The misguided efforts attempted to blame firearm companies for
the illegal actions of criminals.9 million for
the three months ended December 31, 2005, from $12.246 for the three months of December 31, 2005, compared to
$0. During the three and six months ended
December 31, 2005, the ZAR was weaker against the USD than during the same
periods in the prior year. In particular,
I am delighted with the progress made on our SmartSwitch Namibia
implementation and look forward to the official launch in mid-February .
"Our third quarter began on an excellent footing with a strong USD / ZAR
exchange rate and significant improvement in the migration of our social
welfare grant beneficiaries to our merchant acquiring infrastructure,
following the summer holidays in South Africa.80 10% 19.13 12 .

outfitter karoo

Earnings per common share and linked unit increased
17% to $0.481 for the six months of December 31, 2005, compared to $0. Earnings per common share and
linked unit increased 19% to ZAR 1." The call will also be webcast on the Net1 homepage,
http://www.8 81.21 17., no
provisions) 5,732 6,291 (9)% 4,479 4,184

nm - Statistic not meaningful

Six months ended December 31, 2005 and 2004

Six months Year
ended ended
December 31, Change June 30
Constant
2005 2004 Exchange 2005
US$ US$ Actual Rate(1) US$

Key statement of
operations data, in
'000, except EPS
Revenue $93,316 $89,218 5% 10% $176,290
Operating income 41,570 34,842 19% 26% 71,303
Income tax expense 16,988 13,915 22% 29% 29,666
Net income $27,111 $22,463 21% 27 % $44,562

Earnings per share,
in cents
Basic 48.95 18.49 (3)% 19.

biltong kwa

The "Protection of Lawful Commerce in Arms Act" will block any future
lawsuits attempting to hold firearms industry companies liable for the
actions of criminals who misuse the industry's lawful products.
In ZAR, the Company reported an increase in net income of 23% to ZAR 91.3 million for the second quarter of 2005 to
ZAR 312.0 million for the second quarter of 2006.2 22.34
North West 16.41
Eastern Cape 12.

uvongo bodied

Based on our performance over
the first six months of fiscal 2006, we are revising our guidance on earnings
per share to $0.43
Northern Cape 18 .07 12.4 40.38 (2)% 12.

klerksdorp reloaders

' Our laws should punish criminals who use guns to commit crimes, not
law-abiding manufacturers of lawful products.001 par value;
Issued and outstanding shares - December:
11,219,263; June: 26,733,521 11 27

B CLASS PREFERENCE SHARES
Authorized: 330,000,000 with $0. 31 June 30,
2005 2005
Key balance sheet
data, in '000
Cash and cash
equivalents $183,902 $107,749 71%
Total current
assets 214,164 150,664 42%
Total assets 246,456 181,754 36 %
Total current
liabilities 27,978 34,353 (19)%
Total shareholders '
equity $203,427 $137,002 48%

(1) -- This information shows what the change in these items would have
been if the USD/ ZAR exchange rate that prevailed during the second
quarter of fiscal 2006 also prevailed during the second quarter of fiscal
2005 .55 2% 16.

wormald darting

Among those attending today's signing were Doug Painter, president and CEO
of NSSF; Larry Keane, senior vice president and general counsel of NSSF;
Tom Fruechtel , chairman of the Hunting and Shooting Sports Heritage Fund
and president and CEO of Leopold and Stevens; Michael Golden, president and
CEO of Smith & Wesson; Jeff Reh, vice president and general counsel of
Beretta USA; Wayne LaPierre and Chris Cox of the National Rifle
Association; Rob Keck, president and CEO of the National Wild Turkey
Federation; and Jeff Crane, president of the Congressional Sportsmen 's
Foundation.
The Company reported an increase in net income of 21% to $27.6
million for the three months ended December 31, 2005, from ZAR 74.
The passcode is "Net1. This offline
capability means that users of Net1's system can enter into transactions at
any time with other card holders in even the most remote areas so long as a
portable offline smart card reader is available.
Unaudited Condensed Consolidated Statements of Operations

Three months ended Six months ended
December 31, December 31,
2005 2004 2005 2004
(In thousands, (In thousands,
except per share except per share
data) data)

REVENUE $ 47,429 $ 45,995 $ 93 ,316 $ 89,218

EXPENSE

Cost of goods sold, IT
processing, servicing and
support 12,908 13,978 24,727 28,779

