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Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO
RULES 13A-14(A) AND 15D-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED

I, Herman Kotzé, certify that:

1.         I have reviewed
this annual report on Form 10-K of Net 1 UEPS Technologies, Inc. (Net1) for
the year ended June, 30, 2007;

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;

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;

4.         Net1s
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 we have:

(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;

(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;

(c)
Evaluated the effectiveness of Net1s 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

(d)
Disclosed in this report any change in Net1s internal control over financial
reporting that occurred during Net1s most recent fiscal quarter (Net1s fourth
fiscal quarter in the case of an annual report) that has materially affected, or
is reasonably likely to materially affect, Net1s internal control over
financial reporting; and

5.         Net1s
other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to Net1s auditors and
the Audit Committee of Net1s Board of Directors (or persons performing the
equivalent functions):

(a)
All significant deficiencies 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 over financial
reporting.

|Date: August 29, 2007 | /s / Herman Kotzé                     
|--------------------- | --------------------------------------
|                      | Herman Kotzé                          
|                      | Chief Financial Officer, Treasurer and
|                      | Secretary                             

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