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Phuthuma Nathi

South Africa

Consumer complaints and reviews about Phuthuma Nathi

Fawzi Send email
 
Nov 15, 2023

Phutumanathi

Following an earlier complaint lodged by me, Phutumanathi eventually paid me for the sale of my shares (which I was forced to do because of problems with me being able to get proof of my being a naturalised citizen (details of which are in my original complaint) towards the end of September 2023. However, they have withheld my dividends (R9000) even though the dividends were paid to shareholders prior to the forced sale of my shares.

Upon inquiry, I was told by Phutumanathi agents that the matter is with the board. It is now over 2 and a half months since
my shares were sold, and no response is forthcoming. It is very unfair for the company to withhold the dividend. They deemed me eligible to be paid for the sale of my shares (albeit after much wrangling) yet they are now withholding what's justly due to me. Please assist.
Fawzi Send email
 
Oct 13, 2023

payment delay

I bought Phutumanathi shares when they were first offered to formerly disadvantaged race groups.

For some time now I have been receiving calls from agents asking me to sell my shares or forward my SA proof of citizenship - I was born in Pakistan; my father was born in and was a SA citizen; my mum was born in India and came to SA with me when I was a toddler; and we stayed in Heidelberg for three years so that we could both become SA citizens in terms of the law at that time. This must have been sometime in the mid-1950s as I am now 70 years old. Both my parents are deceased and I do not have my naturalisation papers.

I was told by the Phutumanathi agent to apply for an unabridged birth certificate; I went several times to Home Affairs in Pretoria but due to the long queues left in frustration; I even tried the newly opened Menlyn branch of the DHA and was told that they did not process unabridged birth certicate. They advised that I go to Cullinan as the queues there are short. I had to get a friend to take me all the way to Cullinan DHA where I was told that because I was not a South African citizen, I would not qualify for an unabridged birth certificate. Nevertheless, the official said I could try so I paid the money and am still waiting to hear from them.

Subsequently, I spoke to another agent at Phtumanathi who suggested that I should apply for a certificate of naturalisation, which I found out take several months to obtain, and would also entail sitting at DHA for hours on end.

Out of sheer frustration ( because Phutumanathi had suspended my dividends) in September I decided to just sell the shares. I received a contract note for my order on 26 September 2023. But no payment has been made to date.

I sent an email to Phutumanathi with copies of my parents' documents on 9 October querying why payment of my sold shares had not been made.

Up to now, there has not even been acknowledgment of this email. Inquiries on What's App to Phutumanathi indicate that my payment is in abeyance because of my citizenship status. This does not make sense because I was forced to sell my shares on the basis that I could not keep them due to a lack of proof of my SA citizenship. I would like my money(including my 2023 dividend) to be paid to me.
Fawzia Moodley.
Fawzi Send email
 
Oct 13, 2023

payment delay

I bought Phutumanathi shares when they were first offered to formerly disadvantaged race groups.

For some time now I have been receiving calls from agents asking me to sell my shares or forward my SA proof of citizenship - I was born in Pakistan; my father was born in and was a SA citizen; my mum was born in India and came to SA with me when I was a toddler; and we stayed in Heidelberg for three years so that we could both become SA citizens in terms of the law at that time. This must have been sometime in the mid-1950s as I am now 70 years old. Both my parents are deceased and I do not have my naturalisation papers.

I was told by the Phutumanathi agent to apply for an unabridged birth certificate; I went several times to Home Affairs in Pretoria but due to the long queues left in frustration; I even tried the newly opened Menlyn branch of the DHA and was told that they did not process unabridged birth certicate. They advised that I go to Cullinan as the queues there are short. I had to get a friend to take me all the way to Cullinan DHA where I was told that because I was not a South African citizen, I would not qualify for an unabridged birth certificate. Nevertheless, the official said I could try so I paid the money and am still waiting to hear from them.

Subsequently, I spoke to another agent at Phtumanathi who suggested that I should apply for a certificate of naturalisation, which I found out take several months to obtain, and would also entail sitting at DHA for hours on end.

Out of sheer frustration ( because Phutumanathi had suspended my dividends) in September I decided to just sell the shares. I received a contract note for my order on 26 September 2023. But no payment has been made to date.

I sent an email to Phutumanathi with copies of my parents' documents on 9 October querying why payment of my sold shares had not been made.

Up to now, there has not even been acknowledgment of this email. Inquiries on What's App to Phutumanathi indicate that my payment is in abeyance because of my citizenship status. This does not make sense because I was forced to sell my shares on the basis that I could not keep them due to a lack of proof of my SA citizenship. Kindly release my money(including my 2023 dividend) as the shares belonged to me. I would also appreciate the courtesy of a swift response.
Fawzia Moodley.
Fhatu1979 Send email
 
Oct 26, 2022

Shareholders certificate

My name is Fhatuwani Patricia Mulaudzi and I'm married and changed my surname to Ramavhunga I'd no 7911240395088. I changed my contact details,bi sent a verification form with my personal documents and I did not get a response from [email protected] if my personal details are updated or not. I want a shareholder certificate and a login username and password. I want to claim the dividends and sell my shares please help me.
Please send me the following details on my email address [email protected] or through SMS 0769529455 my number.

Shareholders certificate

Andile Hobongwana Send email
 
May 2, 2020

Dividends payment

Andile Hobongwana id 7104115534086. Email address [email protected] please send me a correct and relaible place to get hold of you
Andile Hobongwana Send email
 
May 2, 2020

Shareholder info update

I bought Phuthuma Nathi shares 15 years ago, I need to update my bank accounts and my postal address so that I can get my dividends and correspondence.
0769529455 Send email
 
Dec 9, 2015

phuhtuma nahti

my name is fhatuwani patricia mulaudzi id no 7911249395088. I bought shares of R200 in 2006 I have never claimed for my shares until now. I want to know how much they are worth right now so I claim them please send your contact details'.my email address is [email protected] phone no 0769529455

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