GJ
Gideon J

1 reviews | Active since Dec 2010

10 Feb 2026, 11:47

A half baked financial institution who disregard the client with silence and empty promises

I am writing to formally document a deeply concerning experience regarding my recent attempts to procure additional shares through Computershare. This letter serves as a record of a month-long series of administrative failures, unprofessional conduct, and an eventual financial discrepancy that remains unresolved.

Timeline of Events:

29 December 2025: I deposited funds into the designated Computershare account, following the same procedure successfully utilized in May 2025.

31 December 2025: Upon contacting the call center, I was informed that no payment was reflecting, despite the transfer being complete.

13 January 2026 9h16: I spoke with a consultant (UA) who was dismissive and argumentative. Despite my existing account, I was erroneously instructed to "register" as a new user.

13 January 2026 10h02 I rep**** to UA and asked, what must I register for as I already have a account and want to purchase additional shares. UA ignored my email and never rep****.

14 January 2026 10h28 I sent a additonal email sent to call center and to complaints, asking why no replies are being received.

14 January 2026 13h16 Mosele Letsoalo sent a email to me and apologised for the delay, asked for a shareholder number to assist. Told me I am welcome to lodge a complaint and gave me the details

16 January 2026 I received a relative generic email from GP who supp**** a list of forms to complete. Told me I am welcome to lodge a complaint and gave me the details regarding the poor service.

On 30 January 2026 Tasneem sent a email to me, noted she has aksed the call center to make contact with me.

30 January 2026 I received and had a telephonic conversation with Masunglo, who advised me that Computershare does not have required forms for me to complete a purchase. List of forms supp**** was supp****.

On 3 February 2026 I submitted all documents requested.

Later on 3 February 2026 Masunglo Maswanganyi acknowledge the documents has been received and forwarded it to the relevant department.

And then nothing again.

So then on the afternoon of 6 February 2026 I then phoned the telephonic complaints number supp****. I expected a independant entity, however I was greeted by a staff member of Computershare. I wanted to believe that I my complaint would receive merit. The person listened and noted she is on the case and someone is going to call.

7 February 2026: Without any prior communication or explanation, my deposit was refunded. However, the refund was incomplete, failing to match the original sum deposited.

Core Concerns:

The service I have received is, in my opinion, a significant departure from acceptable industry standards. My concerns are rooted in three specific areas:

Administrative Incompetence: For over a month, multiple staff members provided conflicting information, ignored correspondence, and failed to facilitate a standard share purchase for an existing account holder.

Lack of Accountability: The "independent" complaints process resulted in empty promises and a lack of follow-through, suggesting a systemic disregard for client interests.

Financial Irregularity: To hold a client's funds for over 30 days, fail to execute the requested transaction, and then return only a partial amount of the original deposit is professionally and ethically indefensible.

I am sharing this experience to warn the broader investment community of the risks associated with this level of service. I expect a full explanation regarding the missing portion of my deposit and a formal apology for the gross mismanagement of my portfolio.

Stay away from Computershare

0
Replies (1)
Computershare
Computershare's reply10 Feb 2026, 13:18
Official
Daar MR GIDEON JACOBUS JOUBERT

Thank you for bringing this to our attention. We sincerely apologize for the service you received and for any inconvenience this may have caused. We value your feedback and are committed to improving your experience moving forward.

Kind regards, 
Computershar