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Lesaka (LSAK)

Document And Entity Information

Document And Entity Information - shares6 Months Ended
Dec. 31, 2018Feb. 05, 2019
Document And Entity Information [Abstract]
Entity Registrant NameNET 1 UEPS TECHNOLOGIES INC
Entity Filer CategoryAccelerated Filer
Entity Central Index Key1,041,514
Entity Small Businessfalse
Entity Emerging Growth Companyfalse
Amendment Flagfalse
Document Type10-Q
Trading Symbolueps
Document Period End DateDec. 31,
2018
Document Fiscal Year Focus2,019
Document Fiscal Period FocusQ2
Current Fiscal Year End Date--06-30
Entity Common Stock, Shares Outstanding56,833,925

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
CURRENT ASSETS
Cash and cash equivalents $ 69,910 $ 90,054 [1]
Restricted cash (Note 10)63,131
Pre-funded social welfare grants receivable (Note 2)[1]2,965
Accounts receivable, net (Note 3)105,007 109,683 [1]
Finance loans receivable, net (Note 3)25,122 62,205 [1]
Inventory (Note 4)10,272 12,887 [1]
Total current assets before settlement assets273,442 277,794 [1]
Settlement assets (Note 5)65,765 149,047 [1]
Total current assets339,207 426,841 [1]
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of - December: $132,191; June: $129,18523,739 27,054 [1]
EQUITY-ACCOUNTED INVESTMENTS (Note 7)93,561 88,331 [1]
GOODWILL (Note 8)267,964 283,240 [1]
INTANGIBLE ASSETS, net (Note 8)115,250 131,132 [1]
DEFERRED INCOME TAXES20,826 6,312 [1]
OTHER LONG-TERM ASSETS, including reinsurance assets (Note 7 and Note 9)219,577 256,380 [1]
TOTAL ASSETS1,080,124 1,219,290 [1]
CURRENT LIABILITIES
Short-term credit facilities for ATM funding (Note 10)63,131
Accounts payable20,939 35,055 [1]
Other payables73,464 47,994 [1]
Current portion of long-term borrowings (Note 10)24,660 44,695 [1]
Income taxes payable6,770 5,742 [1]
Total current liabilities before settlement obligations188,964 133,486 [1]
Settlement obligations (Note 5)65,765 149,047 [1]
Total current liabilities254,729 282,533 [1]
DEFERRED INCOME TAXES52,376 46,606 [1]
LONG-TERM BORROWINGS (Note 10)10,395 5,469 [1]
OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 9)2,515 38,580 [1]
TOTAL LIABILITIES320,015 373,188 [1]
COMMITMENTS AND CONTINGENCIES (Note 19) [1]
REDEEMABLE COMMON STOCK107,672 107,672 [1]
EQUITY
COMMON STOCK (Note 11) Authorized: 200,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury - December: 56,833,925; June: 56,685,92580 80 [1]
PREFERRED STOCK Authorized shares: 50,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury: December: -; June: - [1]
ADDITIONAL PAID-IN-CAPITAL277,463 276,201 [1]
TREASURY SHARES, AT COST: December: 24,891,292; June: 24,891,292(286,951)(286,951)[1]
ACCUMULATED OTHER COMPREHENSIVE LOSS (12)(198,272)(184,436)[1]
RETAINED EARNINGS768,485 837,625 [1]
TOTAL NET1 EQUITY560,805 642,519 [1]
NON-CONTROLLING INTEREST91,632 95,911 [1]
TOTAL EQUITY652,437 738,430 [1]
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS' EQUITY $ 1,080,124 $ 1,219,290 [1]
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
Condensed Consolidated Balance Sheets [Abstract]
Property, plant and equipment, accumulated depreciation $ 132,191 $ 129,185
Common stock, shares authorized200,000,000 200,000,000
Common stock, par value $ 0.001 $ 0.001
Common stock, shares issued56,833,925 56,685,925
Common stock, shares outstanding56,833,925 56,685,925
Preferred stock, shares authorized50,000,000 50,000,000
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Treasury shares, shares outstanding24,891,292 24,891,292

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Condensed Consolidated Statements Of Operations [Abstract]
REVENUE $ 97,150 $ 148,416 $ 223,034 $ 300,974
EXPENSE
Cost of goods sold, IT processing, servicing and support51,185 73,994 123,501 148,646
Selling, general and administration70,996 49,392 112,874 93,326
Depreciation and amortization9,853 8,723 20,647 17,689
Impairment Loss (Note 8)8,191 8,191
OPERATING (LOSS) INCOME(43,075)16,307 (42,179)41,313
CHANGE IN VALUE OF EQUITY SECURITIES (Note 6 and 7)(15,836)(15,836)
INTEREST INCOME, net of impairment (Note 7)(331)4,705 1,545 9,749
INTEREST EXPENSE2,778 2,325 5,537 4,446
(LOSS) INCOME BEFORE INCOME TAX EXPENSE(62,020)18,687 (62,007)46,616
INCOME TAX (BENEFIT) EXPENSE (Note 17)(2,298)10,062 4,192 20,339
NET (LOSS) INCOME BEFORE EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS(59,722)8,625 (66,199)26,277
(LOSS) EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS(1,247)1,354 126 3,429
NET (LOSS) INCOME(60,969)9,979 (66,073)29,706
LESS NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST2,972 357 3,067 601
NET (LOSS) INCOME ATTRIBUTABLE TO NET1 $ (63,941) $ 9,622 $ (69,140) $ 29,105
Net (loss) income per share, in U.S. dollars (Note 14)
Basic (loss) earnings attributable to Net1 shareholders $ (1.13) $ 0.17 $ (1.22) $ 0.51
Diluted (loss) earnings attributable to Net1 shareholders $ (1.12) $ 0.17 $ (1.22) $ 0.51

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net (loss) income $ (60,969) $ 9,979 $ (66,073) $ 29,706
Other comprehensive (loss) income
Movement in foreign currency translation reserve(10,353)53,517 (23,675)39,637
Movement in foreign currency translation reserve related to equity-accounted investments5,430 (227)
Total other comprehensive (loss) income, net of taxes(10,353)53,517 (18,245)39,410
Comprehensive (loss) income(71,322)63,496 (84,318)69,116
Add (Less) comprehensive loss attributable to non-controlling interest(1,363)(668)1,342 (801)
Comprehensive (loss) income attributable to Net1 $ (72,685) $ 62,828 $ (82,976) $ 68,315

Condensed Consolidated Statem_3

Condensed Consolidated Statement Of Changes In Equity - USD ($) $ in ThousandsCommon And Treasury Stock [Member]Treasury Stock [Member]Number Of Shares, Net Of Treasury [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, Number of Shares at Jun. 30, 201781,261,029 (24,891,292)56,369,737
Balance at Jun. 30, 2017 $ 80 $ (286,951) $ 273,733 $ 773,276 $ (162,569) $ 597,569 $ 2,766 $ 600,335
Redeemable Common Stock, Balance at Jun. 30, 2017107,672
Restricted stock granted (Note 13), shares588,594 588,594
Stock-based compensation charge (Note 13)1,477 1,477 1,477
Reversal of stock compensation charge (Note 13)(42)(42)(42)
Reversal of stock compensation charge (Note 13), shares(125,961)(125,961)
(Reversal) Stock-based compensation charge related to equity-accounted investment (Note 7)(207)(207)(207)
Net (loss) income29,105 29,105 601 29,706
Other comprehensive (loss) income (Note 12)39,210 39,210 200 $ 39,410
Balance, Number of Shares at Dec. 31, 201781,723,662 (24,891,292)56,832,370 56,832,370
Balance at Dec. 31, 2017 $ 80 $ (286,951)274,961 802,381 (123,359)667,112 3,567 $ 670,679
Redeemable Common Stock, Balance at Dec. 31, 2017107,672
Balance, Number of Shares at Sep. 30, 201781,818,988 (24,891,292)56,927,696
Balance at Sep. 30, 2017 $ 80 $ (286,951)274,353 792,759 (176,565)603,676 2,899 606,575
Redeemable Common Stock, Balance at Sep. 30, 2017107,672
Stock-based compensation charge (Note 13)608 608 608
Reversal of stock compensation charge (Note 13), shares(95,326)(95,326)
Net (loss) income9,622 9,622 357 9,979
Other comprehensive (loss) income (Note 12)53,206 53,206 311 $ 53,517
Balance, Number of Shares at Dec. 31, 201781,723,662 (24,891,292)56,832,370 56,832,370
Balance at Dec. 31, 2017 $ 80 $ (286,951)274,961 802,381 (123,359)667,112 3,567 $ 670,679
Redeemable Common Stock, Balance at Dec. 31, 2017107,672
Balance, Number of Shares at Jun. 30, 201881,577,217 (24,891,292)56,685,925
Balance at Jun. 30, 2018 $ 80 $ (286,951)276,201 837,625 (184,436)642,519 95,911 738,430 [1]
Redeemable Common Stock, Balance at Jun. 30, 2018[1]107,672
Restricted stock granted (Note 13), shares148,000 148,000
Stock-based compensation charge (Note 13)1,185 1,185 1,185
(Reversal) Stock-based compensation charge related to equity-accounted investment (Note 7)77 77 77
Dividends paid to non-controlling interest(2,937)(2,937)
Net (loss) income(69,140)(69,140)3,067 (66,073)
Other comprehensive (loss) income (Note 12)(13,836)(13,836)(4,409) $ (18,245)
Balance, Number of Shares at Dec. 31, 201881,725,217 (24,891,292)56,833,925 56,833,925
Balance at Dec. 31, 2018 $ 80 $ (286,951)277,463 768,485 (198,272)560,805 91,632 $ 652,437
Redeemable Common Stock, Balance at Dec. 31, 2018107,672
Balance, Number of Shares at Sep. 30, 201881,725,217 (24,891,292)56,833,925
Balance at Sep. 30, 2018 $ 80 $ (286,951)276,865 832,426 (189,528)632,892 91,477 724,369
Redeemable Common Stock, Balance at Sep. 30, 2018107,672
Stock-based compensation charge (Note 13)598 598 598
Dividends paid to non-controlling interest(1,208)(1,208)
Net (loss) income(63,941)(63,941)2,972 (60,969)
Other comprehensive (loss) income (Note 12)(8,744)(8,744)(1,609) $ (10,353)
Balance, Number of Shares at Dec. 31, 201881,725,217 (24,891,292)56,833,925 56,833,925
Balance at Dec. 31, 2018 $ 80 $ (286,951) $ 277,463 $ 768,485 $ (198,272) $ 560,805 $ 91,632 $ 652,437
Redeemable Common Stock, Balance at Dec. 31, 2018 $ 107,672
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Cash flows from operating activities
Net (loss) income $ (60,969) $ 9,979 $ (66,073) $ 29,706
Depreciation and amortization9,853 8,723 20,647 17,689
Impairment Loss (Note 8)8,191 8,191
Movement in allowance for doubtful accounts receivable21,368 9,402 23,958 9,465
Loss (Earnings) from equity-accounted investments1,247 (1,354)(126)(3,429)
Interest on Cedar Cell note , net of impairment (Note 7)1,516 (182)1,360 (182)
Change in fair value of equity securities (Notes 6 and 7)15,836 15,836
Fair value adjustments and re-measurements83 (190)1 (99)
Interest payable131 (159)241 (247)
Facility fee amortized68 214 155 347
(Profit) Loss on disposal of property, plant and equipment(139)16 (266)121
Profit on disposal of business(463)(463)
Stock-based compensation charge, net (Note 13)598 608 1,185 1,435
Dividends received from equity accounted investments454 1,253 454 2,165
Decrease (Increase) in accounts receivable, pre-funded social welfare grants receivable and finance loans receivable18,753 (3,397)28,755 (42,601)
(Increase) Decrease in inventory(24)(2,322)2,161 (3,848)
(Decrease) Increase in accounts payable and other payables(11,759)(481)(19,535)2,948
(Decrease) Increase in taxes payable(7,007)(9,754)1,347 (916)
(Decrease) Increase in deferred taxes(3,436)1,419 (7,070)428
Net cash (used in) provided by operating activities(5,236)13,312 11,221 12,519
Cash flows from investing activities
Capital expenditures(2,547)(2,103)(5,665)(3,576)
Proceeds from disposal of property, plant and equipment212 99 486 415
Acquisition of intangible assets(1,384)(1,384)
Investment in equity of equity-accounted investments (Note 7)(2,500)(40,892)(2,500)(113,738)
Proceeds on return of investment (Note 7)284
Acquisition of held to maturity investment (Note 6)(9,000)(9,000)
Other investing activities(154)(154)
Net change in settlement assets (Note 4)2,031 24,519 77,962 237,168
Net cash (used in) provided by investing activities(5,244)(27,531)68,127 (39,888)
Cash flows from financing activities
Proceeds from bank overdraft (Note 10)221,582 690 306,237 32,570
Repayment of bank overdraft (Note 10)(245,726)(11,391)(245,726)(14,343)
Repayment of long-term borrowings (Note 10)(13,551)(30,881)(23,811)(45,141)
Long-term borrowings utilized (Note 10)3,203 11,004 95,431
Dividends paid to non-controlling interest(1,208)(2,937)
Payment of guarantee fee (Note 10)(258)(394)(552)
Net change in settlement obligations(2,031)(24,519)(77,962)(237,168)
Net cash used in financing activities(37,989)(66,101)(33,589)(169,203)
Effect of exchange rate changes on cash(1,823)6,857 (2,772)3,011
Net (decrease) increase in cash, cash equivalents and restricted cash(50,292)(73,463)42,987 (193,561)
Cash, cash equivalents and restricted cash - beginning of period183,333 138,359 90,054 258,457
Cash, cash equivalents and restricted cash - end of period[1]133,041 $ 64,896 133,041 64,896
MobiKwik [Member]
Cash flows from investing activities
Investment $ (1,056) $ (1,056)
Cell C [Member]
Cash flows from investing activities
Investment $ (151,003)
[1]Cash, cash equivalents and restricted cash as of December 31, 2018, includes restricted cash of approximately $63.1 million related to cash withdrawn from the Company's various debt facilities to fund ATMs. This cash may only be used to fund ATMs and is considered restricted as to use and therefore is classified as restricted cash. Refer to Note 10 for additional information regarding the Company's facilities.

Condensed Consolidated Statem_5

Condensed Consolidated Statements Of Cash Flows (Parenthetical) $ in MillionsDec. 31, 2018USD ($)
Condensed Consolidated Statements Of Cash Flows [Abstract]
Restricted cash $ 63.1

Basis Of Presentation And Summa

Basis Of Presentation And Summary Of Significant Accounting Policies6 Months Ended
Dec. 31, 2018
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 and six months ended December 31, 2018 and 2017, 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, 2018. 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, collectively, unless the context otherwise requires. References to "Net1" are references solely to Net 1 UEPS Technologies, Inc.
Recent accounting pronouncements adopted In May 2014, the Financial Accounting Standards Board ("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 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 originally set to be effective for the Company beginning July 1, 2017, however in August 2015, the FASB issued guidance regarding Revenue from Contracts with Customers, Deferral of the Effective Date . This guidance deferred 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 guidance became effective for the Company beginning July 1, 2018. The Company elected the modified retrospective transition method upon adoption of this guidance. The adoption of this guidance did not have a material impact on the Company's financial statements, except for the additional footnote disclosures provided. In January 2016, the FASB issued guidance regarding Recognition and Measurement of Financial Assets and Financial Liabilities . The guidance primarily affects the accounting for equity investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. The guidance requires changes in the fair value of the Company's equity investments, with certain exceptions, to be recognized through net income rather than other comprehensive income. In addition, the guidance clarifies the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. This guidance became effective for the Company beginning July 1, 2018. The amendments are required to be applied by means of a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. The adoption of this guidance did not have a material impact on the Company's financial statements. Equity securities are measured at fair value. The Company may elect to measure equity securities without readily determinable fair values at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. We perform a qualitative assessment on a quarterly basis and recognize an impairment loss if there are sufficient indicators that the fair value of the equity security is less than carrying value. There were no changes in the fair value of our equity securities recorded during the three months ended December 31, 2018. Changes in fair value will be recorded in our condensed consolidated statement of operations in future periods within a caption titled "changes in fair value of equity securities". In June 2016, the FASB issued guidance regarding Classification of Certain Cash Receipts and Cash Payments . The guidance is intended to reduce diversity in practice and explains how certain cash receipts and payments are presented and classified in the statement of cash flows, including beneficial interests in securitization, which would impact the presentation of the deferred purchase price from sales of receivables. This guidance became effective for the Company beginning July 1, 2018, and must be applied retrospectively. The Company has elected to classify distributions received from equity method investees using the nature of the distribution approach. This election requires the Company to evaluate each distribution received on the basis of the source of the payment and classify the distribution as either operating cash inflows or investing cash inflows. The adoption of this guidance did not have a material impact on the Company's financial statements and the Company was not required to make any retrospective adjustments. In January 2017, the FASB issued guidance regarding Clarifying the Definition of a Business . This guidance provides a more robust framework to use in determining when a set of assets and activities is a business. Because the current definition of a business is interpreted broadly and can be difficult to apply, stakeholders indicated that analyzing transactions is inefficient and costly and that the definition does not permit the use of reasonable judgment. The amendments provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable. The guidance became effective for the Company beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements. In January 2017, the FASB issued guidance regarding Simplifying the Test for Goodwill Impairment . This guidance removes the requirement for an entity to calculate the implied fair value of goodwill (as part of step 2 of the current goodwill impairment test) in measuring a goodwill impairment loss. The guidance is effective for the Company beginning July 1, 2020. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company has elected to early adopt this guidance beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements. In May 2017, the FASB issued guidance regarding Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting . The guidance amends the scope of modification accounting for share-based payment arrangements and provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under Accounting Standards Codification 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification. The guidance became effective for the Company beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements. In June 2018, the FASB issued guidance regarding Improvements to Non-employee Share-Based Payment Accounting . The guidance simplifies the accounting for share-based payments granted to non-employees for goods and services and aligns the guidance for these share-based payments with guidance applicable to accounting for share-based payments granted to employees. The guidance is effective for the Company beginning July 1, 2019. Early adoption is permitted. The Company has elected to early adopt this guidance beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements.
Recent accounting pronouncements not yet adopted as of December 31, 2018 In February 2016, the FASB issued guidance regarding Leases . The guidance increases transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet. The amendments to current lease guidance include the recognition of assets and liabilities by lessees for those leases currently classified as operating leases. The guidance also requires disclosures to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for the Company beginning July 1, 2019. Early adoption is permitted. The Company expects that this guidance may have a material impact on its financial statements and is currently evaluating the impact of this guidance on its financial statements on adoption. In June 2016, the FASB issued guidance regarding Measurement of Credit Losses on Financial Instruments . The guidance replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For trade and other receivables, loans, and other financial instruments, an entity is required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which reflects losses that are probable. Credit losses relating to available-for-sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. This guidance is effective for the Company beginning July 1, 2020. Early adoption is permitted beginning July 1, 2019. The Company is currently assessing the impact of this guidance on its financial statements and related disclosures. In August 2018, the FASB issued guidance regarding Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement. The guidance modifies the disclosure requirements related to fair value measurement. This guidance is effective for the Company beginning July 1, 2020. 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 Receivable6 Months Ended
Dec. 31, 2018
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 primarily amounts pre-funded by the Company to certain merchants participating in the merchant acquiring system. The Company's contract with the South African Social Security Agency expired on September 30, 2018, and therefore the Company no longer pre-funds social welfare grants. The July 2018 payment service commenced on July 1, 2018 but the Company pre-funded certain merchants participating in the merchant acquiring systems on the last day of June 2018.