General and administration 11,956 12,092 22,612 22,368

Depreciation and amortization 1,365 1,654 2,903 3,229

Costs related to public
offering and Nasdaq listing 27 - 1,504 -

OPERATING INCOME 21,173 18,271 41,570 34,842

INTEREST INCOME, net 1,343 548 2,246 1,203

INCOME BEFORE INCOME TAXES 22,516 18,819 43,816 36,045

INCOME TAX EXPENSE 8,577 6,707 16,988 13,915

NET INCOME FROM CONTINUING
OPERATIONS BEFORE (LOSS)
EARNINGS FROM EQUITY
ACCOUNTED INVESTMENT 13,939 12,112 26,828 22,130

(LOSS) EARNINGS FROM EQUITY
ACCOUNTED INVESTMENT (7) 124 283 333

NET INCOME $ 13,932 $ 12,236 $ 27,111 $ 22,463

Net income per share
Basic earnings, in cents -
common stock and linked units 24.

Three months ended December 31, 2005 and 2004 (continued)

Three
months
Three months ended Year
ended September ended
December 31, Change 30 June 30
2005 2004 2005 2005

Additional information:
Transaction based
activities:
Total number of
grants paid:
KwaZulu-Natal 4,444,129 4,201,950 6% 4,308,365 16,774 ,940
Limpopo 2,753,537 2,700,406 2% 2,694,168 10,635,232
North West 787,009 777,910 1% 776,963 3,153,868
Northern Cape 396 ,750 349,962 13% 389,575 1,459,264
Eastern Cape 2,034,904 1,856,797 10 % 1,970,171 7,410,272
10,416,329 9,887,025 5% 10,139,242 39,433 ,576

Average revenue per
grant paid: ZAR ZAR ZAR ZAR
KwaZulu-Natal 20.21 16.

darting wormald

This legislation will further
our efforts to stem frivolous lawsuits, which cause a logjam in America's
courts, harm America's small businesses, and benefit a handful of lawyers
at the expense of victims and consumers. This system uses secure
smart cards that operate in real-time but offline, unlike traditional payment
systems offered by major banking institutions that require immediate access
through a communications network to a centralized computer. These forward looking statements involve known and unknown risks,
uncertainties and other factors that may cause the company's actual results,
levels of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or achievements
expressed, implied or inferred by these forward-looking statements, such as
product demand, market and customer acceptance, the effect of economic
conditions, competition, pricing, development difficulties, foreign currency
risks, costs of capital, the ability to consummate and integrate acquisitions,
and other risks detailed in the Company's SEC filings.

NET 1 UEPS TECHNOLOGIES, INC.001 par
value; Issued and outstanding shares (net
of shares held by the Company) - December:
82,668,272; June: 196,983,841 13 31

ADDITIONAL PAID-IN-CAPITAL 104,196 71,960

ACCUMULATED OTHER COMPREHENSIVE INCOME 14,409 7,314

RETAINED EARNINGS 84,752 57,641

TOTAL SHAREHOLDERS' EQUITY 203,427 137,002

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 246,456 $ 181,754

(A) - amounts derived from audited financial statements

NET 1 UEPS TECHNOLOGIES, INC.4 17% 24% 79.

vermaak nyala

House of Representatives passed the bill Oct. ("Net1" or the "Company") (Nasdaq: UEPS ) today announced
results for the three and six months ended December 31, 2005.3
million for the six months ended December 31, 2005, from ZAR 139. only), 1-866-519-5086 (Canada only), 0-800-917-7042 (U. Please click on the webcast link at least 10 minutes
prior to the call.0 10% 19% 23.41
Eastern Cape 12.19 12.e.

calibers darting

About Net1 (http://www. The Company undertakes
no obligation to revise any of these statements to reflect future
circumstances or the occurrence of unanticipated events.5 79.34
North West 17.66 7% 17.

klerksdorp kwa

547 for the six months ended December 31, 2004.3 million for the first six months of fiscal 2005
to ZAR 554.4 million was delivered
to Nedbank Limited.02 for the full year , assuming an exchange rate of
ZAR6.
Attachment A

Key metrics and statistics at and for the three and six months ended
December 31, 2005 and 2004:

Three months ended December 31, 2005 and 2004

Three months
Three months ended Year
ended September ended
December 31 , Change 30 June 30
Constant
2005 2004 Exchange 2005 2005
US$ US$ Actual Rate(1) US$ US$

