Monies to be paid out by Momentum Wealth/Investo.

Item: Momentum (SA)
Rating: 1
Author: Niek L

Monies to be paid out by Momentum Wealth/Investo. In the last 3 months i have app**** for monies to be paid out in the name of Nicolaas Johannes Louw on 2 Policies(PP*** and DS ***). The first one in question was paid out after 43 days after i personally visited SARS twice to sort out matters that they are supposed to do. The second one is now 39 days overdue after submitting the Appl. well in advance on 29 07 2025. I was recently promised payment within 48 hours but have received nothing. This is very very bad and horrible service. I will not encourage any of my Friends or Family to invest with this Company

Helpful (0)

Replies (3)

Momentum (SA)'s replyOfficial

05 Sept 2025, 10:39

Dear Niek

Thank you for alerting us to this matter.

I have escalated the matter to the relevant business area responsible for your policy contract, and will ask them to contact you as soon as possible.

Kind regards

EdB

Momentum (SA)'s reply05 Sept 2025, 10:39

Official

Niek L's updateReviewer Update

08 Sept 2025, 08:02

The second one is now 41 days overdue

after submitting the Appl. well in advance on 29 07 2025. I was recently promised payment within

48 hours but have received nothing. This is very very bad and horrible service. I will not encourage

any of my Friends or Family to invest with this Company.

Niek L's update08 Sept 2025, 08:02

Reviewer Update