Accounts Receivable, Net And Fi

Accounts Receivable, Net And Finance Loans Receivable, Net6 Months Ended
Dec. 31, 2018
Accounts Receivable, Net And Finance Loans Receivable, Net [Abstract]
Accounts Receivable, Net And Finance Loans Receivable, Net 3. Accounts receivable, net and finance loans receivable, net Accounts receivable, net
The Company's accounts receivable, net, as of December 31, 2018, and June 30, 2018, is presented in the table below:
December 31, June 30, 2018 2018 Accounts receivable, trade, net $ 33,282 $ 49,365 Accounts receivable, trade, gross 34,613 50,466 Allowance for doubtful accounts receivable, end of period 1,331 1,101 Beginning of year 1,101 1,255 Reversed to statement of operations (2 ) (47 ) Charged to statement of operations 2,985 642 Utilized (2,763 ) (776 ) Foreign currency adjustment 10 27 Current portion of payments to agents in South Korea amortized over the contract period 19,480 21,971 Payments to agents in South Korea amortized over the contract period. 33,822 39,554 Less: Payments to agents in South Korea amortized over the contract period included in other long-term assets (Note 7) 14,341 17,582 Loans provided to Finbond 1,042 1,107 Contingent purchase consideration 6,362 - Other receivables 44,841 37,240 Total accounts receivable, net $ 105,007 $ 109,683 Finance loans receivable, net The Company's finance loans receivable, net, as of December 31, 2018, and June 30, 2018, is presented in the table below:
December 31, June 30, 2018 2018 Microlending finance loans receivable, net $ 15,609 $ 57,504 Microlending finance loans receivable, gross 42,829 61,743 Allowance for doubtful microlending finance loans receivable, end of period 27,220 4,239 Beginning of year 4,239 3,717 Charged to statement of operations 27,798 4,348 Utilized (4,522 ) (3,588 ) Foreign currency adjustment (295 ) (238 ) Working capital finance receivable, net 3,936 3,959 Working capital finance receivable, gross 16,566 16,123 Allowance for doubtful working capital finance receivable, end of period 12,630 12,164 Beginning of year 12,164 3,752 Charged to statement of operations 465 8,415 Foreign currency adjustment 1 (3 ) Current portion of other finance loans receivable 5,577 742 Total other finance loans receivable 17,822 13,025 Less included in other long-term assets 12,245 12,283 Total finance loans receivable, net $ 25,122 $ 62,205 During the three and six months ended December 31, 2018, the Company recorded an increase in its allowance for doubtful microlending finance loans receivable of approximately $ 23.4 27.8

Inventory

Inventory6 Months Ended
Dec. 31, 2018
Inventory [Abstract]
Inventory 4. Inventory The Company's inventory comprised the following category as of December 31, 2018, and June 30, 2018.
December 31, June 30, 2018 2018 Finished goods $ 10,272 $ 12,887 $ 10,272 $ 12,887

Settlement Assets And Settlemen

Settlement Assets And Settlement Obligations6 Months Ended
Dec. 31, 2018
Settlement Assets And Settlement Obligations [Abstract]
Settlement Assets And Settlement Obligations5. Settlement assets and settlement obligations Settlement assets comprise (1) cash received from the South African government that the Company holds pending disbursement to recipient cardholders 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 cardholders 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 Instruments6 Months Ended
Dec. 31, 2018
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments6. 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 management The Company manages its exposure to currency exchange, translation, interest rate, customer concentration, credit and equity price and liquidity risks as discussed below. 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 South African rand ("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 lending 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 investments in cash equivalents and held to maturity investments 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 "B" (or its equivalent) or better, as determined by credit rating agencies such as Standard & Poor's, Moody's and Fitch Ratings. Microlending credit risk The Company is exposed to credit risk in its microlending activities, which provide unsecured short-term loans to qualifying customers. The Company manages this risk by performing an affordability test for each prospective customer and assigning 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 and, consequently, the amount that 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 would apply 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 would be 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 Cell C The Company's Level 3 asset represents an investment of 75,000,000 3.9 270.9 6.32 8.8 611.4 10 The following table presents the impact of a 0.50
Sensitivity for fair value of Cell C investment EBITDA multiple of 5.82 130,729 EBITDA multiple of 6.32 149,058 EBITDA multiple of 6.82 167,386 The fair value of the Cell C shares as of December 31, 2018, represented approximately 14
Liability measured at fair value using significant unobservable inputs – DNI contingent consideration The salient terms of the Company's investment in DNI is described in Note 3 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018. Under the terms of its subscription agreements with DNI, the Company has agreed to pay to DNI an additional amount of up to ZAR 400.0 27.8 385.7 26.8 373.6 27.2 The present value of ZAR 385.7 million has been calculated using the following assumptions (a) the maximum additional amount of ZAR 400.0 million will be paid on August 1, 2019 and (b) an interest rate of 6.3 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 "B" (or equivalent) 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 December 31, 2018:
Fair market Notional amount Strike price value price Maturity USD 420,000 ZAR 15.3801 ZAR 14.4210 January 25, 2019 USD 140,000 ZAR 15.4386 ZAR 14.4704 February 22, 2019 USD 420,000 ZAR 15.4939 ZAR 14.5165 March 20, 2019 USD 420,000 ZAR 15.5704 ZAR 14.5842 April 26, 2019 The Company had no
The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2018, according to the fair value hierarchy:
Quoted price in Significant active markets other Significant for identical observable unobservable assets inputs inputs (Level 1) (Level 2) (Level 3) Total Assets Investment in Cell C $ - $ - $ 149,058 $ 149,058 Related to insurance business: Cash, cash equivalents and restricted cash (included in other long-term assets) 593 - - 593 Fixed maturity investments (included in cash and cash equivalents) 8,319 - - 8,319 Other - 18 - 18 Total assets at fair value $ 8,912 $ 18 $ 149,058 $ 157,988 Liabilities DNI contingent consideration $ - $ - $ 26,790 $ 26,790 Foreign exchange contracts - 95 - 95 Total liabilities at fair value $ - $ 95 $ 26,790 $ 26,885 The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2018, according to the fair value hierarchy:
Quoted price in Significant active markets other Significant for identical observable unobservable assets inputs inputs (Level 1) (Level 2) (Level 3) Total Assets Investment in Cell C $ - $ - $ 172,948 $ 172,948 Related to insurance business: Cash and cash equivalents (included in other long-term assets) 610 - - 610 Fixed maturity investments (included in cash and cash equivalents) 8,304 - - 8,304 Other - 18 - 18 Total assets at fair value $ 8,914 $ 18 $ 172,948 $ 181,880 Liabilities DNI contingent consideration $ - $ - $ 27,222 $ 27,222 Total liabilities at fair value $ - $ - $ 27,222 $ 27,222 There have been no
Summarized below is the movement in the carrying value of assets and liabilities measured at fair value on a recurring basis, and categorized within Level 3, during the six months ended December 31, 2018:
Carrying value Assets Balance as at June 30, 2018 $ 172,948 Loss on fair value re-measurements (15,836 ) Foreign currency adjustment (1) (8,054 ) Balance as of December 31, 2018 $ 149,058 Liabilities Balance as at June 30, 2018 $ 27,222 Accretion of interest 835 Foreign currency adjustment (1) (1,267 ) Balance as of December 31, 2018 $ 26,790 (1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value. Summarized below is the movement in the carrying value of assets and liabilities measured at fair value on a recurring basis, and categorized within Level 3, during the six months ended December 31, 2017:
Carrying value Assets Acquisition of investment in Cell C $ 151,003 Foreign currency adjustment (1) 10,692 Balance as of December 31, 2017 $ 161,695 (1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value.
Assets measured at fair value on a nonrecurring basis We measure equity investments without readily determinable fair values on a nonrecurring basis. The fair values of these investments are determined based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections.

Equity-Accounted Investments An

Equity-Accounted Investments And Other Long-Term Assets6 Months Ended
Dec. 31, 2018
Equity-Accounted Investments And Other Long-Term Assets [Abstract]
Equity-Accounted Investments And Other Long-Term Assets7. Equity-accounted investments and other long-term assets Refer to Note 9 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018, for additional information regarding its equity-accounted investments and other long-term assets. Equity-accounted investments The Company's ownership percentage in its equity-accounted investments as of December 31, 2018 and June 30, 2018, was as follows:
December 31, June 30, 2018 2018 Bank Frick & Co AG ("Bank Frick") 35 % 35 % Fanaka Holdings (Pty) Ltd ("Fanaka") 40 % - Finbond Group Limited ("Finbond") 29 % 29 % OneFi Limited (formerly KZ One) ("OneFi") 25 % 25 % SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia") 50 % 50 % Speckpack Field Services (Pty) Ltd ("Speckpack") 50 % 50 % V2 Limited ("V2") 50 % - Walletdoc Proprietary Limited ("Walletdoc") 20 % 20 % Finbond As of December 31, 2018, the Company owned 267,672,032 5.35 1.4 99.5 6,602,551
V2 Limited On October 4, 2018, the Company acquired a 50 2.5 one 2.5 5.0 Summarized below is the movement in equity-accounted investments during the six months ended December 31, 2018:
Bank Frick Finbond Other (1 ) Total Investment in equity: Balance as of June 30, 2018 $ 48,129 $ 30,958 $ 6,092 $ 85,179 Acquisition of shares - 1,920 2,500 4,420 Stock-based compensation - 77 - 77 Comprehensive income (loss): (1,805 ) 7,305 56 5,556 Other comprehensive income - 5,430 - 5,430 Equity accounted earnings (loss) (1,805 ) 1,875 56 126 Share of net income 564 1,852 56 2,472 Amortization of acquired intangible assets (375 ) - - (375 ) Deferred taxes on acquired intangible assets 90 - - 90 Dilution resulting from corporate transactions - 23 - 23 Other (2,084 ) - - (2,084 ) Dividends received - (1,920 ) (454 ) (2,374 ) Return on investment - - (284 ) (284 ) Foreign currency adjustment (2) (341 ) (1,712 ) (104 ) (2,157 ) Balance as of December 31, 2018 $ 45,983 $ 36,628 $ 7,806 $ 90,417 Investment in loans: Balance as of June 30, 2018 $ - $ - $ 3,152 $ 3,152 Foreign currency adjustment (2) - - (8 ) (8 ) Balance as of December 31, 2018 $ - $ - $ 3,144 $ 3,144
Equity Loans Total Carrying amount as of: June 30, 2018 $ 85,179 $ 3,152 $ 88,331 December 31, 2018 $ 90,417 $ 3,144 $ 93,561 (1) Includes Fanaka, OneFi, SmartSwitch Namibia, Speckpack, V2 and Walletdoc (2) The foreign currency adjustment represents the effects of the fluctuations of the South African rand, Swiss franc, Nigerian naira and Namibian dollar, and the U.S. dollar on the carrying value. Other long-term assets
Summarized below is the breakdown of other long-term assets as of December 31, 2018, and June 30, 2018:
December 31, June 30, 2018 2018 Total equity investments $ 176,051 $ 199,865 Investment in 15 149,058 172,948 Investment in 12 (1) 26,993 26,917 Total held to maturity investments 9,036 10,395 Investment in 7.625 8.625 9,036 10,395 Long-term portion of payments to agents in South Korea amortized over the contract period 14,341 17,582 Long-term portion of other finance loans receivable 12,245 12,283 Contingent purchase consideration - 9,064 Policy holder assets under investment contracts (Note 9) 593 610 Reinsurance assets under insurance contracts (Note 9) 688 633 Other long-term assets 6,623 5,948 Total other long-term assets $ 219,577 $ 256,380 (1) The Company has determined that MobiKwik does not have readily determinable fair value and has therefore elected to recorded this investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company accounted for its investment in MobiKwik at cost as of June 30, 2018. During the three and six months ended December 31, 2018, the Company paid $ 1.1 12
Summarized below are the components of the Company's equity securities without readily determinable fair value and held to maturity investments as of December 31, 2018:
Unrealized Unrealized holding holding Carrying Cost basis gains losses value Equity securities: Investment in MobiKwik $ 26,993 $ - $ - $ 26,993 Held to maturity: Investment in Cedar Cellular notes 9,036 - - 9,036 Total $ 35,993 $ - $ - $ 37,591 Summarized below are the components of the Company's held to maturity investments as of June 30, 2018:
Unrealized Unrealized Cost holding holding Carrying basis (1) gains (1) losses value Held to maturity: Investment in Cedar Cellular notes $ 10,395 $ - $ - $ 10,395 Total $ 10,395 $ - $ - $ 10,395 (1) An amount of $1.4 million attributed to interest recognized under the Cedar Cellular note was incorrectly included in the unrealized holding gains column as of June 30, 2018, and has been reclassified to the cost basis column. The Company recognized 1.2 0.2 1.4 0.2 August 2022 24.82 The Company does not expect to recover the entire amortized cost basis of the Cedar Cellular notes due to a reduction in the amount of future cash flows expected to be collected from the debt security. The Company does not expect to generate any cash flows from the debt security prior to the maturity date in August 2022, and expects to recover approximately $ 22.0 9.0 11.8 2.7 Contractual maturities of held to maturity investments Summarized below is the contractual maturity of the Company's held to maturity investment as of December 31, 2018:
Estimated Cost fair basis value (1) Due in one year or less $ - $ - Due in one year through five years 9,036 8,546 Due in five years through ten years - - Due after ten years - - Total $ 9,036 $ 8,546 (1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Company's portion of the security provided to the Company by Cedar Cellular, namely, Cedar Cellular's investment in Cell C.

Goodwill And Intangible Assets,

Goodwill And Intangible Assets, Net6 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets, Net [Abstract]
Goodwill And Intangible Assets, Net 8. Goodwill and intangible assets, net Goodwill
Impairment loss The Company assesses the carrying value of goodwill for impairment annually, or more frequently, whenever events occur and circumstances change indicating potential impairment. The Company performs its annual impairment test as of June 30 of each year. During the three and six months ended December 31, 2018, the Company recognized an impairment loss of approximately $8.2 million, of which approximately $7.0 related to goodwill allocated to its International Payment Group ("IPG") business within its international transaction processing operating segment and $1.2 million related to goodwill within its South African transaction processing operating segment. Given the consolidation and restructuring of IPG over the past year, several business lines were terminated or meaningfully reduced, resulting in lower than expected revenues, profits and cash flows. IPG's new business initiatives are still in their infancy, and it is expected to generate lower cash flows than initially forecast. In order to determine the amount of goodwill impairment, the estimated fair value of the Company's IPG business assets and liabilities were compared to the carrying value of the IPG's assets and liabilities. The Company used a discounted cash flow model in order to determine the fair value of IPG. The allocation of the fair value of IPG required the Company to make a number of assumptions and estimates about the fair value of assets and liabilities where the fair values were not readily available or observable. Based on this analysis, the Company determined that the carrying value of IPG's assets and liabilities exceeded their fair value at the reporting date. In the event that there is a deterioration in the South African transaction processing and the international transaction processing operating segment, or in any other of the Company's businesses, may lead to additional impairments in future periods.
Summarized below is the movement in the carrying value of goodwill for the six months ended December 31, 2018:
Accumulated Carrying Gross value impairment value Balance as of June 30, 2018 $ 304,013 $ (20,773 ) $ 283,240 Impairment of goodwill - (8,191 ) (8,191 ) Foreign currency adjustment (1) (7,187 ) 102 (7,085 ) Balance as of December 31, 2018 $ 296,826 $ (28,862 ) $ 267,964 (1) – the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro 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, 2018 $ 20,946 $ 123,948 $ 138,346 $ 283,240 Impairment of goodwill (1,180 ) (7,011 ) - (8,191 ) Foreign currency adjustment (1) (974 ) 64 (6,175 ) (7,085 ) Balance as of December 31, 2018 $ 18,792 $ 117,001 $ 132,171 $ 267,964 (1) – the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value. Intangible assets Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of the intangible assets as of December 31, 2018 and June 30, 2018:
As of December 31, 2018 As of June 30, 2018 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying value amortization value value amortization value Finite-lived intangible assets: Customer relationships $ 193,225 $ (85,689 ) $ 107,536 $ 197,676 $ (76,237 ) $ 121,439 Software and unpatented technology 33,956 (32,630 ) 1,326 35,730 (32,342 ) 3,388 FTS patent 2,662 (2,662 ) - 2,792 (2,792 ) - Exclusive licenses 4,506 (4,506 ) - 4,506 (4,506 ) - Trademarks and brands 12,185 (6,574 ) 5,611 11,101 (5,589 ) 5,512 Total finite-lived intangible assets 246,534 (132,061 ) 114,473 251,805 (121,466 ) 130,339 Indefinite-lived intangible assets: Financial institution license 777 - 777 793 - 793 Total indefinite-lived intangible assets 777 - 777 793 - 793 Total intangible assets $ 247,311 $ (132,061 ) $ 115,250 $ 252,598 $ (121,466 ) $ 131,132 Aggregate amortization expense on the finite-lived intangible assets for the three months ended December 31, 2018 and 2017, was approximately $ 6.1 2.9 12.2 5.8 Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on December 31, 2018, 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.
Fiscal 2019 $ 24,393 Fiscal 2020 19,342 Fiscal 2021 13,885 Fiscal 2022 10,693 Fiscal 2023 10,693 Thereafter 47,730 Total future estimated annual amortization expense $ 126,736

Reinsurance Assets And Policyho

Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts6 Months Ended
Dec. 31, 2018
Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract]
Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts9. Reinsurance assets and policyholder liabilities under insurance and investment contracts Reinsurance assets and policyholder liabilities under insurance contracts
Summarized below is the movement in reinsurance assets and policyholder liabilities under insurance contracts during the six months ended December 31, 2018:
Reinsurance Insurance assets (1) contracts (2) Balance as of June 30, 2018 $ 633 $ (2,032 ) Increase in policyholder benefits under insurance contracts 406 (4,519 ) Claims and policyholders' benefits under insurance contracts. (321 ) 4,627 Foreign currency adjustment (3) (30 ) 95 Balance as of December 31, 2018 $ 688 $ (1,829 ) (1) Included in other long-term assets. Included in other long-term liabilities. (3) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. The Company has agreements with reinsurance companies in order to limit its losses from certain insurance contracts, however, if the reinsurer is unable to meet its obligations, the Company retains the liability.
The Company determines its reserves for policy benefits under its life insurance products using a model which estimates claims incurred that have not been reported and total present value of disability claims-in-payment at the balance sheet date. This model allows for best estimate assumptions based on experience (where sufficient) plus prescribed margins, as required in the markets in which these products are offered, namely South Africa. The best estimate assumptions include (i) mortality and morbidity assumptions reflecting the company's most recent experience and (ii) claim reporting delays reflecting Company specific and industry experience. Most of the disability claims-in-payment reserve is reinsured and the reported values were based on the reserve held by the relevant reinsurer. Assets and policyholder liabilities under investment contracts
Summarized below is the movement in assets and policyholder liabilities under investment contracts during the six months ended December 31, 2018:
Investment Assets (1) contracts (2) Balance as of June 30, 2018 $ 610 $ (610 ) Increase in policyholder benefits under investment contracts 12 (12 ) Foreign currency adjustment (3) (29 ) 29 Balance as of December 31, 2018 $ 593 $ (593 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. The Company does not offer any investment products with guarantees related to capital or returns.

