SM
Sthembile M

1 reviews | Active since Feb 2013

03 Oct 2025, 14:45

Overdue payment claim & lack of urgency

I am extremely frustrated with Momentum’s handling of my claim. Tshepo told me on Monday that payment would take 48 hours, but nothing has been done. I missed some of his calls, but when I finally managed to get hold of him (after calling Momentum several times and even asking for a superior), he only gave me more excuses about SARS and tax instead of resolving the matter.

Meanwhile, my account is in a negative balance and debit orders like Rain are being declined, causing me financial stress and bank charges. Momentum’s lack of urgency and accountability is unacceptable. I demand immediate payment and compensation for the losses I have suffered because of their delays.

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Replies (1)
Momentum (SA)
Momentum (SA)'s reply03 Oct 2025, 15:52
Official
Dear Sthembile
Thank you for your message. 
I have forwarded your complaint to the fund managers who confirmed that they have been in contact with you and will contact you again on Monday.
Kind regards
Mvdm