reasonably
likely to materially affect, Net1s internal control over financial
reporting; and |