Borrowings

Borrowings6 Months Ended
Dec. 31, 2018
Borrowings [Abstract]
Borrowings10. Borrowings South Africa The amounts below have been translated at exchange rates applicable as of the dates specified. July 2017 Facilities, as amended, comprising a short-term facility and long-term borrowings Long-term borrowings – Facilities A, B, C and D The Company's South African amended July 2017 Facilities agreement is described in Note 14 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018. The carrying value of these long-term borrowings as of December 31, 2018, was ZAR 379.7 26.4 1.6 0.1 2.75 7.15 151.3 10.5 March 29, 2019 Short-term facility - Facility E On September 26, 2018, Net1 Applied Technologies South Africa Proprietary Limited ("Net1 SA") further amended its amended July 2017 Facilities agreement with Rand Merchant Bank, a division of FirstRand Bank Limited ("RMB") to include an overdraft facility ("Facility E") of up to ZAR 1.5 101.4 1.00 September 26, 2019 90 25 3.8 0.3 0.7 51.1 10.25
Nedbank facility, comprising short-term facilities As of December 31, 2018, the aggregate amount of the Company's short-term South African credit facility with Nedbank Limited was ZAR 700.0 48.6 450 31.3 250.0 17.3 300 20.8 250.0 17.3 50 3.5 150 10.4 200.0 13.9 4.8 16.8 12.0 As of December 31, 2018, the interest rate on the overdraft facility was 9.10 0.35 As of December 31, 2018, the Company has utilized approximately ZAR 173 12.0 50 98 6.8 108.0 7.9 June 2018 Facility, a long-term borrowing The Company's South African long-term facility agreement is described in Note 14 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018. The current carrying value as of December 31, 2018, was ZAR 125.0 8.6 2.75 2.0 0.1
United States, a short-term facility On September 14, 2018, the Company renewed its $ 10.0 20.0 4.50 2.80763 six South Korea, comprising long-term borrowings The Company's South Korean senior secured loan facility is described in Note 14 to its audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018. On July 29, 2017, the Company utilized approximately KRW 0.3 0.3 16.6 South Korea, a short-term facility The Company obtained a one 10 10.0 1.984 3.844 Movement in short-term credit facilities Summarized below are the Company's short-term facilities as of December 31, 2018, and the movement in the Company's short-term facilities from as of June 30, 2018 to as of December 31, 2018:
South Africa United States Amended July 2017 Nedbank Bank Frick Total Short-term facilities as of December 31, 2018: $ 104,196 $ 48,625 $ 10,000 $ 162,821 Overdraft - 20,839 10,000 30,839 Overdraft restricted as to use for ATM funding only 104,196 17,366 - 121,562 Indirect and derivative facilities - 10,420 - 10,420 Movement in utilized overdraft facilities: Balance as of June 30, 2018 - - - - Utilized 260,942 40,303 4,992 306,237 Repaid (212,265 ) (28,469 ) (4,992 ) (245,726 ) Foreign currency adjustment (1) 2,436 184 - 2,620 Balance as of December 31, 2018 (2) 51,113 12,018 - 63,131 Restricted as to use for ATM funding only 51,113 12,018 - 63,131 No restrictions as to use - - - - Movement in utilized indirect and derivative facilities: Balance as of June 30, 2018 - 7,871 - 7,871 Guarantees cancelled - (834 ) - (834 ) Utilized - 151 - 151 Foreign currency adjustment (1) - (366 ) - (366 ) Balance as of December 31, 2018 $ - $ 6,822 $ - $ 6,822 (1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. (2) Nedbank as of December 31, 2018, of $12.0 million comprises the net of total overdraft facilities withdrawn of $ 16.8 Movement in long-term borrowings Summarized below is the movement in the Company's long term borrowing from as of June 30, 2018 to as of December 31, 2018:
South Africa Amended June 2018 July 2017 Facility Total Included in current portion of long-term borrowings $ 44,695 $ - $ 44,695 Included in long-term borrowings 5,469 - 5,469 Balance as of June 30, 2018 50,164 - 50,164 Utilized - 11,004 11,004 Repaid (20,855 ) (2,956 ) (23,811 ) Foreign currency adjustment (1) (2,937 ) 635 (2,302 ) Balance as of December 31, 2018 26,372 8,683 35,055 Included in current portion of long-term borrowings 24,660 - 24,660 Included in long-term borrowings $ 1,712 $ 8,683 $ 10,395 (1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. The Company paid a non-refundable deal origination fee of approximately ZAR 6.3 0.6 0.9 1.9 2.1 3.6 0.1 0.1 0.2 0.1 Interest expense incurred the Company's South Korean debt facilities during the three and six months ended December 31, 2017, was $ 0.1 0.4 0.1

Capital Structure

Capital Structure6 Months Ended
Dec. 31, 2018
Capital Structure [Abstract]
Capital Structure11. Capital structure The following table presents a reconciliation between the number of shares, net of treasury, presented in the unaudited condensed consolidated statement of changes in equity during the six months ended December 31, 2018 and 2017, respectively, and the number of shares, net of treasury, excluding non-vested equity shares that have not vested during the six months ended December 31, 2018 and 2017, respectively:
December 31, December 31, 2018 2017 Number of shares, net of treasury: Statement of changes in equity 56,833,925 56,832,370 Less: Non-vested equity shares that have not vested (Note 13) 860,817 (911,856 ) Number of shares, net of treasury excluding non-vested equity shares that have not vested 55,973,108 55,920,514

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss6 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss12. Accumulated other comprehensive loss
The table below presents the change in accumulated other comprehensive (loss) income per component during the six months ended December 31, 2018:
Six months ended December 31, 2018 Accumulated net unrealized Accumulated income on foreign asset currency available for translation sale, net of reserve tax Total Balance as of June 30, 2018 $ (184,436 ) $ - $ (184,436 ) Movement in foreign currency translation reserve related to equity- accounted investment 5,430 - 5,430 Movement in foreign currency translation reserve (19,266 ) - (19,266 ) Balance as of December 31, 2018 $ (198,272 ) $ - $ (198,272 ) There were no

Stock-Based Compensation

Stock-Based Compensation6 Months Ended
Dec. 31, 2018
Stock-Based Compensation [Abstract]
Stock-Based Compensation13. Stock-based compensation Stock option and restricted stock activity Options The following table summarizes stock option activity for the six months ended December 31, 2018 and 2017:
Weighted Weighted average Weighted average remaining Aggregate average exercise contractu intrinsic grant date Number of price al term value fair value shares ($) (in years) ($' ) ($) Outstanding – June 30, 2018 809,274 13.99 2.67 370 4.20 Granted – September 2018 600,000 6.20 10.00 1,212 2.02 Forfeitures (200,000 ) 24.46 7.17 Outstanding – December 31, 2018 1,209,274 8.41 6.15 72 2.62 Outstanding – June 30, 2017 846,607 13.87 3.80 486 4.21 Forfeitures (37,333 ) 11.23 4.55 Outstanding – December 31, 2017 809,274 13.99 3.40 468 4.20 During the six months ended December 31, 2018, 600,000 No 200,000 24.46 37,333
The fair value of each option is estimated on the date of grant using the Cox Ross Rubinstein binomial model that uses the assumptions noted in the following table. The estimated expected volatility is calculated based on the Company's 750 The table below presents the range of assumptions used to value options granted during the six months ended December 31, 2018:
Six months ended December 31, 2018 Expected volatility 44 % Expected dividends 0 % Expected life (in years) 3 Risk-free rate 2.75 % The following table presents stock options vested and expected to vest as of December 31, 2018:
Weighted Weighted average average remaining Aggregate exercise contractual intrinsic Number of price term value shares ($) (in years) ($' ) Vested and expected to vest – December 31, 2018 . 1,209,274 8.41 6.15 72 These options have an exercise price range of $ 6.20 13.16 The following table presents stock options that are exercisable as of December 31, 2018:
Weighted Weighted average average remaining Aggregate exercise contractual intrinsic Number of price term value shares ($) (in years) ($' ) Exercisable – December 31, 2018 609,274 10.56 2.84 72 No 105,982 Restricted stock The following table summarizes restricted stock activity for the six months ended December 31, 2018 and 2017:
Number of Weighted shares of average grant restricted date fair value stock ($' ) Non-vested – June 30, 2018 765,411 6,162 Granted – September 2018 148,000 114 Vested – August 2018 (52,594 ) 459 Non-vested – December 31, 2018 860,817 5,785 Non-vested – June 30, 2017 505,473 11,173 Granted – August 2017 588,594 4,288 Vested – August 2017 (56,250 ) 527 Forfeitures (30,635 ) 358 Forfeitures – August and November 2014 awards with market conditions (95,326 ) 1,133 Non-vested – December 31, 2017 911,856 9,365 The September 2018 grants comprise 148,000 326,000 210,000 52,594 The 326,000 shares of restricted stock will only vest if the recipient is employed by the Company on a full-time basis on August 23, 2020 52,594 August 23, 2018. 56,250 30,635 Market Conditions - Restricted Stock Granted in September 2018 The 148,000 shares of restricted stock awarded to executive officers in September 2018 are subject to time-based and performance-based (a market condition) vesting conditions and vest in full only on the date, if any, that the following conditions are satisfied: (1) the price of the Company's common stock must equal or exceed certain agreed VWAP levels (as described below) during a measurement period commencing on the date that it files its Annual Report on Form 10-K for the fiscal year ended 2021 and ending on December 31, 2021 and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If either of these conditions is not satisfied, then none of the shares of restricted stock will vest and they will be forfeited. The $ 23.00 55 6.20 September 7, 2018 The VWAP levels and vesting percentages related to such levels are as follows:
Below $ 15.00 0 At or above $ 15.00 19.00 33 At or above $ 19.00 23.00 66 At or above $ 23.00 100 The fair value of these shares of restricted stock was calculated using a Monte Carlo simulation of a stochastic volatility process. The choice of a stochastic volatility process as an extension to the standard Black Scholes process was driven by both observations of larger than expected moves in the daily time series for the Company's VWAP price, but also the observation of the strike structure of volatility (i.e. skew and smile) for out-of-the money calls and out-of-the money puts versus at-the-money options for both the Company's stock and NASDAQ futures. 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. In its calculation of the fair value of the restricted stock, the Company used an average volatility of 37.4 no three 30 Market Conditions - Restricted Stock Granted in August 2017 The 210,000 shares of restricted stock awarded to executive officers in August 2017 are subject to time-based and performance-based (a market condition) vesting conditions and vest in full only on the date, if any, that the following conditions are satisfied: (1) the price of the Company's common stock must equal or exceed certain agreed VWAP levels (as described below) during a measurement period commencing on the date that it files its Annual Report on Form 10-K for the fiscal year ended 2020 and ending on December 31, 2020 and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If either of these conditions is not satisfied, then none of the shares of restricted stock will vest and they will be forfeited. The $ 23.00 35 9.38
Below $ 15.00 0 At or above $ 15.00 19.00 33 At or above $ 19.00 23.00 66 At or above $ 23.00 100 These 210,000 shares of restricted stock are effectively forward starting knock-in barrier options with multi-strike prices of zero 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 44.0 three 1.275 1.657 no 30 Performance Conditions - Restricted Stock Granted in August 2016 In August 2016 the Company awarded 350,000 200,000 150,000
One-third of the shares will vest if the Company achieves 2019 Fundamental EPS of $ 2.60 Two-thirds of the shares will vest if the Company achieves 2019 Fundamental EPS of $ 2.80 All of the shares will vest if the Company achieves 2019 Fundamental EPS of $ 3.00 At levels of 2019 Fundamental EPS greater than $ 2.60 3.00 2.80 Forfeiture of restricted stock awarded in August and November 2014 that did not achieve targeted market conditions During the three and six months ended December 31, 2017, restricted stock with market conditions awarded in August and November 2014, were forfeited, because the target market conditions were not achieved. The stock-based compensation charge related to these awards was not reversed upon forfeiture because these awards contained market conditions. The fair value of restricted stock vesting during each of the six months ended December 31, 2018 and 2017, respectively, was $ 0.5 Stock-based compensation charge and unrecognized compensation cost The Company recorded a stock-based compensation charge during each of the three months ended December 31, 2018 and 2017 of $ 0.6
Allocated to cost of goods sold, IT Allocated to processing, selling, general Total servicing and and charge support administration Three months ended December 31, 2018 Stock-based compensation charge $ 598 $ - $ 598 Total – three months ended December 31, 2018 . $ 598 $ - $ 598 Three months ended December 31, 2017 Stock-based compensation charge $ 608 $ - $ 608 Total – three months ended December 31, 2017 . $ 608 $ - $ 608 The Company recorded a stock-based compensation charge during the six months ended December 31, 2018 and 2017 of $ 1.2 1.4
Allocated to cost of goods sold, IT Allocated to processing, selling, general Total servicing and and charge support administration Six months ended December 31, 2018 Stock-based compensation charge $ 1,185 $ - $ 1,185 Total – six months ended December 31, 2018 $ 1,185 $ - $ 1,185 Six months ended December 31, 2017 Stock-based compensation charge $ 1,477 $ - $ 1,477 Reversal of stock compensation charge related to stock options forfeited (42 ) - (42 ) Total – six months ended December 31, 2017 $ 1,435 $ - $ 1,435 The stock-based compensation charges have been allocated to selling, general and administration based on the allocation of the cash compensation paid to the relevant employees. As of December 31, 2018, the total unrecognized compensation cost related to stock options was approximately $ 1.1 three 2.6 two As of December 31, 2018 and June 30, 2018, respectively, the Company recorded a deferred tax asset of approximately $ 0.8 0.7 0.8 0.7

Earnings Per Share

Earnings Per Share6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share14. Earnings per share The Company has issued redeemable common stock which is redeemable at an amount other than fair value. Redemption of a class of common stock at other than fair value increases or decreases the carrying amount of the redeemable common stock and is reflected in basic earnings per share using the two-class method. There were no Basic (loss) 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 (loss) earnings per share have been calculated using the two-class method and basic (loss) earnings per share for the three and six months ended December 31, 2018 and 2017, reflects only undistributed earnings. The computation below of basic (loss) earnings per share excludes the net (loss) 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 (loss) 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 (loss) 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 (loss) earnings per share includes the dilutive effect of a portion of the restricted stock granted to employees in August 2016, August 2017, March 2018, May 2018 and September 2018 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 for awards made in September 2018, March 2018, August 2017 and August 2016 are discussed in Note 13 and the vesting conditions for all other awards 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, 2018.
The following table presents net (loss) income attributable to Net1 ((loss) income from continuing operations) and the share data used in the basic and diluted (loss) earnings per share computations using the two-class method:
Three months ended Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands except (in thousands except percent and percent and per share data) per share data) Numerator: Net (loss) income attributable to Net1 (63,941 ) $ 9,622 (69,140 ) $ 29,105 Undistributed (loss) earnings (63,941 ) 9,622 (69,140 ) 29,105 Percent allocated to common shareholders (Calculation 1) 98 % 99 % 99 % 98 % Numerator for (loss) earnings per share: basic and diluted (62,972 ) $ 9,481 (68,146 ) $ 28,664 Denominator: Denominator for basic (loss) earnings per share: weighted- average common shares outstanding 55,973 55,923 55,962 55,902 Effect of dilutive securities: Stock options 21 52 36 50 Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assumed conversion 55,994 55,975 55,998 55,952 (Loss) Earnings per share: Basic $ (1.13 ) $ 0.17 $ (1.22 ) $ 0.51 Diluted $ (1.12 ) $ 0.17 $ (1.22 ) $ 0.51 (Calculation 1) Basic weighted-average common shares outstanding (A) 55,973 55,923 55,962 55,902 Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B) 56,834 56,755 56,778 56,762 Percent allocated to common shareholders (A) / (B) 98 % 99 % 99 % 98 % Options to purchase 1,166,554 503,698 6.20 13.16 8.75 13.16 August 27, 2024

Supplemental Cash Flow Informat

Supplemental Cash Flow Information6 Months Ended
Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information15. Supplemental cash flow information
The following table presents supplemental cash flow disclosures for the three and six months ended December 31, 2018, and 2017:
Three months ended Six months ended December 31, December 31, 2018 2017 2018 2017 Cash received from interest $ 1,285 $ 4,562 $ 3,362 $ 9,848 Cash paid for interest $ 2,588 $ 2,330 $ 5,654 $ 4,418 Cash paid for income taxes $ 8,779 $ 18,613 $ 10,122 $ 20,649

Revenue Recognition

Revenue Recognition6 Months Ended
Dec. 31, 2018
Revenue Recognition [Abstract]
Revenue Recognition16. Revenue recognition The Company is a leading provider of transaction processing services, financial inclusion products and services and secure payment technology. The Company operates market-leading payment processors in South Africa and internationally. The Company offers debit, credit and prepaid processing and issuing services for all major payment networks. In South Africa, The Company provides innovative low-cost financial inclusion products, including banking, lending and insurance, and is a leading distributor of mobile subscriber starter packs for Cell C, a South African mobile network operator. Disaggregation of revenue
The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the three months ended December 31, 2018:
Rest of South the Africa Korea world Total South African transaction processing Processing fees $ 19,031 $ - $ - $ 19,031 Welfare benefit distributions fees - - - - Other 1,772 - - 1,772 Sub-total 20,803 - - 20,803 International transaction processing Processing fees - 34,382 2,543 36,925 Other - 1,018 181 1,199 Sub-total - 35,400 2,724 38,124 Financial inclusion and applied technologies Telecom products and services 18,020 - - 18,020 Account holder fees 3,140 - - 3,140 Lending revenue 5,969 - - 5,969 Technology products 5,771 - - 5,771 Insurance revenue 1,310 - - 1,310 Other 4,013 - - 4,013 Sub-total 38,223 - - 38,223 $ 59,026 $ 35,400 $ 2,724 $ 97,150
The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the six months ended December 31, 2018:
Rest of South the Africa Korea world Total South African transaction processing Processing fees $ 49,260 $ - $ - $ 49,260 Welfare benefit distributions fees 3,086 - - 3,086 Other 2,920 - - 2,920 Sub-total 55,266 - - 55,266 International transaction processing Processing fees - 68,971 5,198 74,169 Other - 2,980 362 3,342 Sub-total - 71,951 5,560 77,511 Financial inclusion and applied technologies Telecom products and services 37,167 - - 37,167 Account holder fees 13,745 - - 13,745 Lending revenue 15,946 - - 15,946 Technology products 10,039 - - 10,039 Insurance revenue 3,825 - - 3,825 Other 9,535 - - 9,535 Sub-total 90,257 - - 90,257 $ 145,523 $ 71,951 $ 5,560 $ 223,034 Nature of goods and services Processing fees The Company earns processing fees from transactions processed for its customers. The Company provides its customers with transaction processing services that involve the collection, transmittal and retrieval of all transaction data in exchange for consideration upon completion of the transaction. In certain instances, the Company also provides a funds collection and settlement service for its customers. The Company considers these services as a single performance obligation. The Company's contracts specify a transaction price for services provided. Processing revenue fluctuates based on the type and the volume of transactions processed. Revenue is recognized on the completion of the processed transaction. Customers that have a bank account managed by the Company are issued cards that can be utilized to withdraw funds at an ATM or to transact at a merchant point of sale device ("POS"). The Company earns processing fees from transactions processed for these customers. The Company's contracts specify a transaction price for each service provided (for instance, ATM withdrawal, balance enquiry, etc.). Processing revenue fluctuates based on the type and the volume of transactions performed by the customer. Revenue is recognized on the completion of the processed transaction. Welfare benefit distribution fees The Company's provided a welfare benefits distribution service in South Africa to a customer under a contract which expired on September 30, 2018. The Company was required to distribute social welfare grants to identified recipients using an internally developed payment platform at designated distribution points (pay points) which enabled the recipients to access their grants. The contract specified a fixed fee per account for one or more grants received by a recipient. The Company recognized revenue for each grant recipient paid at the fixed fee. Telecom products and services The Company has entered into contracts with mobile networks in South Africa to distribute subscriber identity modules ("SIM") cards on their behalf. The Company is entitled to receive consideration based on the activation of each SIM as well as from a percentage of the value loaded onto each SIM. The Company recognizes revenue from these services once the criteria specified for activation have been met as well as when it is entitled to its consideration related to the value loaded onto the SIM. Revenue from contracts with mobile networks fluctuates based on the number of SIMs activated as well as on the value loaded onto the SIM. The Company purchases airtime for resale to customers. The Company recognizes revenue as the airtime is delivered to the customer. Revenue from the resale of airtime to customers fluctuates based on volume of airtime sold. Account holder fees The Company provides bank accounts to customers and this service is underwritten by a regulated banking institution because the Company is not a bank. The Company charges its customers a fixed monthly bank account administration fee for all active bank accounts regardless of whether the account holder has transacted or not. The Company recognizes account holder fees on a monthly basis on all active bank accounts. Revenue from account holder's fees fluctuates based on the number of active bank accounts. Lending revenue The Company provides short-term loans to customers in South Africa and charges up-front initiation fees and monthly service fees. Initiation fees are recognized using the effective interest rate method, which requires the utilization of the rate of return implicit in the loan, that is, the contractual interest rate adjusted for any net deferred loan fees or costs, premium, or discount existing at the origination or acquisition of the loan. Monthly service fee revenue is recognized under the contractual terms of the loan. The monthly service fee amount is fixed upon initiation and does not change over the term of the loan. Technology products The Company supplies hardware and licenses for its customers to use the Company's technology. Hardware includes the sale of POS devices, SIM cards and other consumables which can occur on an ad hoc basis. The Company recognizes revenue from hardware at the transaction price specified in the contract as the hardware is delivered to the customer. Licenses include right to use certain technology developed by the Company and is recognized ratably over the license period. Insurance revenue The Company writes life insurance contracts, and policy holders pay the Company a monthly insurance premium at the beginning of each month. Premium revenue is recognized on a monthly basis net of policy lapses. Policy lapses are provided for on the basis of expected non-payment of policy premiums.
Significant judgments and estimates The Company was subject to a court process regarding the determination of the price to be charged for welfare benefit distribution services provided from April 1, 2018 to September 30, 2018. In December 2018, the Constitutional Court of South Africa clarified that it was not required to ratify the price and stated that parties should reach an agreement on the price, failing which they should approach the lower courts in South Africa. The Company has initiated discussions with SASSA, but the parties had not reached an agreement as of December 31, 2018, regarding the pricing for services provided through September 30, 2018. Management determined, under previous revenue guidance, that there was no evidence of an arrangement at a fixed and determinable price other than that noted in the court ordered extension provided in March 2018 and did not record any additional revenue related to the services provided from April 1, 2018 to June 30, 2018, and recorded revenue at the rate specified in the contract. Upon adoption of the new revenue guidance on July 1, 2018, the Company determined that it was unable to estimate the amount of revenue that it is entitled to receive because the court had not yet confirmed the amount at that date. Accordingly, the Company has not recorded any additional revenue during the six months ended December 31, 2018, related to the price to be charged for welfare benefit distribution services provided through September 30, 2018. The Company recorded revenue at the rate specified in the contract. The Company expects to record any additional revenue once there is agreement between the Company and SASSA on the fee. Accounts Receivable, Contract Assets and Contract Liabilities The Company recognizes accounts receivable when its right to consideration under its contracts with customers becomes unconditional. The Company has no contract assets or contract liabilities.

