AECI is aware of numerous attempts by a fraudster(s), operating under the name Philip Sanders, to open an account and apply for credit with various third party suppliers, purportedly in the name of AECI Limited (“AECI” or the “Company”).

As part of this scheme, the perpetrator(s) attach to emails forged ID documents of Company Board members, financial statements, a bank cheque, and other fraudulent supporting documents.

AECI is aware of at least one third party that has suffered losses as a result.

The fraudulent activity was reported to the SAPS some time ago and is under investigation.

Please be extremely vigilant. Should you encounter or become aware of the above activities, or similar, you are urged to contact AECI’s Iwan Schutte (Group Internal Audit Manager, This email address is being protected from spambots. You need JavaScript enabled to view it.) or Nomini Rapoo (Group Company Secretary, This email address is being protected from spambots. You need JavaScript enabled to view it.),
Tel. +27 (11) 806 8700, before approving a credit account in the name of AECI or any of its businesses/entitities.