Key statement of
operations data , in
'000, except EPS
Revenue $47,429 $45,995 3% 12% $45,887 $176,290
Operating income 21,173 18,271 16% 26% 20,397 71,303
Income tax expense 8,577 6,707 28% 39% 8,411 29,666
Net income $13,932 $12,236 14% 23% $13,179 $44,562

Earnings per share,
in cents
Basic 24.4
Diluted 24.1 41., no
provisions ) 5,732 6,291 (9)% 4,184

nm - Statistic not meaningful

biltong safaris

20 by a
bi-partisan vote of 283-144. The impact of these changes on results of
operations is shown under the column "Change" in the table of key metrics
included at the end of this press release.618 for the three months of December 31,
2005, compared to ZAR 1.6 million for
the six months ended December 31, 2004.

Second Quarter Highlights

* $118.5 million was sold to SmartSwitch
Namibia (Pty) Ltd during the three months ended December 31, 2005;

* Hardware ordered in September 2005 totaling $3.K. A replay of the call may be accessed through the Net1
website through February 21, 2006.com)
Net1 provides its universal electronic payment system, or UEPS, as an
alternative payment system for the unbanked and under-banked populations of
developing economies.59 14.

karoo ranching

PRESS RELEASE President Bush Signs Historic 'Protection of Lawful Commerce in Arms Act'

397) in July with a 65-31 bi-partisan
vote.

410 for
the six months ended December 31, 2004.S. During the three
months ended December 2005, approximately 1,855 ,192 grants were paid
through the Company's terminal base, compared to 176,009 during the
three months ended December 31, 2004;

* 3,929 terminals were in use at 2,366 participating UEPS retailer
locations as of December 31, 2005, compared with 1,266 terminals in use
at 700 locations as of December 31, 2004. It demonstrates the strength of the UEPS
platform and the adoption of our products in new markets.50 to $1.S.6 22.67 18.33 15.

conservationists vermaak

S.1 million for
the six months ended December 31, 2005, from $22.m.4 10% 19% 23.89 19.6

Key segmental data, in
'000, except margins
Revenue:
Transaction-based
activities $55,073 $50,855 8% 14% $103,653
Smart card accounts 17,296 17,205 1% 6% 34,931
Financial services 8,256 10,320 (20)% (16)% 20,215
Hardware, software and
related technology
sales 12,691 10,838 17% 23% 17,491
Total consolidated
revenue $93,316 $89,218 5% 10% $176,290

Consolidated operating
income (loss):
Transaction-based
activities $27,649 $20,007 38% 45% $44,233
Smart card accounts 7,861 7,820 1% 6 % 15,878
Financial services 3,672 4,743 (23)% (19)% 9,316
Hardware, software
and related
technology sales 7,941 4,270 86% 96% 5,689
Corporate/Eliminations (5,553) (1,998) 178% 193% (3,813)
Total operating
income (loss) $41,570 $34,842 19% 26% $71,303

Operating income margin
(%)
Transaction-based
activities 50% 39% 43%
Smart card accounts 45% 45% 45%
Financial services 44% 46% 46%
Hardware, software and
related technology
sales 63% 39% 33%
Overall operating margin 45% 39% 40%

Dec.

asite vermaak

4 million for the
second quarter of 2006.3 million for the first
six months of fiscal 2006. dollar ("USD ") but its
functional currency is the South African rand ("ZAR"), and due to the
significant impact of currency fluctuations between the USD and the ZAR on the
Company's results of operations, the Company also analyzes its results of
operations in ZAR to assist investors in understanding the changes in the
underlying trends of its business.4 million in transactions were processed through our merchant
acquiring business in the second quarter of fiscal 2006, compared to
$10. Belamant concluded. To participate in the call, dial 1-800-860-
2442 (U.
This announcement may contain forward-looking statements pursuant to the
"safe-harbor" provisions of the Private Securities Litigation Reform Act of
1995.6 22.35

UEPS merchant acquiring
system:
Terminals installed
at period end 3,929 1,266 nm 3,235
Number of
participating retail
locations at period
end 2,366 700 nm 1,880
Value of transactions
processed through our
merchant acquiring
system (US$ '000) 236,981 14,159 nm 147,331
Average number of
grants processed per
terminal during the
quarter 471 219 nm n/a

Smart card accounts:
Total number of smart
card accounts 3,497,664 3,308 ,194 6% 3,353,603