Operating Segments

Operating Segments6 Months Ended
Dec. 31, 2018
Operating Segments [Abstract]
Operating Segments17. 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 22 to the Company's audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2018.
The reconciliation of the reportable segment's revenue to revenue from external customers for the three months ended December 31, 2018 and 2017, is as follows:
Revenue From Reportable Inter external Segment segment customers South African transaction processing $ 21,970 $ 1,167 $ 20,803 International transaction processing 38,124 - 38,124 Financial inclusion and applied technologies 38,755 532 38,223 Total for the three months ended December 31, 2018 $ 98,849 $ 1,699 $ 97,150 South African transaction processing $ 64,148 $ 6,181 $ 57,967 International transaction processing 44,185 - 44,185 Financial inclusion and applied technologies 54,131 7,867 46,264 Total for the three months ended December 31, 2017 $ 162,464 $ 14,048 $ 148,416 The reconciliation of the reportable segment's revenue to revenue from external customers for the six months ended December 31, 2018 and 2017, is as follows:
Revenue From Reportable Inter external Segment segment customers South African transaction processing $ 59,719 $ 4,453 $ 55,266 International transaction processing 77,511 - 77,511 Financial inclusion and applied technologies 91,961 1,704 90,257 Total for the six months ended December 31, 2018 $ 229,191 $ 6,157 $ 223,034 South African transaction processing $ 130,585 $ 12,326 $ 118,259 International transaction processing 90,207 - 90,207 Financial inclusion and applied technologies 108,444 15,936 92,508 Total for the six months ended December 31, 2017 $ 329,236 $ 28,262 $ 300,974 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 measures of profit or loss to income before income taxes for the three and six months ended December 31, 2018 and 2017, is as follows:
Three months ended Six months ended December 31, December 31, 2018 2017 2018 2017 Reportable segments measure of profit or loss ($ 34,411 ) $ 21,216 ($ 23,860 ) $ 52,784 Operating income: Corporate/Eliminations (8,664 ) (4,909 ) (18,319 ) (11,471 ) Change in value of equity securities (15,836 ) - (15,836 ) - Interest income, net of impairment (331 ) 4,705 1,545 9,749 Interest expense (2,778 ) (2,325 ) (5,537 ) (4,446 ) (Loss) Income before income taxes ($ 62,020 ) $ 18,687 ($ 62,007 ) $ 46,616 The following tables summarize segment information that is prepared in accordance with GAAP for the three and six months ended December 31, 2018 and 2017:
Three months ended Six months ended December 31, December 31, 2018 2017 2018 2017 Revenues South African transaction processing $ 21,970 $ 64,148 $ 59,719 130,585 International transaction processing 38,124 44,185 77,511 90,207 Financial inclusion and applied technologies 38,755 54,131 91,961 108,444 Total 98,849 162,464 229,191 329,236 Operating income (loss) South African transaction processing (11,830 ) 13,470 (15,343 ) 25,802 International transaction processing (4,043) (4,991 ) (1,281) 325 Financial inclusion and applied technologies (18,538 ) 12,737 (7,236 ) 26,657 Subtotal: Operating segments (34,411 ) 21,216 (23,860 ) 52,784 Corporate/Eliminations (8,664 ) (4,909 ) (18,319 ) (11,471 ) Total $ (43,075 ) $ 16,307 $ (42,179 ) $ 41,313 Depreciation and amortization South African transaction processing $ 921 $ 1,087 $ 1,862 $ 2,240 International transaction processing 2,511 4,381 5,570 9,013 Financial inclusion and applied technologies 405 309 1,041 664 Subtotal: Operating segments 3,837 5,777 8,473 11,917 Corporate/Eliminations 6,016 2,946 12,174 5,772 Total 9,853 8,723 20,647 17,689 Expenditures for long-lived assets South African transaction processing 1,047 900 2,333 1,377 International transaction processing 841 892 1,641 1,798 Financial inclusion and applied technologies 659 311 1,691 401 Subtotal: Operating segments 2,547 2,103 5,665 3,576 Corporate/Eliminations - - - - Total $ 2,547 $ 2,103 $ 5,665 $ 3,576 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 Tax

Income Tax6 Months Ended
Dec. 31, 2018
Income Tax [Abstract]
Income Tax 18. 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 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 and six months ended December 31, 2018, the Company's effective tax rate was adversely impacted by the valuation allowances created related to the deferred tax assets recognized regarding net operating losses incurred by the Company's South African businesses, the non-deductible goodwill impairment losses, and non-deductible expenses, including transaction-related expenditure and non-deductible interest on its South African long-term debt facility, which was partially offset by tax expense recorded by the Company's profitable businesses in South Africa and South Korea. The deferred tax impact of the change in the fair value of the Company's equity security also impacted the Company's effective rate for fiscal 2019, as this amount is recorded at a lower rate (at a capital gains rate) than the South African statutory rate. The Company's effective tax rate for the three and six months ended December 31, 2017, 53.8 43.6 Recent Tax Legislation On December 22, 2017, the Tax Cuts and Jobs Act (the "TCJA"), was enacted into law, which significantly changes existing U.S. tax law and includes numerous provisions that affect the Company's business, such as imposing a one-time transition tax on deemed repatriation of deferred foreign income, reducing the U.S. federal statutory tax rate, and adopting a territorial tax system. During the year ended June 30, 2018, the TCJA required the Company to incur a transition tax on deferred foreign income not previously subject to U.S. income tax at a rate of 15.5 8 35 21 The TCJA was effective in the second quarter of fiscal year 2018. As of December 31, 2018, the Company has not completed its accounting for the estimated tax effects of the TCJA. Due to the timing of the enactment and the complexity in applying the provisions of the TCJA, the provisional net charge is subject to revisions as the Company continues to complete its analysis of the TCJA, collect and prepare necessary data, and interpret additional guidance issued by standard-setting and regulatory bodies. Adjustments may materially impact the Company's provision for income taxes and effective tax rate in the period in which the adjustments are made. The Company's accounting for the estimated tax effects of the TCJA will be completed during the measurement period, which should not extend beyond one year from the enactment date. The impacts of the Company's estimates are described further below. The Company has made a reasonable estimate of its Transition Tax liability as of June 30, 2018, and recorded a provisional Transition Tax, before the application of any foreign tax credits, of $ 55.8 no The Company re-measured its deferred taxes to reflect the reduced rate that will apply when these deferred taxes are settled or realized in future periods. The TCJA subjects a U.S. corporation to tax on its GILTI. Due to the complexity of the new GILTI tax rules, the Company continues to evaluate this provision of the TCJA and the application of GAAP. Under GAAP, the Company has the option to make an accounting policy election of either (i) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the "period cost method") or (ii) factoring such amounts into a company's measurement of its deferred taxes (the "deferred method"). The Company is not yet able to reasonably estimate the effect of this provision of the TCJA on it because whether it expects to have future U.S. inclusions in taxable income related to GILTI depends on a number of different aspects of the Company's estimated future results of global operations. Therefore, the Company has not made any adjustments related to potential GILTI tax in its financial statements.
Uncertain tax positions There were no significant changes in the Company's uncertain tax positions during the three and six months ended December 31, 2018. As of December 31, 2018, the Company had accrued interest related to uncertain tax positions of approximately $ 0.1 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 December 31, 2018 and June 30, 2018, the Company had unrecognized tax benefits of $ 1.0 0.8

Commitments And Contingencies

Commitments And Contingencies6 Months Ended
Dec. 31, 2018
Commitments And Contingencies [Abstract]
Commitments And Contingencies 19. 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 96.0 6.7 96.0 6.7 0.4 1.94 The Company has not recognized any obligation related to these counter-guarantees in its consolidated balance sheet as of December 31, 2018. The maximum potential amount that the Company could pay under these guarantees is ZAR 96.0 6.7 Contingencies Challenge to Payment by SASSA of Additional Implementation Costs On March 23, 2018, the High Court ordered that the June 15, 2012 variation agreement between SASSA and CPS be reviewed and set aside. CPS was ordered to refund ZAR 317.0 In May 2018, CPS delivered its petition seeking leave to appeal the whole order and judgment of the High Court with the Supreme Court of Appeal. In September 2018, CPS received notification from the Supreme Court that its petition seeking leave to appeal had been granted. The matter is expected to be heard during the first half of calendar 2019. The Company cannot predict how the Supreme Court will rule on the matter. The Company is subject to a variety of other insignificant claims and suits that arise from time to time in the ordinary course of business. Management currently believes that the resolution of these other 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.

Related Party Transactions

Related Party Transactions6 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions20. Related party transactions DNI leased a building that was owned by a company in which Mr. A.J. Dunn has a direct shareholding of 16 1.0

Basis Of Presentation And Sum_2

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)6 Months Ended
Dec. 31, 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Unaudited Interim Financial InformationUnaudited 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 and six months ended December 31, 2018 and 2017, 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, 2018. 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, collectively, unless the context otherwise requires. References to "Net1" are references solely to Net 1 UEPS Technologies, Inc.
Recent Accounting Pronouncements AdoptedRecent accounting pronouncements adopted In May 2014, the Financial Accounting Standards Board ("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 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 originally set to be effective for the Company beginning July 1, 2017, however in August 2015, the FASB issued guidance regarding Revenue from Contracts with Customers, Deferral of the Effective Date . This guidance deferred 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 guidance became effective for the Company beginning July 1, 2018. The Company elected the modified retrospective transition method upon adoption of this guidance. The adoption of this guidance did not have a material impact on the Company's financial statements, except for the additional footnote disclosures provided. In January 2016, the FASB issued guidance regarding Recognition and Measurement of Financial Assets and Financial Liabilities . The guidance primarily affects the accounting for equity investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. The guidance requires changes in the fair value of the Company's equity investments, with certain exceptions, to be recognized through net income rather than other comprehensive income. In addition, the guidance clarifies the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. This guidance became effective for the Company beginning July 1, 2018. The amendments are required to be applied by means of a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. The adoption of this guidance did not have a material impact on the Company's financial statements. Equity securities are measured at fair value. The Company may elect to measure equity securities without readily determinable fair values at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. We perform a qualitative assessment on a quarterly basis and recognize an impairment loss if there are sufficient indicators that the fair value of the equity security is less than carrying value. There were no changes in the fair value of our equity securities recorded during the three months ended December 31, 2018. Changes in fair value will be recorded in our condensed consolidated statement of operations in future periods within a caption titled "changes in fair value of equity securities". In June 2016, the FASB issued guidance regarding Classification of Certain Cash Receipts and Cash Payments . The guidance is intended to reduce diversity in practice and explains how certain cash receipts and payments are presented and classified in the statement of cash flows, including beneficial interests in securitization, which would impact the presentation of the deferred purchase price from sales of receivables. This guidance became effective for the Company beginning July 1, 2018, and must be applied retrospectively. The Company has elected to classify distributions received from equity method investees using the nature of the distribution approach. This election requires the Company to evaluate each distribution received on the basis of the source of the payment and classify the distribution as either operating cash inflows or investing cash inflows. The adoption of this guidance did not have a material impact on the Company's financial statements and the Company was not required to make any retrospective adjustments. In January 2017, the FASB issued guidance regarding Clarifying the Definition of a Business . This guidance provides a more robust framework to use in determining when a set of assets and activities is a business. Because the current definition of a business is interpreted broadly and can be difficult to apply, stakeholders indicated that analyzing transactions is inefficient and costly and that the definition does not permit the use of reasonable judgment. The amendments provide more consistency in applying the guidance, reduce the costs of application, and make the definition of a business more operable. The guidance became effective for the Company beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements. In January 2017, the FASB issued guidance regarding Simplifying the Test for Goodwill Impairment . This guidance removes the requirement for an entity to calculate the implied fair value of goodwill (as part of step 2 of the current goodwill impairment test) in measuring a goodwill impairment loss. The guidance is effective for the Company beginning July 1, 2020. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company has elected to early adopt this guidance beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements. In May 2017, the FASB issued guidance regarding Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting . The guidance amends the scope of modification accounting for share-based payment arrangements and provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under Accounting Standards Codification 718. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification. The guidance became effective for the Company beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements. In June 2018, the FASB issued guidance regarding Improvements to Non-employee Share-Based Payment Accounting . The guidance simplifies the accounting for share-based payments granted to non-employees for goods and services and aligns the guidance for these share-based payments with guidance applicable to accounting for share-based payments granted to employees. The guidance is effective for the Company beginning July 1, 2019. Early adoption is permitted. The Company has elected to early adopt this guidance beginning July 1, 2018. The adoption of this guidance did not have a material impact on the Company's financial statements.
Recent Accounting Pronouncements Not Yet Adopted As Of December 31, 2018Recent accounting pronouncements not yet adopted as of December 31, 2018 In February 2016, the FASB issued guidance regarding Leases . The guidance increases transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet. The amendments to current lease guidance include the recognition of assets and liabilities by lessees for those leases currently classified as operating leases. The guidance also requires disclosures to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. This guidance is effective for the Company beginning July 1, 2019. Early adoption is permitted. The Company expects that this guidance may have a material impact on its financial statements and is currently evaluating the impact of this guidance on its financial statements on adoption. In June 2016, the FASB issued guidance regarding Measurement of Credit Losses on Financial Instruments . The guidance replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. For trade and other receivables, loans, and other financial instruments, an entity is required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses, which reflects losses that are probable. Credit losses relating to available-for-sale debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. This guidance is effective for the Company beginning July 1, 2020. Early adoption is permitted beginning July 1, 2019. The Company is currently assessing the impact of this guidance on its financial statements and related disclosures. In August 2018, the FASB issued guidance regarding Disclosure Framework: Changes to the Disclosure Requirements for Fair Value Measurement. The guidance modifies the disclosure requirements related to fair value measurement. This guidance is effective for the Company beginning July 1, 2020. Early adoption is permitted. The Company is currently assessing the impact of this guidance on its financial statements disclosure.

