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nomaza L

1 reviews | Active since Jul 2017

14 Nov 2017, 07:44

Satrix *****ing a stokvel - making excuses for over a month not to withdraw funds - ***********!

After years of being a loyal Satrix customer, this company has made up too many excuse for us not to withdraw funds from our stokvel account. When opening the account, this company accepted a valid proof of residence from our legal representative of the Stokvel and never declined any deposit of funds or investment instruction from our organisation but upon withdrawal so many excuses have surfaced from Satrix over a months and the latest one that a valid proof of residence from our legal representative not good enough is the worst. That’s just pure *******ion. We’ve been engaging and have put up with Satrix for long enough now and we want our money. We don’t want to speak to another toothless manager who obviously has no decision-making powers and who cannot even raise the matter with a real decision-maker. This is Africa, if black organisations like Stokvels are going to be *****ed and treated with the lack of dignity and dishonesty we have been treated there’s no point Satrix doing any business with us. The only way this company can redeem itself is to withdraw our funds immediately.

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Replies (4)
Satrix Investments
Satrix Investments's reply14 Nov 2017, 10:50
Official

Dear Nomaza,

Thank you for bringing this matter to our attention. Your feedback and time taken to provide it is highly appreciated and duly noted.

Please allow me to investigate this matter on your behalf and revert.

Kind regards,
Thembeka Khumalo

Satrix Investments
Satrix Investments's reply20 Nov 2017, 11:27
Official

Dear Nomaza,

As per my email to you last week, this is just to confirm that your repurchase instruction was processed and the money will be paid into your account shortly.

We do apologise for the frustrating experience you have had with this transaction.

Please do not hesitate to contact me should you have any further queries or concerns.

Kind regards,

Thembeka Khumalo
Satrix Client Relationship Manager

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nomaza L's update20 Nov 2017, 14:43
Reviewer Update
Thembeka you were heaven-sent - we had stopped believing that Satrix has staff who can service a company like you are doing - thanks for your prompt responses and for all your help in resolving our matter - I'm just waiting to see if your admin team will deliver now.
Satrix Investments
Satrix Investments's reply20 Nov 2017, 17:13
Official

Thank you for the kind words Nomaza. I will follow up with our admin team to ensure that your payment is done.

Kind Regards,

Thembeka Khumalo
Satrix Client Relationship Manager