Hardware, software and
related technology
sales:
Ad hoc significant
hardware sales
(US$ '000)
Nedbank POS's, pin
pads, smart cards
and other hardware 5,600 8,000 (30)% 10,400
Smartswitch Namibia
hardware and
software (before
consolidation
adjustments) 2,700 - nm -

Financial services: (US$
'000)
Traditional based lending:
Finance loans
receivable - gross 8,318 13,898 (40)% 7,212
Allowance for doubtful
finance loans
receivable (3,672 ) (9,524) (61)% (3,636)
Finance loans
receivable - net 4,646 4,374 6% 3,576

UEPS based lending:
Finance loans
receivable - net and
gross (i.

calibers uvongo

This law will
not only help protect law-abiding businesses and the jobs of thousands
nationwide, but it will also help ensure a positive future for our nation's
hunting and shooting traditions and our firearms freedoms," said Doug
Painter, president of the National Shooting Sports Foundation (NSSF), the
trade association representing firearms and ammunition manufacturers.

Since 1998 more than 30 municipal lawsuits have been filed against the
makers and sellers of firearms by anti-gun organizations and anti-gun
politicians. Revenue increased 3%
from $46.146 for the six months of December 31, 2005,
compared to ZAR 2. EST.2 22.44 5% 18.13 16.02 19.27 (2)% 12.96 19.

biltong karoo

5 million for the six months
ended December 31, 2004.
Revenue increased 12% from ZAR 279.98 to $1.

Six months ended December 31, 2005 and 2004 (continued)

Six months ended Year ended
December 31, Change June 30
2005 2004 2005

Additional information:
Transaction based
activities:
Total number of
grants paid:
KwaZulu-Natal 8,752,494 8,211,391 7% 16,774,940
Limpopo 5,447,705 5,318,632 2% 10,635,232
North West 1,563,972 1,576,797 (1)% 3,153,868
Northern Cape 786,325 719,601 9% 1,459,264
Eastern Cape 4,005,075 3,596,290 11% 7,410,272
20,555,571 19,422,711 6% 39,433,576

Average revenue per
grant paid: ZAR ZAR ZAR
KwaZulu-Natal 19.

wilds calibers

The U.

The National Shooting Sports Foundation is the trade association for the
firearms industry, representing manufacturers, distributors and retailers
among its 2 ,600 members.

Net 1 UEPS Technologies Inc. Announces Second Quarter Results and Increases Earnings Guidance for Fiscal 2006

JOHANNESBURG, South Africa, Net 1 UEPS
Technologies, Inc. Earnings per common share and linked unit
increased 10% to $0. Revenue increased 5% from $89.2
million for the first six months of fiscal 2005 to $93. This
is an important step for us.

Conference call
Net1 will host a conference call to review second quarter results on
February 7, 2006 at 9:30 a. To accomplish
this, the Company has developed and deployed the UEPS.85
Limpopo 15. 31 June 30,
2005 2005
Key balance sheet data,
in '000
Cash and cash
equivalents $183,902 $107,749 71%
Total current assets 214,164 150,664 42%
Total assets 246,456 181,754 36%
Total current
liabilities 27,978 34,353 (19)%
Total shareholders'
equity $203,427 $137,002 48 %

(1) -- This information shows what the change in these items would have
been if the USD/ ZAR exchange rate that prevailed during the first half
of fiscal 2006 also prevailed during the first half of fiscal 2005.e.

kwa asite

360 for the three months ended December 31, 2004. Additionally , the
appointment of Martin Shipanga and David Schwarzbach to our executive
committee is the next logical step in our international expansion and we look
forward to their contribution in the future . The Company believes that it is the first company
worldwide to implement a system that can enable the estimated four billion
people who generally have limited or no access to a bank account to enter
affordably into electronic transactions with each other, government agencies,
employers, merchants and other financial service providers.4 40.

zingela bowhunting

S.2 million for the three
months ended December 31 , 2004.4

NET 1 UEPS TECHNOLOGIES, INC.

asite klerksdorp

Showing his continued support for legal reform
to protect America's law-abiding businesses and its economy, President Bush
today signed into law a bill that will put an end to "junk" lawsuits
against the nation's firearms industry .

"Our industry offers its sincere thanks to the president and Congress for
recognizing the importance of this much-needed legislation."