Accounts Receivable, Net And _2

Accounts Receivable, Net And Finance Loans Receivable, Net (Tables)6 Months Ended
Dec. 31, 2018
Accounts Receivable, Net And Finance Loans Receivable, Net [Abstract]
Schedule Of Accounts ReceivableDecember 31, June 30, 2018 2018 Accounts receivable, trade, net $ 33,282 $ 49,365 Accounts receivable, trade, gross 34,613 50,466 Allowance for doubtful accounts receivable, end of period 1,331 1,101 Beginning of year 1,101 1,255 Reversed to statement of operations (2 ) (47 ) Charged to statement of operations 2,985 642 Utilized (2,763 ) (776 ) Foreign currency adjustment 10 27 Current portion of payments to agents in South Korea amortized over the contract period 19,480 21,971 Payments to agents in South Korea amortized over the contract period. 33,822 39,554 Less: Payments to agents in South Korea amortized over the contract period included in other long-term assets (Note 7) 14,341 17,582 Loans provided to Finbond 1,042 1,107 Contingent purchase consideration 6,362 - Other receivables 44,841 37,240 Total accounts receivable, net $ 105,007 $ 109,683
Schedule Of Finance Loans ReceivableDecember 31, June 30, 2018 2018 Microlending finance loans receivable, net $ 15,609 $ 57,504 Microlending finance loans receivable, gross 42,829 61,743 Allowance for doubtful microlending finance loans receivable, end of period 27,220 4,239 Beginning of year 4,239 3,717 Charged to statement of operations 27,798 4,348 Utilized (4,522 ) (3,588 ) Foreign currency adjustment (295 ) (238 ) Working capital finance receivable, net 3,936 3,959 Working capital finance receivable, gross 16,566 16,123 Allowance for doubtful working capital finance receivable, end of period 12,630 12,164 Beginning of year 12,164 3,752 Charged to statement of operations 465 8,415 Foreign currency adjustment 1 (3 ) Current portion of other finance loans receivable 5,577 742 Total other finance loans receivable 17,822 13,025 Less included in other long-term assets 12,245 12,283 Total finance loans receivable, net $ 25,122 $ 62,205

Inventory (Tables)

Inventory (Tables)6 Months Ended
Dec. 31, 2018
Inventory [Abstract]
Schedule Of InventoryDecember 31, June 30, 2018 2018 Finished goods $ 10,272 $ 12,887 $ 10,272 $ 12,887

Fair Value Of Financial Instr_2

Fair Value Of Financial Instruments (Tables)6 Months Ended
Dec. 31, 2018
Fair Value Of Financial Instruments [Abstract]
Impact of EBITDA MultipleSensitivity for fair value of Cell C investment EBITDA multiple of 5.82 130,729 EBITDA multiple of 6.32 149,058 EBITDA multiple of 6.82 167,386
Outstanding Foreign Exchange ContractsFair market Notional amount Strike price value price Maturity USD 420,000 ZAR 15.3801 ZAR 14.4210 January 25, 2019 USD 140,000 ZAR 15.4386 ZAR 14.4704 February 22, 2019 USD 420,000 ZAR 15.4939 ZAR 14.5165 March 20, 2019 USD 420,000 ZAR 15.5704 ZAR 14.5842 April 26, 2019
Fair Value Of Assets And Liabilities Measured On Recurring BasisQuoted price in Significant active markets other Significant for identical observable unobservable assets inputs inputs (Level 1) (Level 2) (Level 3) Total Assets Investment in Cell C $ - $ - $ 149,058 $ 149,058 Related to insurance business: Cash, cash equivalents and restricted cash (included in other long-term assets) 593 - - 593 Fixed maturity investments (included in cash and cash equivalents) 8,319 - - 8,319 Other - 18 - 18 Total assets at fair value $ 8,912 $ 18 $ 149,058 $ 157,988 Liabilities DNI contingent consideration $ - $ - $ 26,790 $ 26,790 Foreign exchange contracts - 95 - 95 Total liabilities at fair value $ - $ 95 $ 26,790 $ 26,885
Quoted price in Significant active markets other Significant for identical observable unobservable assets inputs inputs (Level 1) (Level 2) (Level 3) Total Assets Investment in Cell C $ - $ - $ 172,948 $ 172,948 Related to insurance business: Cash and cash equivalents (included in other long-term assets) 610 - - 610 Fixed maturity investments (included in cash and cash equivalents) 8,304 - - 8,304 Other - 18 - 18 Total assets at fair value $ 8,914 $ 18 $ 172,948 $ 181,880 Liabilities DNI contingent consideration $ - $ - $ 27,222 $ 27,222 Total liabilities at fair value $ - $ - $ 27,222 $ 27,222
Carrying Value Of Assets And Liabilities Measured On Recurring BasisSummarized below is the movement in the carrying value of assets and liabilities measured at fair value on a recurring basis, and categorized within Level 3, during the six months ended December 31, 2018:
Carrying value Assets Balance as at June 30, 2018 $ 172,948 Loss on fair value re-measurements (15,836 ) Foreign currency adjustment (1) (8,054 ) Balance as of December 31, 2018 $ 149,058 Liabilities Balance as at June 30, 2018 $ 27,222 Accretion of interest 835 Foreign currency adjustment (1) (1,267 ) Balance as of December 31, 2018 $ 26,790 (1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value. Summarized below is the movement in the carrying value of assets and liabilities measured at fair value on a recurring basis, and categorized within Level 3, during the six months ended December 31, 2017:
Carrying value Assets Acquisition of investment in Cell C $ 151,003 Foreign currency adjustment (1) 10,692 Balance as of December 31, 2017 $ 161,695 (1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value.

Equity-Accounted Investments _2

Equity-Accounted Investments And Other Long-Term Assets (Tables)6 Months Ended
Dec. 31, 2018
Equity-Accounted Investments And Other Long-Term Assets [Abstract]
Ownership Percentage Of Equity-Accounted InvestmentsDecember 31, June 30, 2018 2018 Bank Frick & Co AG ("Bank Frick") 35 % 35 % Fanaka Holdings (Pty) Ltd ("Fanaka") 40 % - Finbond Group Limited ("Finbond") 29 % 29 % OneFi Limited (formerly KZ One) ("OneFi") 25 % 25 % SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia") 50 % 50 % Speckpack Field Services (Pty) Ltd ("Speckpack") 50 % 50 % V2 Limited ("V2") 50 % - Walletdoc Proprietary Limited ("Walletdoc") 20 % 20 %
Summary Of Movement In Equity-Accounted InvestmentsBank Frick Finbond Other (1 ) Total Investment in equity: Balance as of June 30, 2018 $ 48,129 $ 30,958 $ 6,092 $ 85,179 Acquisition of shares - 1,920 2,500 4,420 Stock-based compensation - 77 - 77 Comprehensive income (loss): (1,805 ) 7,305 56 5,556 Other comprehensive income - 5,430 - 5,430 Equity accounted earnings (loss) (1,805 ) 1,875 56 126 Share of net income 564 1,852 56 2,472 Amortization of acquired intangible assets (375 ) - - (375 ) Deferred taxes on acquired intangible assets 90 - - 90 Dilution resulting from corporate transactions - 23 - 23 Other (2,084 ) - - (2,084 ) Dividends received - (1,920 ) (454 ) (2,374 ) Return on investment - - (284 ) (284 ) Foreign currency adjustment (2) (341 ) (1,712 ) (104 ) (2,157 ) Balance as of December 31, 2018 $ 45,983 $ 36,628 $ 7,806 $ 90,417 Investment in loans: Balance as of June 30, 2018 $ - $ - $ 3,152 $ 3,152 Foreign currency adjustment (2) - - (8 ) (8 ) Balance as of December 31, 2018 $ - $ - $ 3,144 $ 3,144 (1) Includes Fanaka, OneFi, SmartSwitch Namibia, Speckpack, V2 and Walletdoc; (2) The foreign currency adjustment represents the effects of the fluctuations of the South African rand, Swiss franc, Nigerian naira and Namibian dollar, and the U.S. dollar on the carrying value.
Carrying Amount Of Equity-Accounted InvestmentsEquity Loans Total Carrying amount as of: June 30, 2018 $ 85,179 $ 3,152 $ 88,331 December 31, 2018 $ 90,417 $ 3,144 $ 93,561
Summary Of Other Long-Term AssetDecember 31, June 30, 2018 2018 Total equity investments $ 176,051 $ 199,865 Investment in 15% of Cell C, at fair value (Note 6) 149,058 172,948 Investment in 12% of MobiKwik (1) 26,993 26,917 Total held to maturity investments 9,036 10,395 Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes 9,036 10,395 Long-term portion of payments to agents in South Korea amortized over the contract period 14,341 17,582 Long-term portion of other finance loans receivable 12,245 12,283 Contingent purchase consideration - 9,064 Policy holder assets under investment contracts (Note 9) 593 610 Reinsurance assets under insurance contracts (Note 9) 688 633 Other long-term assets 6,623 5,948 Total other long-term assets $ 219,577 $ 256,380 (1) The Company has determined that MobiKwik does not have readily determinable fair value and has therefore elected to recorded this investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company accounted for its investment in MobiKwik at cost as of June 30, 2018.
Summary Of Unrealized Gain (Loss) On InvestmentsUnrealized Unrealized holding holding Carrying Cost basis gains losses value Equity securities: Investment in MobiKwik $ 26,993 $ - $ - $ 26,993 Held to maturity: Investment in Cedar Cellular notes 9,036 - - 9,036 Total $ 35,993 $ - $ - $ 37,591
Unrealized Unrealized Cost holding holding Carrying basis (1) gains (1) losses value Held to maturity: Investment in Cedar Cellular notes $ 10,395 $ - $ - $ 10,395 Total $ 10,395 $ - $ - $ 10,395 (1) An amount of $1.4 million attributed to interest recognized under the Cedar Cellular note was incorrectly included in the unrealized holding gains column as of June 30, 2018, and has been reclassified to the cost basis column.
Summary Of Contractual Maturity Of InvestmentEstimated Cost fair basis value (1 ) Due in one year or less $ - $ - Due in one year through five years 9,036 8,546 Due in five years through ten years - - Due after ten years - - Total $ 9,036 $ 8,546 (1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Company's portion of the security provided to the Company by Cedar Cellular, namely, Cedar Cellular's investment in Cell C.

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets, Net (Tables)6 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets, Net [Abstract]
Carrying Value Of GoodwillSummarized below is the movement in the carrying value of goodwill for the six months ended December 31, 2018:
Accumulated Carrying Gross value impairment value Balance as of June 30, 2018 $ 304,013 $ (20,773 ) $ 283,240 Impairment of goodwill - (8,191 ) (8,191 ) Foreign currency adjustment (1) (7,187 ) 102 (7,085 ) Balance as of December 31, 2018 $ 296,826 $ (28,862 ) $ 267,964 (1) – the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value.
Goodwill Allocated To Reportable SegmentsSouth Financial African International inclusion and transaction transaction applied Carrying processing processing technologies value Balance as of June 30, 2018 $ 20,946 $ 123,948 $ 138,346 $ 283,240 Impairment of goodwill (1,180 ) (7,011 ) - (8,191 ) Foreign currency adjustment (1) (974 ) 64 (6,175 ) (7,085 ) Balance as of December 31, 2018 $ 18,792 $ 117,001 $ 132,171 $ 267,964 (1) – the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value.
Carrying Value And Accumulated Amortization Of Intangible AssetsAs of December 31, 2018 As of June 30, 2018 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying value amortization value value amortization value Finite-lived intangible assets: Customer relationships $ 193,225 $ (85,689 ) $ 107,536 $ 197,676 $ (76,237 ) $ 121,439 Software and unpatented technology 33,956 (32,630 ) 1,326 35,730 (32,342 ) 3,388 FTS patent 2,662 (2,662 ) - 2,792 (2,792 ) - Exclusive licenses 4,506 (4,506 ) - 4,506 (4,506 ) - Trademarks and brands 12,185 (6,574 ) 5,611 11,101 (5,589 ) 5,512 Total finite-lived intangible assets 246,534 (132,061 ) 114,473 251,805 (121,466 ) 130,339 Indefinite-lived intangible assets: Financial institution license 777 - 777 793 - 793 Total indefinite-lived intangible assets 777 - 777 793 - 793 Total intangible assets $ 247,311 $ (132,061 ) $ 115,250 $ 252,598 $ (121,466 ) $ 131,132
Future Estimated Annual Amortization ExpenseFiscal 2019 $ 24,393 Fiscal 2020 19,342 Fiscal 2021 13,885 Fiscal 2022 10,693 Fiscal 2023 10,693 Thereafter 47,730 Total future estimated annual amortization expense $ 126,736

Reinsurance Assets And Policy_2

Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Tables)6 Months Ended
Dec. 31, 2018
Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract]
Summary Of The Movement In Reinsurance Assets And Policyholder Liabilities Under Insurance ContractsReinsurance Insurance assets (1) contracts (2) Balance as of June 30, 2018 $ 633 $ (2,032 ) Increase in policyholder benefits under insurance contracts 406 (4,519 ) Claims and policyholders' benefits under insurance contracts. (321 ) 4,627 Foreign currency adjustment (3) (30 ) 95 Balance as of December 31, 2018 $ 688 $ (1,829 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) Represents the effects of the fluctuations between the ZAR and the U.S. dollar.
Summary Of Movement In Assets And Policyholder Liabilities Under Investment ContractsInvestment Assets (1) contracts (2) Balance as of June 30, 2018 $ 610 $ (610 ) Increase in policyholder benefits under investment contracts 12 (12 ) Foreign currency adjustment (3) (29 ) 29 Balance as of December 31, 2018 $ 593 $ (593 ) (1) Included in other long-term assets. (2) Included in other long-term liabilities. (3) Represents the effects of the fluctuations between the ZAR and the U.S. dollar.

Borrowings (Tables)

Borrowings (Tables)6 Months Ended
Dec. 31, 2018
Borrowings [Abstract]
Summary Of Short-Term Credit FacilitiesSouth Africa United States Amended July 2017 Nedbank Bank Frick Total Short-term facilities as of December 31, 2018: $ 104,196 $ 48,625 $ 10,000 $ 162,821 Overdraft - 20,839 10,000 30,839 Overdraft restricted as to use for ATM funding only 104,196 17,366 - 121,562 Indirect and derivative facilities - 10,420 - 10,420 Movement in utilized overdraft facilities: Balance as of June 30, 2018 - - - - Utilized 260,942 40,303 4,992 306,237 Repaid (212,265 ) (28,469 ) (4,992 ) (245,726 ) Foreign currency adjustment (1) 2,436 184 - 2,620 Balance as of December 31, 2018 (2) 51,113 12,018 - 63,131 Restricted as to use for ATM funding only 51,113 12,018 - 63,131 No restrictions as to use - - - - Movement in utilized indirect and derivative facilities: Balance as of June 30, 2018 - 7,871 - 7,871 Guarantees cancelled - (834 ) - (834 ) Utilized - 151 - 151 Foreign currency adjustment (1) - (366 ) - (366 ) Balance as of December 31, 2018 $ - $ 6,822 $ - $ 6,822 (1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. (2) Nedbank as of December 31, 2018, of $12.0 million comprises the net of total overdraft facilities withdrawn of $16.8 million offset against funds in bank accounts with Nedbank of $4.8 million.
Summary Of Long-Term BorrowingsSouth Africa Amended June 2018 July 2017 Facility Total Included in current portion of long-term borrowings $ 44,695 $ - $ 44,695 Included in long-term borrowings 5,469 - 5,469 Balance as of June 30, 2018 50,164 - 50,164 Utilized - 11,004 11,004 Repaid (20,855 ) (2,956 ) (23,811 ) Foreign currency adjustment (1) (2,937 ) 635 (2,302 ) Balance as of December 31, 2018 26,372 8,683 35,055 Included in current portion of long-term borrowings 24,660 - 24,660 Included in long-term borrowings $ 1,712 $ 8,683 $ 10,395 (1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar.

Capital Structure (Tables)

Capital Structure (Tables)6 Months Ended
Dec. 31, 2018
Capital Structure [Abstract]
Schedule Of Number Of Shares, Net Of TreasuryDecember 31, December 31, 2018 2017 Number of shares, net of treasury: Statement of changes in equity 56,833,925 56,832,370 Less: Non-vested equity shares that have not vested (Note 13) 860,817 (911,856 ) Number of shares, net of treasury excluding non-vested equity shares that have not vested 55,973,108 55,920,514

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)6 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Loss [Abstract]
Change In Accumulated Other Comprehensive (Loss) Income Per ComponentSix months ended December 31, 2018 Accumulated net unrealized Accumulated income on foreign asset currency available for translation sale, net of reserve tax Total Balance as of June 30, 2018 $ (184,436 ) $ - $ (184,436 ) Movement in foreign currency translation reserve related to equity- accounted investment 5,430 - 5,430 Movement in foreign currency translation reserve (19,266 ) - (19,266 ) Balance as of December 31, 2018 $ (198,272 ) $ - $ (198,272 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)6 Months Ended
Dec. 31, 2018
Stock-Based Compensation [Abstract]
Summarized Stock Option ActivityWeighted Weighted average Weighted average remaining Aggregate average exercise contractu intrinsic grant date Number of price al term value fair value shares ($) (in years) ($' ) ($) Outstanding – June 30, 2018 809,274 13.99 2.67 370 4.20 Granted – September 2018 600,000 6.20 10.00 1,212 2.02 Forfeitures (200,000 ) 24.46 7.17 Outstanding – December 31, 2018 1,209,274 8.41 6.15 72 2.62 Outstanding – June 30, 2017 846,607 13.87 3.80 486 4.21 Forfeitures (37,333 ) 11.23 4.55 Outstanding – December 31, 2017 809,274 13.99 3.40 468 4.20
Weighted Weighted average average remaining Aggregate exercise contractual intrinsic Number of price term value shares ($) (in years) ($' ) Vested and expected to vest – December 31, 2018 . 1,209,274 8.41 6.15 72
Weighted average average remaining Aggregate exercise contractual intrinsic Number of price term value shares ($) (in years) ($' ) Exercisable – December 31, 2018 609,274 10.56 2.84 72
Range Of Assumptions Used To Value Options GrantedSix months ended December 31, 2018 Expected volatility 44 % Expected dividends 0 % Expected life (in years) 3 Risk-free rate 2.75 %
Restricted Stock ActivityNumber of Weighted shares of average grant restricted date fair value stock ($' ) Non-vested – June 30, 2018 765,411 6,162 Granted – September 2018 148,000 114 Vested – August 2018 (52,594 ) 459 Non-vested – December 31, 2018 860,817 5,785 Non-vested – June 30, 2017 505,473 11,173 Granted – August 2017 588,594 4,288 Vested – August 2017 (56,250 ) 527 Forfeitures (30,635 ) 358 Forfeitures – August and November 2014 awards with market conditions (95,326 ) 1,133 Non-vested – December 31, 2017 911,856 9,365
Recorded Net Stock Compensation ChargeAllocated to cost of goods sold, IT Allocated to processing, selling, general Total servicing and and charge support administration Three months ended December 31, 2018 Stock-based compensation charge $ 598 $ - $ 598 Total – three months ended December 31, 2018 . $ 598 $ - $ 598 Three months ended December 31, 2017 Stock-based compensation charge $ 608 $ - $ 608 Total – three months ended December 31, 2017 . $ 608 $ - $ 608
Allocated to cost of goods sold, IT Allocated to processing, selling, general Total servicing and and charge support administration Six months ended December 31, 2018 Stock-based compensation charge $ 1,185 $ - $ 1,185 Total – six months ended December 31, 2018 $ 1,185 $ - $ 1,185 Six months ended December 31, 2017 Stock-based compensation charge $ 1,477 $ - $ 1,477 Reversal of stock compensation charge related to stock options forfeited (42 ) - (42 ) Total – six months ended December 31, 2017 $ 1,435 $ - $ 1,435

Earnings Per Share (Tables)

Earnings Per Share (Tables)6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]
Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share ComputationsThree months ended Six months ended December 31, December 31, 2018 2017 2018 2017 (in thousands except (in thousands except percent and percent and per share data) per share data) Numerator: Net (loss) income attributable to Net1 (63,941 ) $ 9,622 (69,140 ) $ 29,105 Undistributed (loss) earnings (63,941 ) 9,622 (69,140 ) 29,105 Percent allocated to common shareholders (Calculation 1) 98 % 99 % 99 % 98 % Numerator for (loss) earnings per share: basic and diluted (62,972 ) $ 9,481 (68,146 ) $ 28,664 Denominator: Denominator for basic (loss) earnings per share: weighted- average common shares outstanding 55,973 55,923 55,962 55,902 Effect of dilutive securities: Stock options 21 52 36 50 Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assumed conversion 55,994 55,975 55,998 55,952 (Loss) Earnings per share: Basic $ (1.13 ) $ 0.17 $ (1.22 ) $ 0.51 Diluted $ (1.12 ) $ 0.17 $ (1.22 ) $ 0.51 (Calculation 1) Basic weighted-average common shares outstanding (A) 55,973 55,923 55,962 55,902 Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B) 56,834 56,755 56,778 56,762 Percent allocated to common shareholders (A) / (B) 98 % 99 % 99 % 98 %

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)6 Months Ended
Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow DisclosuresThree months ended Six months ended December 31, December 31, 2018 2017 2018 2017 Cash received from interest $ 1,285 $ 4,562 $ 3,362 $ 9,848 Cash paid for interest $ 2,588 $ 2,330 $ 5,654 $ 4,418 Cash paid for income taxes $ 8,779 $ 18,613 $ 10,122 $ 20,649

Revenue Recognition (Tables)

