CE
Clive E

1 reviews | Active since Mar 2009

31 Dec 2016, 10:45

Payment of shares still outstanding

<p>Hi. On the 28th October I submitted both my sons'bank details to MTN Zakhele for payment of shares due at the end of November. During this time they did not bother to inform me that they could not pay into investment accounts. After my wife received her payment I called Link Market Services (doing the transactions for MTN) and only then found out that my sons needed a transaction type account. I did the necessary with the bank and sent the information to Princess (agent at LMS). Last week she said the money would be paid this week as they were running batches of payments. This week has come and gone and still no payment received.</p> <p>I'm concerned that the value of the payout may have changed.</p> <p>I also tried calling the MTN share line but waited for a long time with no response on Friday 30th. More that 2 months have passed since I started the process to ensure that my sons are paid their shares with no success. They are losing out on investment opportunity every day MTN Zakhele / Link Market Services - drags their feet. I am highly frustrated.</p>

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