The U.3 million
for the three months ended December 31, 2004.00," Dr.95 4% 15.60 (4)% 19.35

UEPS merchant acquiring
system:
Terminals installed at
period end 3,929 1,266 nm 3,959 3,235
Number of participating
retail locations at
period end 2,366 700 nm 2,303 1,880
Value of transactions
processed through our
merchant acquiring
system (US$ '000) 118,396 10 ,596 nm 118,585 147,331
Average number of grants
processed per terminal
during the quarter 471 219 455 433

Smart card accounts:
Total number of smart
card accounts 3,497,664 3,308,194 6% 3,398,516 3,353,603

Hardware, software and
related technology sales:
Ad hoc significant
hardware sales (US$ '000)
Nedbank POS's, pin pads,
smart cards and other
hardware 3,400 3,900 (13)% 2,000 10 ,400
Smartswitch Namibia
hardware and software
(before consolidation
adjustments) 1,500 - nm 1,200 -

Financial services: (US$
'000)
Traditional based lending:
Finance loans
receivable - gross 8,318 13,898 (40)% 8,039 7,212
Allowance for doubtful
finance loans
receivable (3,672) (9,524) (61)% (4,053) (3,636)
Finance loans
receivable - net 4,646 4,374 6% 3,986 3,576

UEPS based lending:
Finance loans
receivable - net and
gross (i.

wormald reloaders

These illegitimate suits have cost the
firearms industry hundreds of millions of dollars in legal defense fees and
threatened to bankrupt companies. Earnings per common share and linked
unit increased 24% to ZAR 3. In addition to payments and
purchases, Net1's system can be used for banking, health care management,
international money transfers, voting and identification.0 47.
Unaudited Condensed Consolidated Statements of Cash Flows

Three months ended Six months ended
December 31, December 31,
2005 2004 2005 2004
(In thousands) (In thousands)

Cash flows from operating activities
Cash received from customers $71,810 $80,342 $110,039 $108 ,969
Cash paid to suppliers and employees (31,206) (37,714) (51,984) (60,499)
Cash generated by operations 40,604 42,628 58,055 48,470
Interest received 3,508 4,246 6,323 7,830
Finance costs paid (2,188) (3,681 ) (4,079) (6,614)
Income taxes paid (8,923) (25,803) (18,075) (31,984 )
Net cash provided by operating
activities 33,001 17,390 42,224 17,702

Cash flows from investing activities
Capital expenditures (346) (779) (888) (1,722)
Proceeds from disposal of property,
plant and equipment 80 5 84 21
Acquisition of equity interest in
and advance of loans to equity
accounted investment - - (1,851) -
Net cash used in investing
activities (266) (774) (2,655) (1,701)

Cash flows from financing activities
Proceeds from issue of share capital,
net of share issue expenses - - 32,219 -
Repayment of bank overdrafts - - - (19)
Net cash provided by (used in)
financing activities - - 32,219 (19)

Effect of exchange rate changes on
cash (1,034) 11,098 4,365 9,052

Net increase in cash and cash
equivalents 31,701 27,714 76,153 25,034

Cash and cash equivalents -
beginning of period 152,201 77,602 107,749 80,282

Cash and cash equivalents at end
of period $183,902 $105,316 $183,902 $105 ,316

Net 1 UEPS Technologies, Inc.09 2% 15.

conservationists outfitter

President Bush praised Congress last week for the bill's passage, saying,
"I commend the House for passing the 'Protection of Lawful Commerce in Arms
Act.

"The firearms industry thanks Senators Larry Craig and Max Baucus,
Congressmen Rick Boucher and Cliff Stearns, Senate Majority Leader Bill
Frist and Senate Majority Whip Mitch McConnell for their considerable
efforts in getting this bill passed," said Larry Keane, senior vice
president and general counsel for NSSF.0 million for the second quarter of 2005 to $47. Revenue
increased 10% from ZAR 610.3 million for the first six months of fiscal 2006.com .
Condensed Consolidated Balance Sheets

Unaudited (A)
December 31, June 30,
2005 2005
(In thousands, except share data)

ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 183 ,902 $ 107,749
Pre-funded social welfare grants receivable - 11,567
Accounts receivable 11,689 15,293
Finance loans receivable, net of allowances of
- December: $3,672; June: $3,636 10,378 7,760
Deferred expenditure on smart cards 1,458 3,014
Inventory 3,428 1,927
Deferred income taxes 3,309 3,354
Total current assets 214,164 150,664

