1 reviews | Active since Mar 2009
Standard Bank SharePlus - a ****
About 2 years ago i invested in the Standard bank Shareplus investment. I was advised that i would get a return of maximum 20%.There was no minimum specified but it was dependent on the stock market.I asked the agent who did the investment what was the previous growth values.I was advised that its very close to what is advertised.Today i went to the bank to transfer my investment i was advised that the growth was 10%.So i enquired how did they come to this amount and i was advised it was based on performance of the JSE.I did not agree with as i also have a JSE account and the basket of shares that standard bank has invested in has not done poorly. <br> So how did they come to exactly half the advertised amount.There is really something not right here.I would not recommend SHAREPLUS as standard bank can provide any returns they feel like. They are able to cheat clients without clients being able to compare the values to anything.They lure clients withe 20% advertising so that they can get our money to make more money for themselves. I really did not expect this from <br> standard bank.This is day light ******* and poor unsuspecting clients are once again the loosers.<br> <br> <br>
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Thank you for your posting and allowing us an opportunity to investigate your complaint.
This matter will be assigned to a resolution specialist who will contact you to resolve your complaint.
Kind regards
Complaint Resolution Centre
***
*** (fax)
***