Revenue Recognition (Tables)6 Months Ended
Dec. 31, 2018
Revenue Recognition [Abstract]
Revenue Disaggregated By Major Revenue StreamsThe following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the three months ended December 31, 2018:
Rest of South the Africa Korea world Total South African transaction processing Processing fees $ 19,031 $ - $ - $ 19,031 Welfare benefit distributions fees - - - - Other 1,772 - - 1,772 Sub-total 20,803 - - 20,803 International transaction processing Processing fees - 34,382 2,543 36,925 Other - 1,018 181 1,199 Sub-total - 35,400 2,724 38,124 Financial inclusion and applied technologies Telecom products and services 18,020 - - 18,020 Account holder fees 3,140 - - 3,140 Lending revenue 5,969 - - 5,969 Technology products 5,771 - - 5,771 Insurance revenue 1,310 - - 1,310 Other 4,013 - - 4,013 Sub-total 38,223 - - 38,223 $ 59,026 $ 35,400 $ 2,724 $ 97,150 The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the six months ended December 31, 2018:
Rest of South the Africa Korea world Total South African transaction processing Processing fees $ 49,260 $ - $ - $ 49,260 Welfare benefit distributions fees 3,086 - - 3,086 Other 2,920 - - 2,920 Sub-total 55,266 - - 55,266 International transaction processing Processing fees - 68,971 5,198 74,169 Other - 2,980 362 3,342 Sub-total - 71,951 5,560 77,511 Financial inclusion and applied technologies Telecom products and services 37,167 - - 37,167 Account holder fees 13,745 - - 13,745 Lending revenue 15,946 - - 15,946 Technology products 10,039 - - 10,039 Insurance revenue 3,825 - - 3,825 Other 9,535 - - 9,535 Sub-total 90,257 - - 90,257 $ 145,523 $ 71,951 $ 5,560 $ 223,034

Operating Segments (Tables)

Operating Segments (Tables)6 Months Ended
Dec. 31, 2018
Operating Segments [Abstract]
Reconciliation Of Reportable Segments RevenueRevenue From Reportable Inter external Segment segment customers South African transaction processing $ 21,970 $ 1,167 $ 20,803 International transaction processing 38,124 - 38,124 Financial inclusion and applied technologies 38,755 532 38,223 Total for the three months ended December 31, 2018 $ 98,849 $ 1,699 $ 97,150 South African transaction processing $ 64,148 $ 6,181 $ 57,967 International transaction processing 44,185 - 44,185 Financial inclusion and applied technologies 54,131 7,867 46,264 Total for the three months ended December 31, 2017 $ 162,464 $ 14,048 $ 148,416
Revenue From Reportable Inter external Segment segment customers South African transaction processing $ 59,719 $ 4,453 $ 55,266 International transaction processing 77,511 - 77,511 Financial inclusion and applied technologies 91,961 1,704 90,257 Total for the six months ended December 31, 2018 $ 229,191 $ 6,157 $ 223,034 South African transaction processing $ 130,585 $ 12,326 $ 118,259 International transaction processing 90,207 - 90,207 Financial inclusion and applied technologies 108,444 15,936 92,508 Total for the six months ended December 31, 2017 $ 329,236 $ 28,262 $ 300,974
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To IncomeThree months ended Six months ended December 31, December 31, 2018 2017 2018 2017 Reportable segments measure of profit or loss ($ 34,411 ) $ 21,216 ($ 23,860 ) $ 52,784 Operating income: Corporate/Eliminations (8,664 ) (4,909 ) (18,319 ) (11,471 ) Change in value of equity securities (15,836 ) - (15,836 ) - Interest income, net of impairment (331 ) 4,705 1,545 9,749 Interest expense (2,778 ) (2,325 ) (5,537 ) (4,446 ) (Loss) Income before income taxes ($ 62,020 ) $ 18,687 ($ 62,007 ) $ 46,616
Summary Of Segment InformationThree months ended Six months ended December 31, December 31, 2018 2017 2018 2017 Revenues South African transaction processing $ 21,970 $ 64,148 $ 59,719 130,585 International transaction processing 38,124 44,185 77,511 90,207 Financial inclusion and applied technologies 38,755 54,131 91,961 108,444 Total 98,849 162,464 229,191 329,236 Operating income (loss) South African transaction processing (11,830 ) 13,470 (15,343 ) 25,802 International transaction processing (4,043) (4,991 ) (1,281) 325 Financial inclusion and applied technologies (18,538 ) 12,737 (7,236 ) 26,657 Subtotal: Operating segments (34,411 ) 21,216 (23,860 ) 52,784 Corporate/Eliminations (8,664 ) (4,909 ) (18,319 ) (11,471 ) Total $ (43,075 ) $ 16,307 $ (42,179 ) $ 41,313 Depreciation and amortization South African transaction processing $ 921 $ 1,087 $ 1,862 $ 2,240 International transaction processing 2,511 4,381 5,570 9,013 Financial inclusion and applied technologies 405 309 1,041 664 Subtotal: Operating segments 3,837 5,777 8,473 11,917 Corporate/Eliminations 6,016 2,946 12,174 5,772 Total 9,853 8,723 20,647 17,689 Expenditures for long-lived assets South African transaction processing 1,047 900 2,333 1,377 International transaction processing 841 892 1,641 1,798 Financial inclusion and applied technologies 659 311 1,691 401 Subtotal: Operating segments 2,547 2,103 5,665 3,576 Corporate/Eliminations - - - - Total $ 2,547 $ 2,103 $ 5,665 $ 3,576

Accounts Receivable, Net And _3

Accounts Receivable, Net And Finance Loans Receivable, Net (Narrative) (Details) - USD ($) $ in Millions3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2018
Accounts Receivable, Net And Finance Loans Receivable, Net [Abstract]
Increase in allowance for doubtful microlending finance loans receivable $ 23.4 $ 27.8

Accounts Receivable, Net And _4

Accounts Receivable, Net And Finance Loans Receivable, Net (Schedule Of Accounts Receivable) (Details) - USD ($) $ in Thousands6 Months Ended12 Months Ended
Dec. 31, 2018Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: Payments to agents in South Korea amortized over the contract period included in other long-term assets (Note 7) $ 14,341 $ 17,582
Total accounts receivable, net105,007 109,683 [1]
Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, trade, net33,282 49,365
Accounts receivable, trade, gross34,613 50,466
Allowance for doubtful accounts receivable, end of period1,331 1,101
Beginning of year1,101 1,255
Reversed to statement of operations(2)(47)
Charged to statement of operations2,985 642
Utilized(2,763)(776)
Foreign currency adjustment10 27
Current portion of payments to agents in South Korea amortized over the contract period19,480 21,971
Payments to agents in South Korea amortized over the contract period33,822 39,554
Less: Payments to agents in South Korea amortized over the contract period included in other long-term assets (Note 7)14,341 17,582
Loans provided to Finbond1,042 1,107
Contingent purchase consideration6,362
Other receivables44,841 37,240
Total accounts receivable, net $ 105,007 $ 109,683
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Accounts Receivable, Net And _5

Accounts Receivable, Net And Finance Loans Receivable, Net (Schedule Of Finance Loans Receivable) (Details) - USD ($) $ in Thousands6 Months Ended12 Months Ended
Dec. 31, 2018Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current portion of other finance loans receivable $ 5,577 $ 742
Total other finance loans receivable17,822 13,025
Less included in other long-term assets12,245 12,283
Total finance loans receivable, net25,122 62,205 [1]
Microlending Finance Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable, net15,609 57,504
Receivable, gross42,829 61,743
Allowance for doubtful receivable, end of period27,220 4,239
Beginning of year4,239 3,717
Charged to statement of operations27,798 4,348
Utilized(4,522)(3,588)
Foreign currency adjustment(295)(238)
Working Capital Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable, net3,936 3,959
Receivable, gross16,566 16,123
Allowance for doubtful receivable, end of period12,630 12,164
Beginning of year12,164 3,752
Charged to statement of operations465 8,415
Foreign currency adjustment $ 1 $ (3)
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventory) (Details) - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
Inventory [Abstract]
Finished goods $ 10,272 $ 12,887
Inventory $ 10,272 $ 12,887 [1]
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Fair Value Of Financial Instr_3

Fair Value Of Financial Instruments (Narrative) (Details) R in Millions3 Months Ended6 Months Ended
Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2018ZAR (R)sharesDec. 31, 2018USD ($)sharesJun. 30, 2018ZAR (R)contractJun. 30, 2018USD ($)contract
Derivatives, Fair Value [Line Items]
Other payables $ 73,464,000 $ 47,994,000 [1]
Transfers into or out of Level 3 $ 0 $ 0 $ 0 $ 0
Minimum [Member]
Derivatives, Fair Value [Line Items]
Years of significant fluctuation of US Dollar to ZAR exchange rate3 years
Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Outstanding foreign exchange contracts | contract0 0
Cell C [Member]
Derivatives, Fair Value [Line Items]
Equity method investment, percentage of ownership interest14.00%14.00%
Adjusted EBITDA $ 270,900,000 R 3,900
Net external debt $ 611,400,000 R 8,800
EBITDA multiple6.32%6.32%
Marketability discount10.00%10.00%
Cell C [Member] | EBITDA Multiple [Member]
Derivatives, Fair Value [Line Items]
Impact of increase and decrease to EBITDA multiple0.50
Finbond [Member]
Derivatives, Fair Value [Line Items]
Investment shares owned | shares267,672,032 267,672,032
Cell C [Member] | Net1 SA [Member] | Class A [Member]
Derivatives, Fair Value [Line Items]
Investment shares owned | shares75,000,000 75,000,000
DNI [Member]
Derivatives, Fair Value [Line Items]
DNI contingent consideration R 400 $ 27,800,000
Other payables R 385.7 $ 26,800,000
Long-term liabilities R 373.6 $ 27,200,000
Interest rate6.30%6.30%
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Fair Value Of Financial Instr_4

Fair Value Of Financial Instruments (Impact of EBITDA Multiple) (Details) - Cell C [Member] - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
EBITDA Multiple6.32%
EBITDA Multiple Of 5.82 Times [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
EBITDA Multiple5.82%
Sensitivity for fair value of investment $ 130,729
EBITDA Multiple Of 6.32 Times [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
EBITDA Multiple6.32%
Sensitivity for fair value of investment $ 149,058
EBITDA Multiple Of 6.82 Times [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
EBITDA Multiple6.82%
Sensitivity for fair value of investment $ 167,386

Fair Value Of Financial Instr_5

Fair Value Of Financial Instruments (Outstanding Foreign Exchange Contracts) (Details) - 6 months ended Dec. 31, 2018 $ in ThousandsR / sharesUSD ($)R / item
Foreign Exchange Contract 1 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | $ $ 420,000
Strike price | R / item15.3801
Fair market value price | R / shares R 14.4210
MaturityJan. 25,
2019
Foreign Exchange Contract 2 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | $ $ 140,000
Strike price | R / item15.4386
Fair market value price | R / shares R 14.4704
MaturityFeb. 22,
2019
Foreign Exchange Contract 3 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | $ $ 420,000
Strike price | R / item15.4939
Fair market value price | R / shares R 14.5165
MaturityMar. 20,
2019
Foreign Exchange Contract 4 [Member]
Derivatives, Fair Value [Line Items]
Notional amount | $ $ 420,000
Strike price | R / item15.5704
Fair market value price | R / shares R 14.5842
MaturityApr. 26,
2019

Fair Value Of Financial Instr_6

Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - Recurring [Member] - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018Dec. 31, 2017Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in Cell C $ 149,058 $ 172,948
Cash, cash equivalents and restricted cash (included in other long-term assets)593
Cash and cash equivalents (included in other long-term assets)610
Fixed maturity investments (included in cash and cash equivalents)8,319 8,304
Other18 18
Total assets at fair value157,988 181,880
DNI contingent consideration26,790 27,222
Foreign exchange contracts95
Total liabilities at fair value26,885 27,222
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, cash equivalents and restricted cash (included in other long-term assets)593
Cash and cash equivalents (included in other long-term assets)610
Fixed maturity investments (included in cash and cash equivalents)8,319 8,304
Total assets at fair value8,912 8,914
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other18 18
Total assets at fair value18 18
Foreign exchange contracts95
Total liabilities at fair value95
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in Cell C149,058 172,948
Total assets at fair value149,058 172,948 $ 161,695 $ 151,003
DNI contingent consideration26,790 27,222
Total liabilities at fair value $ 26,790 $ 27,222

Fair Value Of Financial Instr_7

Fair Value Of Financial Instruments (Carrying Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - Recurring [Member] - USD ($) $ in Thousands6 Months Ended
Dec. 31, 2018Dec. 31, 2017
Assets
Beginning balance, Carrying value $ 181,880
Ending balance, Carrying value157,988
Liabilities
Beginning balance, Carrying value27,222
Ending balance, Carrying value26,885
Significant Unobservable Inputs (Level 3) [Member]
Assets
Beginning balance, Carrying value172,948 $ 151,003
Loss on fair value re-measurements(15,836)
Foreign currency adjustment(8,054)10,692
Ending balance, Carrying value149,058 $ 161,695
Liabilities
Beginning balance, Carrying value27,222
Accretion of interest835
Foreign currency adjustment[1](1,267)
Ending balance, Carrying value $ 26,790
[1]The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value.

Equity-Accounted Investments _3

Equity-Accounted Investments And Other Long-Term Assets (Narrative) (Details) R / shares in Units, $ in Thousands, item in Billions, R in BillionsOct. 04, 2018USD ($)itemJul. 11, 2018sharesDec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2018ZAR (R)R / sharesDec. 31, 2018USD ($)Jun. 30, 2018USD ($)
Market value of holding $ 93,561 $ 88,331 [1]
Finbond [Member]
Share price | R / shares R 5.35
Market value of holding R 1.4 $ 99,500
Equity-accounted investments, ownership percentage29.00%29.00%29.00%
Finbond [Member] | Capitalization Share Issue In Lieu Of A Dividend [Member]
Number of additional shares acquired | shares6,602,551
V2 [Member]
Percentage of ownership interest50.00%
Equity acquisition amount under purchase agreement $ 2,500
Contribute amount2,500
Working capital facility $ 5,000
Equity-accounted investments, ownership percentage50.00%50.00%
V2 [Member] | Minimum [Member]
Number of underbanked citizens | item1
DNI [Member]
Equity-accounted investments, ownership percentage16.00%16.00%
Cedar Cellular [Member]
Maturity dateAug. 1,
2022
Other-than-temporary impairment related to the credit loss $ 2,700 $ 2,700
Amortized cost basis before impairment11,800
Cedar Cellular [Member] | 8.625% Notes [Member]
Equity-accounted investments, ownership percentage7.625%7.625%7.625%
Interest rate8.625%8.625%8.625%
Cell C [Member]
Equity-accounted investments, ownership percentage15.00%15.00%15.00%
DNI [Member]
Interest rate6.30%6.30%
MobiKwik [Member]
Business acquisition, cost of acquired entity1,100 1,100
Equity-accounted investments, ownership percentage12.00%12.00%
Cedar Cellular [Member]
Interest rate24.82%24.82%
Interest income recognized $ 1,200 $ 200 1,400 $ 200
Amount expected to be recovered from debt security at maturity22,000
Present value of expected cash flows from debt security $ 9,000
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Equity-Accounted Investments _4

Equity-Accounted Investments And Other Long-Term Assets (Ownership Percentage Of Equity-Accounted Investments) (Details)Dec. 31, 2018Jun. 30, 2018
Bank Frick [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage35.00%35.00%
Fanaka [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage40.00%
Finbond [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage29.00%29.00%
OneFi [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage25.00%25.00%
SmartSwitch Namibia [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage50.00%50.00%
Speckpack [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage50.00%50.00%
V2 [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage50.00%
Walletdoc [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage20.00%20.00%
DNI [Member]
Schedule of Equity Method Investments [Line Items]
Equity-accounted investments, ownership percentage16.00%

Equity-Accounted Investments _5

Equity-Accounted Investments And Other Long-Term Assets (Summary Of Movement In Equity-Accounted Investments) (Details) - USD ($) $ in Thousands6 Months Ended
Dec. 31, 2018Dec. 31, 2017
Investment in equity:
Balance as of, beginning $ 85,179
Acquisition of shares4,420
Stock-based compensation77 $ (207)
Comprehensive income (loss):5,556
Other comprehensive income5,430
Equity accounted earnings (loss)126
Share of net income2,472
Amortization acquired intangible assets(375)
Deferred taxes acquired intangible assets90
Dilution resulting from corporate transactions23
Other(2,084)
Dividends received(2,374)
Return on investment(284)
Foreign currency adjustment(2,157)
Balance as of, ending90,417
Investment in loans:
Balance as of, beginning3,152
Foreign currency adjustment(8)
Balance as of, ending3,144
Bank Frick [Member]
Investment in equity:
Balance as of, beginning48,129
Comprehensive income (loss):(1,805)
Equity accounted earnings (loss)(1,805)
Share of net income564
Amortization acquired intangible assets(375)
Deferred taxes acquired intangible assets90
Other(2,084)
Foreign currency adjustment(341)
Balance as of, ending45,983
Finbond [Member]
Investment in equity:
Balance as of, beginning30,958
Acquisition of shares1,920
Stock-based compensation77
Comprehensive income (loss):7,305
Other comprehensive income5,430
Equity accounted earnings (loss)1,875
Share of net income1,852
Dilution resulting from corporate transactions23
Dividends received(1,920)
Foreign currency adjustment(1,712)
Balance as of, ending36,628
Other [Member]
Investment in equity:
Balance as of, beginning6,092
Acquisition of shares2,500
Comprehensive income (loss):56
Equity accounted earnings (loss)56
Share of net income56
Dividends received(454)
Return on investment(284)
Foreign currency adjustment(104)
Balance as of, ending7,806
Investment in loans:
Balance as of, beginning3,152
Foreign currency adjustment(8)
Balance as of, ending $ 3,144

Equity-Accounted Investments _6

Equity-Accounted Investments And Other Long-Term Assets (Carrying Amount Of Equity-Accounted Investments) (Details) - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
Equity-Accounted Investments And Other Long-Term Assets [Abstract]
Equity $ 90,417 $ 85,179
Loans3,144 3,152
Total $ 93,561 $ 88,331

Equity-Accounted Investments _7

Equity-Accounted Investments And Other Long-Term Assets (Summary Of Other Long-Term Asset) (Details) - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
Schedule Of Equity And Held To Maturity Investments [Line Items]
Total equity investments $ 176,051 $ 199,865
Total held to maturity investments9,036 10,395
Long-term portion of payments to agents in South Korea amortized over the contract period14,341 17,582
Long-term portion of other finance loans receivable12,245 12,283
Contingent purchase consideration9,064
Policy holder assets under investment contracts (Note 9)593 610
Reinsurance assets under insurance contracts (Note 9)688 633
Other long-term assets6,623 5,948
Total other long-term assets219,577 256,380 [1]
Cell C [Member]
Schedule Of Equity And Held To Maturity Investments [Line Items]
Total equity investments $ 149,058 $ 172,948
Equity-accounted investments, ownership percentage15.00%15.00%
MobiKwik [Member]
Schedule Of Equity And Held To Maturity Investments [Line Items]
Total equity investments $ 26,993 $ 26,917
Equity-accounted investments, ownership percentage12.00%12.00%
Cedar Cellular [Member]
Schedule Of Equity And Held To Maturity Investments [Line Items]
Total held to maturity investments $ 9,036 $ 10,395
Cedar Cellular [Member] | 8.625% Notes [Member]
Schedule Of Equity And Held To Maturity Investments [Line Items]
Equity-accounted investments, ownership percentage7.625%7.625%
Interest rate8.625%8.625%
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Equity-Accounted Investments _8

Equity-Accounted Investments And Other Long-Term Assets (Summary Of Unrealized Gain (Loss) On Investments) (Details) - USD ($) $ in Thousands6 Months Ended12 Months Ended
Dec. 31, 2018Jun. 30, 2018
Schedule Of Equity And Held To Maturity Investments [Line Items]
Cost basis $ 35,993 $ 10,395
Carrying value37,591 10,395
MobiKwik [Member]
Schedule Of Equity And Held To Maturity Investments [Line Items]
Cost basis26,993
Carrying value26,993
Cedar Cellular [Member]
Schedule Of Equity And Held To Maturity Investments [Line Items]
Cost basis9,036 10,395
Carrying value9,036 $ 10,395
Interest income reclassified to the cost basis $ 1,400

