Post Office Swamped by Prospective Sasol Inzalo Shareholders.
by Muhammad on July 4, 2008
in Uncategorized
Going to the post office is really irritating this past week. I want to apply to get my piece of the Sasol Inzalo Share offer which let’s people gain access to a nice slice of the pie of Sasol and secure their pension/retirement/spending-spree. The post office opens by 9am, I get there at 8am and there’s already a line going past three stores in the mall to get into the post office. I turn around, knowing it’s just not worth it.
It’s not that I’m impatient… it’s just that I was first in line the day before but was forced to leave unsatisfied because the system just kept on going down. Speaking to people in the queue, one lady waited there for 5 hours the day before, standing in a queue and was then sent home because the system still hadn’t come up yet. Very, very frustrating.
I did hear on the radio yesterday that they’ve extended the deadline from this Saturday to next Wednesday to apply for these shares and they did acknowledge their IT-related shortcomings.
Another interesting thing… this initiative which Sasol has launched was intended to help poor, disenfranchised black people get a chance at investing and securing a better future. When I was at the Post Office, I didn’t see a single black person in the line! I only saw a few coloured people and the rest were Indians! I found that fact a bit sad, but then again, according to law South Africa Indians are classified as black and who wouldn’t give up an opportunity like this? To get funded shares in a very good company with great potential…
Just some thoughts as I walked the mall back to my car to try again on Monday… maybe at 07h30 next time, with a magazine and an iPod so I don’t die of boredom.
Some more info @ …
Fin24
Moneyweb
: South African Post Office, Sasol Inzalo Shares, Money, Investing
I am not satisfied with this extension granted by Sasol as the systems at the Post office have been down for the last 3 days and still the closure at 12 noon today. This is not acceptable. My husband stood in the queue at 6 post offices yesterday and was turned back for the system problems. Isn’t that so convinient? This is a sabotage – ever heard of System sabotages…do the maths and System security studies and you will get the drift….I am unhappy about this.
@Karen: It’s absolutely horrible. I finally got it on the last day of the extension by waking up extra early and still my wife waited 4 hours in the line to get hers processed, which took 5 minutes. Also we were praying that the system didn’t go down… again. But I can imagine your pain, it is VERY frustrating.
never received the sms to confirm may bcos the group was the first to buy!
I have not received the response from t
SASOL yet. Does that mean that I did not get the shares. When will I receive the refund if I was not allocated the shares.
@Bonolo: No Idea, the thing I’m pissed off about is that the share price dropped below the “discounted” share price. which means we could’ve actually waited and bought it for less!
This is really frustrating guyz bcoz the only thing I am getting is their confusing statements with big numbers I for one think they shuld write simple words by telling what do we have now as the shareholders bcoz I think its the year of our dividend which I am not sure we are going to get…