KN
Kwabelo N

1 reviews | Active since Feb 2025

14 Feb 2025, 10:26

Delayed fund pay out

My father passed away in December 2022, and we initiated the process of claiming his provident fund through Momentum. The process was incredibly lengthy and exhausting, taking nearly two years. Throughout this time, my family and I were required to submit multiple affidavits and supporting documents. In September 2024, we finally received confirmation that the funds had been approved and would be paid out within 30 days. However, to date, we have not received a cent. Despite numerous phone calls and emails, we have not been able to get any resolution. At one point, we were informed that one of the individuals handling the claim, Nthabiseng Mahlangu, was no longer with the company. This ongoing delay has been extremely frustrating for our family, and we urgently need clarity on the status of this payout.My father passed away in December 2022, and we initiated the process of claiming his provident fund through Momentum. The process was incredibly lengthy and exhausting, taking nearly two years. Throughout this time, my family and I were required to submit multiple affidavits and supporting documents. In September 2024, we finally received confirmation that the funds had been approved and would be paid out within 30 days. However, to date, we have not received a cent. Despite numerous phone calls and emails, we have not been able to get any resolution. At one point, we were informed that one of the individuals handling the claim, Nthabiseng Mahlangu, was no longer with the company. This ongoing delay has been extremely frustrating for our family, and we urgently need clarity on the status of this payout.

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply14 Feb 2025, 10:33
Official
Kwabelo

Thank you for posting your concerns.

Have you provided your father's details? His initials, surname, his ID number? we need to trace his contract and we therefore require his information.

You can respond via "Private reply".

Thank you

Kind regards

EdB
Momentum (SA)
Momentum (SA)'s reply17 Feb 2025, 11:54
Official
Thank you, Kwabelo

Sent your request to the relevant fund manager.

Kind regards

EdB
Momentum (SA)
Momentum (SA)'s reply19 Feb 2025, 16:10
Official
Dear Kwabelo

We have referred your request to the Fund managers in order to provide feedback on your request.