Equity-Accounted Investments _9

Equity-Accounted Investments And Other Long-Term Assets (Summary Of Contractual Maturity Of Investment) (Details) $ in ThousandsDec. 31, 2018USD ($)
Equity-Accounted Investments And Other Long-Term Assets [Abstract]
Due in one year through five years, Cost basis $ 9,036
Total, Cost basis9,036
Due in one year through five years, Estimated fair value8,546
Total, Estimated fair value $ 8,546

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets, Net (Narrative) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Impairment of goodwill $ (8,191) $ (8,191)
Amortization expense $ 6,100 $ 2,900 12,200 $ 5,800
International Transaction Processing [Member]
Impairment of goodwill(7,011)
South African Transaction Processing [Member]
Impairment of goodwill $ (1,180)

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets, Net (Carrying Value Of Goodwill) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2018
Goodwill And Intangible Assets, Net [Abstract]
Gross value, Beginning Balance $ 304,013
Gross value, Foreign currency adjustment(7,187)
Gross value, Ending Balance $ 296,826 296,826
Accumulated impairment, Beginning Balance(20,773)
Accumulated impairment, Impairment of goodwill(8,191)(8,191)
Accumulated impairment, Foreign currency adjustment102
Accumulated impairment, Ending Balance(28,862)(28,862)
Carrying value, Beginning Balance[1]283,240
Carrying value, Impairment loss(8,191)(8,191)
Carrying value, Foreign currency adjustment(7,085)
Carrying value, Ending Balance $ 267,964 $ 267,964
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Goodwill And Intangible Asset_5

Goodwill And Intangible Assets, Net (Goodwill Allocated To Reportable Segments) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2018
Goodwill [Line Items]
Carrying value, Beginning Balance[1] $ 283,240
Carrying value, Impairment loss $ (8,191)(8,191)
Carrying value, Foreign currency adjustment(7,085)
Carrying value, Ending Balance267,964 267,964
South African Transaction Processing [Member]
Goodwill [Line Items]
Carrying value, Beginning Balance20,946
Carrying value, Impairment loss(1,180)
Carrying value, Foreign currency adjustment(974)
Carrying value, Ending Balance18,792 18,792
International Transaction Processing [Member]
Goodwill [Line Items]
Carrying value, Beginning Balance123,948
Carrying value, Impairment loss(7,011)
Carrying value, Foreign currency adjustment64
Carrying value, Ending Balance117,001 117,001
Financial Inclusion And Applied Technologies [Member]
Goodwill [Line Items]
Carrying value, Beginning Balance138,346
Carrying value, Foreign currency adjustment(6,175)
Carrying value, Ending Balance $ 132,171 $ 132,171
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Goodwill And Intangible Asset_6

Goodwill And Intangible Assets, Net (Carrying Value And Accumulated Amortization Of Intangible Assets) (Details) - USD ($) $ in ThousandsDec. 31, 2018Jun. 30, 2018
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying value $ 246,534 $ 251,805
Accumulated amortization(132,061)(121,466)
Finite-lived intangible assets, Net carrying value114,473 130,339
Indefinite-lived intangible assets777 793
Total intangible assets, Gross carrying value247,311 252,598
Total intangible assets, Net carrying value115,250 131,132 [1]
Financial Institution License [Member]
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets777 793
Customer Relationships [Member]
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying value193,225 197,676
Accumulated amortization(85,689)(76,237)
Finite-lived intangible assets, Net carrying value107,536 121,439
Software And Unpatented Technology [Member]
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying value33,956 35,730
Accumulated amortization(32,630)(32,342)
Finite-lived intangible assets, Net carrying value1,326 3,388
FTS Patent [Member]
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying value2,662 2,792
Accumulated amortization(2,662)(2,792)
Exclusive Licenses [Member]
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying value4,506 4,506
Accumulated amortization(4,506)(4,506)
Trademarks And Brands [Member]
Finite-Lived And Infinite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross carrying value12,185 11,101
Accumulated amortization(6,574)(5,589)
Finite-lived intangible assets, Net carrying value $ 5,611 $ 5,512
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Goodwill And Intangible Asset_7

Goodwill And Intangible Assets, Net (Future Estimated Annual Amortization Expense) (Details) $ in ThousandsDec. 31, 2018USD ($)
Goodwill And Intangible Assets, Net [Abstract]
Fiscal 2,019 $ 24,393
Fiscal 2,020 19,342
Fiscal 2,021 13,885
Fiscal 2,022 10,693
Fiscal 2,023 10,693
Thereafter47,730
Total future estimated annual amortization expense $ 126,736

Reinsurance Assets And Policy_3

Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Summary Of The Movement In Reinsurance Assets And Policyholder Liabilities Under Insurance Contracts) (Details) $ in Thousands6 Months Ended
Dec. 31, 2018USD ($)
Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract]
Reinsurance assets, Beginning Balance $ 633 [1]
Reinsurance assets, Increase in policyholder benefits under insurance contracts406 [1]
Reinsurance assets, Claims and policyholders' benefits under insurance contracts(321)[1],[2]
Reinsurance assets, Foreign currency adjustment(30)[1],[2]
Reinsurance assets, Ending Balance688 [1]
Insurance contracts, Beginning Balance(2,032)[3]
Insurance contracts, Increase in policyholder benefits under insurance contracts(4,519)[3]
Insurance contracts, Claims and policyholders' benefits under insurance contracts4,627 [2],[3]
Insurance contracts, Foreign currency adjustment95 [2],[3]
Insurance contracts, Ending Balance $ (1,829)[3]
[1]Included in other long-term assets.
[2]Represents the effects of the fluctuations between the ZAR and the U.S. dollar.
[3]Included in other long-term liabilities.

Reinsurance Assets And Policy_4

Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Summary Of Movement In Assets And Policyholder Liabilities Under Investment Contracts) (Details) $ in Thousands6 Months Ended
Dec. 31, 2018USD ($)
Reinsurance Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract]
Assets, Beginning Balance $ 610 [1]
Assets, Increase in policyholder benefits under investment contracts12 [1],[2]
Assets, Foreign currency adjustment(29)[1],[2]
Assets, Ending Balance593 [1]
Investment contracts, Beginning Balance(610)[3]
Investment contracts, Increase in policy holder benefits under investment contracts(12)[2],[3]
Investment contracts, Foreign currency adjustment29 [2],[3]
Investment contracts, Ending Balance $ (593)[3]
[1]Included in other long-term assets.
[2]Represents the effects of the fluctuations between the ZAR and the U.S. dollar.
[3]Included in other long-term liabilities.

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) $ in Thousands, ₩ in Millions, R in MillionsJan. 01, 2019KRW (₩)Sep. 26, 2018ZAR (R)Sep. 14, 2018USD ($)Oct. 20, 2017USD ($)Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2018ZAR (R)Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Feb. 04, 2019USD ($)Jan. 31, 2019ZAR (R)Jan. 31, 2019USD ($)Jan. 01, 2019USD ($)Dec. 31, 2018USD ($)Oct. 31, 2018ZAR (R)Oct. 31, 2018USD ($)Sep. 26, 2018USD ($)Jun. 30, 2018ZAR (R)Jun. 30, 2018USD ($)Aug. 31, 2017ZAR (R)Aug. 31, 2017USD ($)Jul. 29, 2017KRW (₩)Jul. 29, 2017USD ($)
Long-term borrowings $ 35,055 $ 50,164
Maximum borrowing capacity162,821
Total funds in bank accounts63,131
Proceeds from bank overdraft (Note 10) $ 221,582 $ 690 $ 306,237 $ 32,570
South Africa [Member] | Revolving Credit Facility [Member]
Paid non-refundable origination fee R 6.3 $ 600
Incurred interest expense900 1,900 2,100 3,600
Prepaid facility fees $ 100 100 200 100
South Korea [Member] | Facility C [Member]
Amount utilized ₩ 300 $ 300
Unscheduled repayment to credit facilitiy $ 16,600
South Korea [Member] | Revolving Credit Facility [Member]
Incurred interest expense100 400
Prepaid facility fees $ 100 $ 100
Amended July 2017 [Member] | South Africa [Member]
Long-term borrowings26,372 50,164
Amended July 2017 [Member] | South Africa [Member] | Facilities A, B, C and D [Member]
Long-term borrowings R 379.7 26,400
Deferred fees1.6 100
Principal repayment R 151.3 $ 10,500
Maturity dateMar. 29,
2019
Mar. 29,
2019
June 2018 Facility [Member] | South Africa [Member]
Long-term borrowings8,683
June 2018 Facility [Member] | South Africa [Member] | Revolving Credit Facility [Member]
Long-term borrowings R 125 8,600
Paid non-refundable origination fee R 2 100
JIBAR [Member] | Amended July 2017 [Member] | South Africa [Member] | Facilities A, B, C and D [Member]
Margin percentage2.75%2.75%
Interest rate7.15%7.15%
JIBAR [Member] | June 2018 Facility [Member] | South Africa [Member] | Revolving Credit Facility [Member]
Margin percentage2.75%2.75%
South African Credit Facility [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member]
Amount utilized R 700 51,100
South African Credit Facility [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member] | Net1 SA [Member]
Maturity dateSep. 26,
2019
Maximum borrowing capacity R 1,500 $ 101,400
Paid non-refundable origination fee R 3.8 $ 300
South African Credit Facility [Member] | South African Prime Rate [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member] | Net1 SA [Member]
Margin percentage1.00%
South African Credit Facility [Member] | Prime Rate [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member]
Interest rate10.25%10.25%
Overdraft Facility [Member]
Maximum borrowing capacity30,839
Proceeds from bank overdraft (Note 10) $ 306,237
Amount utilized63,131
Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member]
Maximum borrowing capacity121,562
Amount utilized63,131
Indirect And Derivative Facilities [Member]
Maximum borrowing capacity10,420
Amount utilized6,822 7,871
Nedbank Limited [Member] | South Africa [Member]
Maximum borrowing capacity48,625
Nedbank Limited [Member] | South African Credit Facility [Member] | South Africa [Member]
Aggregate amount R 700 48,600
Primary amount, available immediately450 31,300
Secondary amount, not available immediately R 250 17,300
Nedbank Limited [Member] | South African Credit Facility [Member] | Nedbank Short-Term Credit Facility [Member]
Total funds in bank accounts4,800
Amount drawn under the Nedbank facility16,800
Proceeds from bank overdraft (Note 10) $ 12,000
Nedbank Limited [Member] | Overdraft Facility [Member] | South Africa [Member]
Interest rate9.10%9.10%
Maximum borrowing capacity20,839
Proceeds from bank overdraft (Note 10) $ 40,303
Primary amount, available immediately R 300 20,800
Commitment fee percentage0.35%0.35%
Amount utilized12,018
Nedbank Limited [Member] | Overdraft Facility [Member] | South Africa [Member] | Forecast [Member]
Secondary amount, available immediately R 200 $ 13,900
Nedbank Limited [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | South Africa [Member]
Maximum borrowing capacity17,366
Primary amount, available immediately R 250 17,300
Amount utilized173 12,018
Unused borrowing capacity, amount | R50
Nedbank Limited [Member] | Overdraft Facility [Member] | General Banking Facility [Member] | South Africa [Member]
Primary amount, available immediately50 3,500
Nedbank Limited [Member] | Overdraft Facility [Member] | Indirect And Derivative Facilities [Member] | South Africa [Member]
Primary amount, available immediately150 10,400
Amount utilized R 98 6,800 R 108 7,900
Nedbank Limited [Member] | Overdraft Facility [Member] | Nedbank Short-Term Credit Facility [Member] | South Africa [Member]
Amount drawn under the Nedbank facility $ 16,800
Nedbank Limited [Member] | Indirect And Derivative Facilities [Member] | South Africa [Member]
Maximum borrowing capacity10,420
Amount utilized6,822 7,871
Bank Frick [Member] | United States [Member]
Maximum borrowing capacity10,000
Bank Frick [Member] | Overdraft Facility [Member] | United States [Member]
Maximum borrowing capacity10,000
Proceeds from bank overdraft (Note 10) $ 4,992
Termination written notice42 days
Amount utilized
Bank Frick [Member] | Overdraft Facility [Member] | United States [Member] | Subsequent Event [Member]
Maximum borrowing capacity $ 20,000
Bank Frick [Member] | Overdraft Facility [Member] | Renewed [Member] | United States [Member]
Interest rate4.50%
Maximum borrowing capacity $ 10,000
Bank Frick [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | United States [Member]
Maximum borrowing capacity
Amount utilized
Bank Frick [Member] | Overdraft Facility [Member] | LIBOR [Member] | Renewed [Member] | United States [Member]
Interest rate2.80763%2.80763%
Bank Frick [Member] | Indirect And Derivative Facilities [Member] | United States [Member]
Maximum borrowing capacity
Amount utilized
Hana Bank [Member] | Overdraft Facility [Member] | South Korea [Member]
Credit faility expiration period1 year1 year
Hana Bank [Member] | Overdraft Facility [Member] | South Korea [Member] | Subsequent Event [Member]
Interest rate1.984%
Maximum borrowing capacity ₩ 10,000 $ 10,000
Hana Bank [Member] | Overdraft Facility [Member] | CD Rates [Member] | South Korea [Member] | Subsequent Event [Member]
Interest rate3.844%

Borrowings (Summary Of Short-Te

Borrowings (Summary Of Short-Term Credit Facilities) (Details) $ in Thousands, R in Millions3 Months Ended6 Months Ended
Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2018ZAR (R)Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Sep. 14, 2018USD ($)
Short-term Debt [Line Items]
Short-term facility available $ 162,821 $ 162,821
Utilized221,582 $ 690 306,237 $ 32,570
Proceeds from (Repayments of) Secured Debt(13,551) $ (30,881)(23,811) $ (45,141)
Overdraft Facility [Member]
Short-term Debt [Line Items]
Short-term facility available30,839 30,839
Utilized306,237
Proceeds from (Repayments of) Secured Debt(245,726)
Foreign currency adjustment2,620
Balance as of Septmeber 30, 201863,131 63,131
Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member]
Short-term Debt [Line Items]
Short-term facility available121,562 121,562
Balance as of Septmeber 30, 201863,131 63,131
Indirect And Derivative Facilities [Member]
Short-term Debt [Line Items]
Short-term facility available10,420 10,420
Balance as of June 30, 20187,871
Guarantees cancelled(834)
Utilized151
Foreign currency adjustment(366)
Balance as of Septmeber 30, 20186,822 6,822
South Africa [Member] | Amended July 2017 [Member]
Short-term Debt [Line Items]
Short-term facility available104,196 104,196
South Africa [Member] | Amended July 2017 [Member] | Overdraft Facility [Member]
Short-term Debt [Line Items]
Short-term facility available
Balance as of June 30, 2018
Utilized260,942
Proceeds from (Repayments of) Secured Debt(212,265)
Foreign currency adjustment2,436
Balance as of Septmeber 30, 201851,113 51,113
South Africa [Member] | Amended July 2017 [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member]
Short-term Debt [Line Items]
Short-term facility available104,196 104,196
Balance as of Septmeber 30, 201851,113 51,113
South Africa [Member] | Amended July 2017 [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member]
Short-term Debt [Line Items]
Balance as of Septmeber 30, 2018
South Africa [Member] | Amended July 2017 [Member] | Indirect And Derivative Facilities [Member]
Short-term Debt [Line Items]
Short-term facility available
Balance as of June 30, 2018
Guarantees cancelled
Utilized
Foreign currency adjustment
Balance as of Septmeber 30, 2018
South Africa [Member] | Nedbank Limited [Member]
Short-term Debt [Line Items]
Short-term facility available48,625 48,625
South Africa [Member] | Nedbank Limited [Member] | Overdraft Facility [Member]
Short-term Debt [Line Items]
Short-term facility available20,839 20,839
Balance as of June 30, 2018
Utilized40,303
Proceeds from (Repayments of) Secured Debt(28,469)
Foreign currency adjustment184
Balance as of Septmeber 30, 201812,018 12,018
South Africa [Member] | Nedbank Limited [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member]
Short-term Debt [Line Items]
Short-term facility available17,366 17,366
Balance as of Septmeber 30, 201812,018 R 173 12,018
South Africa [Member] | Nedbank Limited [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member]
Short-term Debt [Line Items]
Balance as of Septmeber 30, 2018
South Africa [Member] | Nedbank Limited [Member] | Overdraft Facility [Member] | Nedbank Short-Term Credit Facility [Member]
Short-term Debt [Line Items]
Total overdraft facilities withdrawn16,800
South Africa [Member] | Nedbank Limited [Member] | Indirect And Derivative Facilities [Member]
Short-term Debt [Line Items]
Short-term facility available10,420 10,420
Balance as of June 30, 20187,871
Guarantees cancelled(834)
Utilized151
Foreign currency adjustment(366)
Balance as of Septmeber 30, 20186,822 6,822
United States [Member] | Bank Frick [Member]
Short-term Debt [Line Items]
Short-term facility available10,000 10,000
United States [Member] | Bank Frick [Member] | Overdraft Facility [Member]
Short-term Debt [Line Items]
Short-term facility available10,000 10,000
Balance as of June 30, 2018
Utilized4,992
Proceeds from (Repayments of) Secured Debt(4,992)
Foreign currency adjustment
Balance as of Septmeber 30, 2018
United States [Member] | Bank Frick [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member]
Short-term Debt [Line Items]
Short-term facility available
Balance as of Septmeber 30, 2018
United States [Member] | Bank Frick [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member]
Short-term Debt [Line Items]
Balance as of Septmeber 30, 2018
United States [Member] | Bank Frick [Member] | Indirect And Derivative Facilities [Member]
Short-term Debt [Line Items]
Short-term facility available
Balance as of June 30, 2018
Guarantees cancelled
Utilized
Foreign currency adjustment
Balance as of Septmeber 30, 2018
United States [Member] | Bank Frick [Member] | Renewed [Member] | Overdraft Facility [Member]
Short-term Debt [Line Items]
Short-term facility available $ 10,000

Borrowings (Summary Of Long-Ter

Borrowings (Summary Of Long-Term Borrowings) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017Jun. 30, 2018
Debt Instrument [Line Items]
Included in current portion of long-term borrowings $ 24,660 $ 24,660 $ 44,695 [1]
Included in long-term borrowings10,395 10,395 5,469 [1]
Balance as of June 30, 201850,164
Utilzed3,203 11,004 $ 95,431
Repaid(13,551) $ (30,881)(23,811) $ (45,141)
Foreign currency adjustment(2,302)
Balance as of Septmeber 30, 201835,055 35,055
Amended July 2017 [Member] | South Africa [Member]
Debt Instrument [Line Items]
Included in current portion of long-term borrowings24,660 24,660 44,695
Included in long-term borrowings1,712 1,712 5,469
Balance as of June 30, 201850,164
Utilzed
Repaid(20,855)
Foreign currency adjustment(2,937)
Balance as of Septmeber 30, 201826,372 26,372
June 2018 Facility [Member] | South Africa [Member]
Debt Instrument [Line Items]
Included in current portion of long-term borrowings
Included in long-term borrowings8,683 8,683
Balance as of June 30, 2018
Utilzed11,004
Repaid(2,956)
Foreign currency adjustment635
Balance as of Septmeber 30, 2018 $ 8,683 $ 8,683
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Capital Structure (Schedule Of

Capital Structure (Schedule Of Number Of Shares, Net Of Treasury) (Details) - sharesDec. 31, 2018Dec. 31, 2017
Capital Structure [Abstract]
Number of shares, net of treasury: Statement of changes in equity56,833,925 56,832,370
Less: Non-vested equity shares that have not vested (Note 13)860,817 (911,856)
Number of shares, net of treasury excluding non-vested equity shares that have not vested55,973,108 55,920,514

