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Phuthuma Nathi Complaints & Reviews - BEE shares - Phuthuma Nathi

Phuthuma Nathi Contacts & Informations

Phuthuma Nathi

Posted:    Daleep Baijnath

BEE shares - Phuthuma Nathi

Complaint Rating:  73 % with 45 votes
Contact information:
Naspers / Multichoice
South Africa
The Naspers Group has awarded the contract to trace shareholders to TSP (shareholders partnership) to claim ordinary shares under the Phuthuma Nathi shares scheme. They have not made any attempts themselves to get hold of the shareholders, but grant TSP the right to claim 15% admin fee to award the cash benefits from the above scheme. This is not fair and needs to be investigated.
I have applied for the shares to be dematerialised, but have not heard from Naspers.
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Sort by: Date | Rating
 7th of Aug, 2008 by   tsubila@gmail.com 0 Votes
I relocated from CT to Jhb and I have not been successful in contacting Naspers about my new address. Who is responsible for this function and where do I send my request to?
 11th of Aug, 2008 by   Annette Maude Rockman 0 Votes
I would like to know how much shares I have as well as verify my banking details. Please let me know what the banking details are which you have
 1st of Sep, 2008 by   Milly Shongwe 0 Votes
I have been dialing the 0860116226 and stil no answer. All I want to know is what is happening with the shares and its dividends.
 3rd of Sep, 2008 by   Nokuthula 0 Votes
Pls explain this for me. I bought 100 shares with you, and i called your share number requesting the outcome and to know how much will i receive, but to my suprise they 've told me i will receive R46.20. How come cos i was thinking it culculated like: 46.20(per share) x 100. Can someone pls explain how much exactly am i going to receive. And pls explain what dividend means.
 6th of Sep, 2008 by   Steven Sibuyi +1 Votes
My bank details have since changed. How do i update them. I can't access my dividends.

Steven Sibuyi
 19th of Sep, 2008 by   mandisa bodibe 0 Votes
about ten years ago my late boss Taco Kuiper bought different shares for us, his employees. He did not give us the share certificates and now he is late. I want to check with you if we have shares that we do not
remember lying there with you. I think he did buy Phuthuma Nathis shares for us. Kindly check for me
if there are shares belonging to us. My I D No. is 6011170669080. The company was The Investor's Guide.

Your help will be highly appreciated.

Mandisa
 20th of Nov, 2008 by   Yvonne Nkete 0 Votes
I would like to have my tax certificate. I'm not sure if they were provided to shareholders earlier. I also want to update my address. My ID number is 810714 05 3308 9.

Thank you,

Yvonne
 10th of Aug, 2010 by   Pringle 0 Votes
My bank details have changed, how do I notify phuthuma nathi about this change? My ID number is 8907245244080.

Thank You
Sahil Sooko
 10th of Sep, 2010 by   Misheck Dudzai 0 Votes
My postal address have changed & would like you to update my profile. Please advise me on how to do it. Misheck Dudzai
 4th of Nov, 2010 by   Gloria Shikwane 0 Votes
I bought 100 Phuthuma Nathi shares in 2007 and have not heard a word since. My address has changed but not my banking details.What is exactly happening?What about the money used to buy the shares?Is there any dividend to be expected or what?What should i do to get hold of you? I tried to call 0860116226 but there is no answer. Can someone be of assistance here.

Hoping to hear form you soon

Regards
The concerned
 10th of Jan, 2011 by   MT Modipa 0 Votes
i bought phuthuma nathi shares in 2006 december and would like to hear from you as to how to check for shares' worth and so on. the other issue is i was told that after five years one can trade in those shares - is it really the case.
 8th of Feb, 2011 by   Ntaoleng Beauty Makwanyane +2 Votes
I own shares and my bank account has changed from Savings to a Cheque account... What do I do to update this info? (Which number to contact? Who to contact?). My Email address is nbmakwanyane@gmail.com
 28th of Apr, 2011 by   sylungile Zanele Ziqubu +1 Votes
I bought 20 shares i was told i could contact you anytime for information, i want to give you my new banking details but i dont know who to talk to, i needed money to bury my mom but no one could assist me, my ID number 7611050440087.
i was told that after five years i can trade the shares or withdraw i need cash i need to withdraw please assist me.
 28th of Apr, 2011 by   sylungile Zanele Ziqubu 0 Votes
please contact me i need to know what to do i need to withdraw profit from my shares.i need to give you my new banking details.
 15th of Jul, 2011 by   Lincoln Mali 0 Votes
Hi

Can you contact me at Lincoln.mali@Standardbank.co.za

I would like to know about my shares bought in 2006

Lincoln Mali
 30th of Sep, 2011 by   ramo103 0 Votes
Hi Guys,
I am trying to discover what progress is being made with regards to my Phuthuma Nathi shares.

I am afraid we all might end up losing money like the SASOL share scheme
The Sasol shares was initially bought at R350.00
However it is now trading at R260.00 on the JSE BBE trading platform.
(lock in period was 3 years and now black share holders are losing +/-R100.00 on each share they trade.
Very few shares are traded on the JSE BEE platform whilst the SASOL shares on the open market are trading by the thousands per day.

It is common knowledge that the average South African does not trade on the JSE. A vast majority of them will get a broker to sell shares for them and therefore the tiny black elite will be waiting to scoop up these shares at massive discounts. I don't think this is empowering the black mass people. It is more like empowering the tiny black elite.