LONG TERM RECEIVABLE 1,098 969
PROPERTY, PLANT AND EQUIPMENT, NET OF ACCUMULATED
DEPRECIATION OF - December: $23,227; June: $20,624 5,464 6,216
EQUITY ACCOUNTED INVESTMENTS 3,542 1,325
GOODWILL 15 ,107 14,636
INTANGIBLE ASSETS, NET OF ACCUMULATED AMORTIZATION
OF - December: $6,221; June: $4,919 7,081 7,944

TOTAL ASSETS 246,456 181,754

LIABILITIES
CURRENT LIABILITIES
Accounts payable 18,336 20,315
Income taxes payable 9,642 14,038
Total current liabilities 27,978 34,353

DEFERRED INCOME TAXES 15,051 10,399

TOTAL LIABILITIES 43,029 44,752

SHAREHOLDERS' EQUITY
COMMON STOCK
Authorized: 83,333,333 with $0.

limpopo nyala

6 million in the second quarter of fiscal 2005.

Comment and Outlook
Serge Belamant, Net1 Chairman and Chief Executive Officer, stated, "I am
pleased with our momentum and our solid second quarter results. only) or
0-800-200-648 (South Africa only ) five minutes prior to the start of the call.1 41.4
Diluted 47.85
Limpopo 15.

zingela safaris

With the bill becoming law, a motion to dismiss a case against firearm
industry companies in New York City will be filed today.224 for the three months ended December 31, 2004.
Since the Company's reporting currency is the U. Although the terminal base
declined slightly compared to the installed base as of September 30,
2005 the number of transactions processed per terminals continues to
increase as the productivity of the installed base continues to improve;

* UEPS transaction-based activities effected 10.4 million payments during
the second quarter of fiscal 2006, a 5% increase over the number of
payments effected during the second quarter of fiscal 2005;

* A total of 3,497,664 UEPS smart card-based accounts were active at
December 31, 2005, compared to 3,308,194 active accounts at December 31,
2004;

* Hardware totaling approximately $1.net1ueps.net1ueps.001 par value;
Issued and outstanding shares - December:
45,451,317; June: 28,548,269 46 29

SPECIAL CONVERTIBLE PREFERRED STOCK
Authorized: 50 ,000,000 with $0.46 15.90 16.

ranching reloaders

Senate passed the bill (S.

Results
The Company reported an increase in net income of 14% to $13.
In ZAR, the Company reported an increase in net income of 27% to ZAR 177. The remaining deliveries related to this order are
expected to be completed during the third quarter of fiscal 2006;

* Martin Shipanga was appointed as the Vice President, African Emerging
Markets and David Schwarzbach was appointed as Vice President , Business
Development;

* International initiatives continue to progress according to our
expectations; and

* The Company's chief executive officer rang The Nasdaq National Market
closing bell on December 7, 2005.4 48.0
Diluted earnings, in cents -
common stock and linked units 24.6

Key segmental data, in
'000 , except margins
Revenue:
Transaction-based
activities $27,255 $26,426 3% 12% $27,818 $103,653
Smart card accounts 8,744 8,984 (3)% 5% 8,552 34,931
Financial services 3,982 5,240 (24)% (18)% 4,274 20,215
Hardware, software
and related
technology sales 7,448 5,345 39% 51% 5,243 17,491
Total consolidated
revenue $47,429 $45,995 3% 12% $45,887 $176,290

Consolidated operating
income (loss):
Transaction -based
activities $13,517 $10,325 31% 42% $14,132 $44,233
Smart card accounts 3,974 4,083 (3)% 5% 3,887 15,878
Financial services 1,828 2,341 (22)% (15)% 1,844 9,316
Hardware, software and
related technology
sales 3,874 2,235 73% 88% 4,067 5,689
Corporate/Eliminations (2,020) (713) 183% 207% (3,533) (3,813)
Total operating
income (loss ) $21,173 $18,271 16% 26% $20,397 $71,303

Operating income
margin (% )
Transaction-based
activities 50% 39% 51% 43%
Smart card accounts 45% 45% 45% 45%
Financial services 46% 45% 43% 46%
Hardware, software and
related technology
sales 52% 42% 78% 33%
Overall operating
margin 45% 40% 44% 40%

Dec.0 17% 23% 81.43
Northern Cape 18.