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Narrative) (Details) - USD ($) $ in Thousands6 Months Ended
Dec. 31, 2018Dec. 31, 2017
Accumulated Other Comprehensive Loss [Abstract]
Reclassification from accumulated other comprehensive (loss) income $ 0 $ 0

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Change In Accumulated Other Comprehensive (Loss) Income Per Component) (Details) - USD ($) $ in Thousands6 Months Ended
Dec. 31, 2018Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance[1] $ (184,436)
Movement in foreign currency translation reserve related to equity accounted investment5,430 $ (227)
Movement in foreign currency translation reserve(19,266)
Ending Balance(198,272)
Accumulated Foreign Currency Translation Reserve [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance(184,436)
Movement in foreign currency translation reserve related to equity accounted investment5,430
Movement in foreign currency translation reserve(19,266)
Ending Balance(198,272)
Accumulated Net Unrealized Income On Asset Available For Sale, Net Of Tax [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance
Movement in foreign currency translation reserve related to equity accounted investment
Movement in foreign currency translation reserve
Ending Balance
[1]Derived from restated audited financial statements filed on Form 10-K/A on December 6, 2018

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)Sep. 07, 2018Aug. 23, 2017Sep. 30, 2018May 31, 2017Aug. 31, 2016Dec. 31, 2018Sep. 30, 2018Dec. 31, 2017Sep. 30, 2017Dec. 31, 2018Dec. 31, 2017Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded600,000
Stock-based compensation charge (reversal), net $ 598,000 $ 608,000 $ 1,185,000 $ 1,435,000
Number of shares, forfeitures200,000 37,333
Deferred tax asset800,000 $ 800,000 $ 700,000
Valuation allowances $ 800,000 $ 800,000 $ 700,000
Common stock, shares issued56,833,925 56,833,925 56,685,925
August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 23
Percentage of increase target price35.00%
Closing price, per share $ 9.38
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable stock options0 0 0 105,982
Unrecognized compensation cost $ 1,100,000 $ 1,100,000
Unrecognized compensation cost, expected recognition period, years3 years
Expected volatility44.00%
Expected life (in years)3 years
Risk-free rate2.75%
Expected volatility calculation term750 days
Options exercise price range, lower limit $ 6.20
Options exercise price range, upper limit $ 13.16
Stock Options [Member] | Executive Officers [Member] | August 2008 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, forfeitures200,000
Strike price $ 24.46
Stock Options [Member] | Executive Officers And Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded0 0 600,000 0
Stock Options [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, forfeitures37,333
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded148,000 588,594
Fair value of restricted stock vested $ 500,000 $ 500,000
Unrecognized compensation cost $ 2,600,000 $ 2,600,000
Unrecognized compensation cost, expected recognition period, years2 years
Forfeitures, Number of Shares of Restricted Stock(30,635)(30,635)
Vested number of shares of restricted stock52,594 56,250
Restricted Stock [Member] | September 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility37.40%
Expected life (in years)3 years
Future dividends $ 0
Expected volatility calculation term30 days
Restricted Stock [Member] | September 2018 [Member] | Below $15 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage0.00%
Restricted Stock [Member] | September 2018 [Member] | At or above $15 and below $19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage33.00%
Restricted Stock [Member] | September 2018 [Member] | At or above $19 and below $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage66.00%
Restricted Stock [Member] | September 2018 [Member] | At or above $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage100.00%
Restricted Stock [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility44.00%
Expected life (in years)3 years
Future dividends $ 0
Expected volatility calculation term30 days
Strike price $ 0
Restricted Stock [Member] | August 2017 [Member] | Below $15 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage0.00%
Restricted Stock [Member] | August 2017 [Member] | At or above $15 and below $19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage33.00%
Restricted Stock [Member] | August 2017 [Member] | At or above $19 and below $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage66.00%
Restricted Stock [Member] | August 2017 [Member] | At or above $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 23
Vesting percentage100.00%
Restricted Stock [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded150,000
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 23
Percentage of increase target price55.00%
Closing price, per share $ 6.20
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded210,000
Restricted Stock [Member] | Executive Officers [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded350,000
Restricted Stock [Member] | Non-Employee Directors [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded52,594
Restricted Stock [Member] | Executive Officers And Employees [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded326,000
Restricted Stock [Member] | Former Chief Executive Officer [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock options awarded200,000
Restricted Stock [Member] | One-Third Shares Vest 2019 Fundamental EPS [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, to be achieved2.60
Restricted Stock [Member] | Two-Thirds Shares Vest 2019 Fundamental EPS [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, to be achieved2.80
Restricted Stock [Member] | All Shares Vest 2019 Fundamental EPS [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, to be achieved $ 3
Restricted Stock [Member] | Full Time Basis [Member] | Executive Officers And Employees [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting dateAug. 23,
2020
Restricted Stock [Member] | Recipient Is A Director [Member] | Non-Employee Directors [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting dateAug. 23,
2018
2019 Fundamental EPS [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS, linear interpolation $ 2.80
Minimum [Member] | Restricted Stock [Member] | September 2018 [Member] | At or above $15 and below $19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 15
Minimum [Member] | Restricted Stock [Member] | September 2018 [Member] | At or above $19 and below $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share19
Minimum [Member] | Restricted Stock [Member] | September 2018 [Member] | At or above $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share23
Minimum [Member] | Restricted Stock [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate1.275%
Minimum [Member] | Restricted Stock [Member] | August 2017 [Member] | At or above $15 and below $19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 15
Minimum [Member] | Restricted Stock [Member] | August 2017 [Member] | At or above $19 and below $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share19
Minimum [Member] | 2019 Fundamental EPS [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS $ 2.60
Maximum [Member] | Restricted Stock [Member] | September 2018 [Member] | Below $15 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share15
Maximum [Member] | Restricted Stock [Member] | September 2018 [Member] | At or above $15 and below $19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share19
Maximum [Member] | Restricted Stock [Member] | September 2018 [Member] | At or above $19 and below $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 23
Maximum [Member] | Restricted Stock [Member] | August 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free rate1.657%
Maximum [Member] | Restricted Stock [Member] | August 2017 [Member] | Below $15 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share $ 15
Maximum [Member] | Restricted Stock [Member] | August 2017 [Member] | At or above $15 and below $19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share19
Maximum [Member] | Restricted Stock [Member] | August 2017 [Member] | At or above $19 and below $23 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, per share23
Maximum [Member] | 2019 Fundamental EPS [Member] | August 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fundamental EPS $ 3

Stock-Based Compensation (Summa

Stock-Based Compensation (Summarized Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands6 Months Ended12 Months Ended
Dec. 31, 2018Dec. 31, 2017Jun. 30, 2018Jun. 30, 2017
Stock-Based Compensation [Abstract]
Outstanding, Number of shares, Beginning Balance809,274 846,607 846,607
Granted, Number of shares600,000
Forfeitures, Number of shares(200,000)(37,333)
Outstanding, Number of shares, Ending Balance1,209,274 809,274 809,274 846,607
Exercisable, Number of Shares609,274
Vested and expected to vest, Number of shares1,209,274
Outstanding, Weighted average exercise price, Beginning Balance $ 13.99 $ 13.87 $ 13.87
Granted, Weighted average exercise price6.20
Forfeitures, Weighted average exercise price24.4611.23
Outstanding, Weighted average exercise price, Ending Balance8.41 $ 13.99 $ 13.99 $ 13.87
Exercisable, Weighted average exercise price10.56
Vested and expected to vest, Weighted average exercise price $ 8.41
Outstanding, Weighted average remaining contractual term (in years)6 years 1 month 24 days3 years 4 months 24 days2 years 8 months 1 day3 years 9 months 18 days
Granted, Weighted average remaining contractual term (in years)10 years
Exercisable, Weighted average remaining contractual term (in years)2 years 10 months 2 days
Vested and expected to vest, Weighted average remaining contractual term (in years)6 years 1 month 24 days
Outstanding, Aggregate intrinsic value, Beginning Balance $ 370 $ 486 $ 486
Granted, Aggregate intrinsic value1,212
Outstanding, Aggregate intrinsic value, Ending Balance $ 72 $ 468 $ 370 $ 486
Outstanding, Weighted average grant date fair value, Beginning Balance $ 4.20 $ 4.21 $ 4.21
Granted, Weighted average grant date fair value2.02
Forfeitures, Weighted average grant date fair value7.174.55
Outstanding, Weighted average grant date fair value, Ending Balance $ 2.62 $ 4.20 $ 4.20 $ 4.21
Vested and expected to vest, Aggregate intrinsic value $ 72
Exercisable, Aggregate intrinsic value $ 72

Stock-Based Compensation (Range

Stock-Based Compensation (Range Of Assumptions Used To Value Options Granted) (Details) - Stock Options [Member]6 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility44.00%
Expected dividends0.00%
Expected life (in years)3 years
Risk-free rate2.75%

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Activity) (Details) $ in Thousands6 Months Ended
Dec. 31, 2018USD ($)sharesDec. 31, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of Shares of Restricted Stock600,000
Non-vested, Number of Shares of Restricted Stock, Ending Balance860,817 (911,856)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, Number of Shares of Restricted Stock, Beginning Balance765,411 505,473
Granted, Number of Shares of Restricted Stock148,000 588,594
Vested, Number of Shares of Restricted Stock(52,594)(56,250)
Forfeitures, Number of Shares of Restricted Stock(30,635)
Non-vested, Number of Shares of Restricted Stock, Ending Balance860,817 911,856
Non-vested, Weighted Average Grant Date Fair Value, Beginning Balance | $ $ 6,162 $ 11,173
Granted, Weighted Average Grant Date Fair Value | $114 4,288
Vested, Weighted Average Grant Date Fair Value | $459 527
Forfeitures, Weighted Average Grant Date Fair Value | $358
Non-vested, Weighted Average Grant Date Fair Value, Ending Balance | $ $ 5,785 $ 9,365
Restricted Stock [Member] | August and November 2014 Awards with Market Conditions [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeitures, Number of Shares of Restricted Stock(95,326)
Forfeitures, Weighted Average Grant Date Fair Value | $ $ 1,133

Stock-Based Compensation (Recor

Stock-Based Compensation (Recorded Net Stock Compensation Charge) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation charge $ 598 $ 608 $ 1,185 $ 1,477
Reversal of stock compensation charge related to restricted stock forfeited(42)
Total598 608 1,185 1,435
Allocated To Cost Of Goods Sold, IT Processing, Servicing And Support [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation charge
Reversal of stock compensation charge related to restricted stock forfeited
Total
Allocated To Selling, General And Administration [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation charge598 608 1,185 1,477
Reversal of stock compensation charge related to restricted stock forfeited(42)
Total $ 598 $ 608 $ 1,185 $ 1,435

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Redemptions of common stock or adjustments to redeemable common stock $ 0 $ 0 $ 0 $ 0
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options outstanding not included in computation of diluted earnings per share1,166,554 503,698
Options exercise price range, lower limit $ 6.20 $ 8.75
Options exercise price range, upper limit $ 13.16 $ 13.16

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, shares in Thousands, $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Earnings Per Share [Abstract]
Net (loss) income attributable to Net1 $ (63,941) $ 9,622 $ (69,140) $ 29,105
Undistributed (loss) earnings $ (63,941) $ 9,622 $ (69,140) $ 29,105
Percent allocated to common shareholders (Calculation 1)98.00%99.00%99.00%98.00%
Numerator for (loss) earnings per share: basic and diluted $ (62,972) $ 9,481 $ (68,146) $ 28,664
Denominator for basic (loss) earnings per share: weighted-average common shares outstanding55,973 55,923 55,962 55,902
Effect of dilutive securities: Stock options21 52 36 50
Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assumed conversion55,994 55,975 55,998 55,952
(Loss) Earnings per share: Basic $ (1.13) $ 0.17 $ (1.22) $ 0.51
(Loss) Earnings per share: Diluted $ (1.12) $ 0.17 $ (1.22) $ 0.51
Basic weighted-average common shares outstanding (A)55,973 55,923 55,962 55,902
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)56,834 56,755 56,778 56,762

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Schedule Of Supplemental Cash Flow Disclosures) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Supplemental Cash Flow Information [Abstract]
Cash received from interest $ 1,285 $ 4,562 $ 3,362 $ 9,848
Cash paid for interest2,588 2,330 5,654 4,418
Cash paid for income taxes $ 8,779 $ 18,613 $ 10,122 $ 20,649

Revenue Recognition (Revenue Di

Revenue Recognition (Revenue Disaggregated By Major Revenue Streams) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue $ 97,150 $ 223,034
South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue20,803 55,266
International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue38,124 77,511
Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue38,223 90,257
Processing Fees [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue19,031 49,260
Processing Fees [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue36,925 74,169
Welfare Benefit Distributions Fees [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue3,086
Telecom Products And Services [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue18,020 37,167
Account Holder Fees [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue3,140 13,745
Lending Revenue [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue5,969 15,946
Technology Products [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue5,771 10,039
Insurance Revenue [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue1,310 3,825
Other [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue1,772 2,920
Other [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue1,199 3,342
Other [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue4,013 9,535
South Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue59,026 145,523
South Africa [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue20,803 55,266
South Africa [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue38,223 90,257
South Africa [Member] | Processing Fees [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue19,031 49,260
South Africa [Member] | Welfare Benefit Distributions Fees [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue3,086
South Africa [Member] | Telecom Products And Services [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue18,020 37,167
South Africa [Member] | Account Holder Fees [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue3,140 13,745
South Africa [Member] | Lending Revenue [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue5,969 15,946
South Africa [Member] | Technology Products [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue5,771 10,039
South Africa [Member] | Insurance Revenue [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue1,310 3,825
South Africa [Member] | Other [Member] | South African Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue1,772 2,920
South Africa [Member] | Other [Member] | Financial Inclusion And Applied Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue4,013 9,535
South Korea [Member]
Disaggregation of Revenue [Line Items]
Revenue35,400 71,951
South Korea [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue35,400 71,951
South Korea [Member] | Processing Fees [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue34,382 68,971
South Korea [Member] | Other [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue1,018 2,980
Rest Of World [Member]
Disaggregation of Revenue [Line Items]
Revenue2,724 5,560
Rest Of World [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue2,724 5,560
Rest Of World [Member] | Processing Fees [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue2,543 5,198
Rest Of World [Member] | Other [Member] | International Transaction Processing [Member]
Disaggregation of Revenue [Line Items]
Revenue $ 181 $ 362

Operating Segments (Reconciliat

Operating Segments (Reconciliation Of Reportable Segments Revenue) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues $ 97,150 $ 148,416 $ 223,034 $ 300,974
South African Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues20,803 57,967 55,266 118,259
International Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues38,124 44,185 77,511 90,207
Financial Inclusion And Applied Technologies [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues38,223 46,264 90,257 92,508
Reportable Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues98,849 162,464 229,191 329,236
Reportable Segment [Member] | South African Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues21,970 64,148 59,719 130,585
Reportable Segment [Member] | International Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues38,124 44,185 77,511 90,207
Reportable Segment [Member] | Financial Inclusion And Applied Technologies [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues38,755 54,131 91,961 108,444
Inter-Segment [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues(1,699)(14,048)(6,157)(28,262)
Inter-Segment [Member] | South African Transaction Processing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues(1,167)(6,181)(4,453)(12,326)
Inter-Segment [Member] | Financial Inclusion And Applied Technologies [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues $ (532) $ (7,867) $ (1,704) $ (15,936)

Operating Segments (Reconcili_2

Operating Segments (Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating (loss) income $ (43,075) $ 16,307 $ (42,179) $ 41,313
Change in value of equity securities(15,836)(15,836)
Interest income, net of impairment(331)4,705 1,545 9,749
Interest expense(2,778)(2,325)(5,537)(4,446)
(Loss) Income before income taxes(62,020)18,687 (62,007)46,616
Reportable Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating (loss) income(34,411)21,216 (23,860)52,784
Corporate/Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating (loss) income $ (8,664) $ (4,909) $ (18,319) $ (11,471)

Operating Segments (Summary Of

Operating Segments (Summary Of Segment Information) (Details) - USD ($) $ in Thousands3 Months Ended6 Months Ended
Dec. 31, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenues $ 97,150 $ 148,416 $ 223,034 $ 300,974
Operating (loss) income(43,075)16,307 (42,179)41,313
Depreciation and amortization9,853 8,723 20,647 17,689
Expenditures for long-lived assets2,547 2,103 5,665 3,576
Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues98,849 162,464 229,191 329,236
Operating (loss) income(34,411)21,216 (23,860)52,784
Depreciation and amortization3,837 5,777 8,473 11,917
Expenditures for long-lived assets2,547 2,103 5,665 3,576
Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Operating (loss) income(8,664)(4,909)(18,319)(11,471)
Depreciation and amortization(6,016)(2,946)(12,174)(5,772)
Expenditures for long-lived assets
South African Transaction Processing [Member] | Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues21,970 64,148 59,719 130,585
Operating (loss) income(11,830)13,470 (15,343)25,802
Depreciation and amortization921 1,087 1,862 2,240
Expenditures for long-lived assets1,047 900 2,333 1,377
International Transaction Processing [Member] | Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues38,124 44,185 77,511 90,207
Operating (loss) income(4,043)(4,991)(1,281)325
Depreciation and amortization2,511 4,381 5,570 9,013
Expenditures for long-lived assets841 892 1,641 1,798
Financial Inclusion And Applied Technologies [Member] | Reportable Segment [Member]
Segment Reporting Information [Line Items]
Revenues38,755 54,131 91,961 108,444
Operating (loss) income(18,538)12,737 (7,236)26,657
Depreciation and amortization405 309 1,041 664
Expenditures for long-lived assets $ 659 $ 311 $ 1,691 $ 401

Income Tax (Narrative) (Details

Income Tax (Narrative) (Details) - USD ($) $ in MillionsJan. 01, 2018Dec. 31, 2017Dec. 31, 2018Dec. 31, 2018Jun. 30, 2018
Valuation Allowance [Line Items]
Effective tax rate53.80%43.60%
Income tax rate21.00%35.00%
Provisional transition tax before foreign tax credits $ 55.8
Transition tax liability after generated foreign tax credits0
Accrued interest related to uncertain tax positions $ 0.1 $ 0.1
Unrecognized tax benefit $ 1 $ 1 $ 0.8
Foreign Cash And Other Net Current Assets [Member]
Valuation Allowance [Line Items]
Effective tax rate15.50%
Foreign Income [Member]
Valuation Allowance [Line Items]
Effective tax rate8.00%

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details) R in Millions, $ in MillionsMar. 23, 2018ZAR (R)Dec. 31, 2018ZAR (R)Dec. 31, 2018USD ($)
Guarantor Obligations [Line Items]
Maximum payment amount under guarantee R 96 $ 6.7
Counter Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantee amount R 96 $ 6.7
Payment Guarantee [Member] | Minimum [Member]
Guarantor Obligations [Line Items]
Charge rate0.40%0.40%
Payment Guarantee [Member] | Maximum [Member]
Guarantor Obligations [Line Items]
Charge rate1.94%1.94%
Nedbank [Member] | Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantee amount R 96 $ 6.7
CPS [Member] | Additional Implementation Costs [Member]
Guarantor Obligations [Line Items]
Amount ordered to refund to SASSA R 317

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) $ in Millions3 Months Ended6 Months Ended
Dec. 31, 2018USD ($)Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Amount paid for rental $ 1 $ 1
DNI [Member]
Related Party Transaction [Line Items]
Percentage of direct shareholding16.00%16.00%