When the BEE scheme was announced we knew that the lock in period was 5 years.
Five years have come and is almost gone, shouldn't we have had another plan in place by now or at least 10 months ago. (When the shares can be openly traded)?

A GREAT example was the MTN share scheme we had a few years ago. (I think it was Ashonge) It was open and transparent and we could trade the shares at competitive prices on the JSE after the lock in period.

My fear now is for all those that purchased media 24 shares. Company is not doing so well and listing these shares on the JSE under the BEE banner will result in thousands of black investors losing more money.

I have searched on numerous websites tried forums, telephoned around including the 0860116 226 number but to no avail.
Not even the staff manning the above number could provide me with the questions I tabulate below.

The closest I came to finding any information was the info below.
MultiChoice SA group executive chairperson Nolo Letele ¬confirmed that the print and ¬electronic media firm was ¬exploring options of listing its BEE shares on the JSE.
http://www.fin24.com/Companies/Industrial/BEE-shares-More-firms-to-follow-Sasol-20110206

It is long overdue that the guys at the top should provide information:
1. What is going to happen to our shares come the 8 December 2011
2. Have the general public (120 000 share holders) participated in any of the decision making.
3. What progress have been made if any
4. And why was stake holders not notified.


Regards
Omar
Email: webmaster@rebirth.co.za
PLEASE send this email out to everyone on Face Book, forums, twitter etc you know so that we can rally support and get some answers before we lose money.
You can send the info to my email then I can forward it on to one or all of M Langa, Letele Pacak or Volwyn at Multichoice.
 30th of Sep, 2011 by   ramo103 +1 Votes
Hi Guys,
I am trying to discover what progress is being made with regards to my Phuthuma Nathi shares.

I am afraid we all might end up losing money like the SASOL share scheme
The Sasol shares was initially bought at R350.00
However it is now trading at R260.00 on the JSE BBE trading platform.
(lock in period was 3 years and now black share holders are losing +/-R100.00 on each share they trade.
Very few shares are traded on the JSE BEE platform whilst the SASOL shares on the open market are trading by the thousands per day.

It is common knowledge that the average South African does not trade on the JSE. A vast majority of them will get a broker to sell shares for them and therefore the tiny black elite will be waiting to scoop up these shares at massive discounts. I don't think this is empowering the black mass people. It is more like empowering the tiny black elite.

When the BEE scheme was announced we knew that the lock in period was 5 years.
Five years have come and is almost gone, shouldn't we have had another plan in place by now or at least 10 months ago. (When the shares can be openly traded)?

A GREAT example was the MTN share scheme we had a few years ago. (I think it was Ashonge) It was open and transparent and we could trade the shares at competitive prices on the JSE after the lock in period.

My fear now is for all those that purchased media 24 shares. Company is not doing so well and listing these shares on the JSE under the BEE banner will result in thousands of black investors losing more money.

I have searched on numerous websites tried forums, telephoned around including the 0860116 226 number but to no avail.
Not even the staff manning the above number could provide me with the questions I tabulate below.

The closest I came to finding any information was the info below.
MultiChoice SA group executive chairperson Nolo Letele ¬confirmed that the print and ¬electronic media firm was ¬exploring options of listing its BEE shares on the JSE.
http://www.fin24.com/Companies/Industrial/BEE-shares-More-firms-to-follow-Sasol-20110206

It is long overdue that the guys at the top should provide information:
1. What is going to happen to our shares come the 8 December 2011
2. Have the general public (120 000 share holders) participated in any of the decision making.
3. What progress have been made if any
4. And why was stake holders not notified.


Regards
Omar
Email: webmaster@rebirth.co.za
PLEASE send this email out to everyone on Face Book, forums, twitter etc you know so that we can rally support and get some answers before we lose money.
You can send the info to my email then I can forward it on to one or all of M Langa, Letele Pacak or Volwyn at Multichoice.
 4th of Oct, 2011 by   Kenny Joe 0 Votes
Mr CEO we as Shareholders are very concern the way y0u people operate. You are not on the same level as the man that just bought 20 shares. This is the ordinary man ont he street like me. We dont want anything to do with buying on selling shares over the counter. We just want our money at 8Secmber2011. You will go on holiday and nowhere to find. Your costumercare Operators are so poorly informed. So we will walk the Sasol route where share is nothing worth, and no buyers. Please proof me wrong.
 3rd of Dec, 2011 by   Evans Msiza 0 Votes
I bought phuthuma nathi shares in 2006 december and would like to hear from you as to how to check and sell my shares' worth and so on. ever since i bought shares i have never claimed divided can you please also update me on that.
another thing i can't remember my password. i am looking forward to your swift response. my email address is (evansmsiza38@gmail.com)
 5th of Dec, 2011 by   Concern Shareholder 0 Votes
Hi Shareholder
My gud feeling was not wrong. The whole Phuthuma Nathi lock out period is a flop. I had no confidence in the CEO in the first instance. He is more worried about his scorecard and not empowering the disadvantage.He never consult the shareholders on the model he implement to sell and buy the shares over the counter. He is arrogant or not computer literate, because he do not answer personally. How on earth must we ordinary people know how to determine our own share price. Where will buyers come from. There is so many companies that will isue BEE shares. This share is nothing worth, because it is not listed. He will sit for years with R9, 8b in the account and nothing will happen. He is one those. But as it work in South Africa he must be there. May God BLESS his bladdy holiday.

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