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THE

BEECHAMBER

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NEWS

FRAUDULENT B-BBEE CREDENTIALS

Writer's picture: Newsletter EditorNewsletter Editor

The primary risk to organizations in meeting their Preferential Procurement targets is the use of fraudulent B-BBEE certificates and affidavits. Such fraudulent credentials undermine the spirit of B-BBEE and can only be discovered during B-BBEE verification processes, potentially exposing the organization to significant risks.

The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Certificates and Affidavits. They not only go against the spirit of B-BBEE, but they put an organisation at risk, as fraudulent B-BBEE Credentials generally only reveal themselves at the time of an organisation’s B-BBEE Verification.

 

The B-BBEE Commission's website contains a List of known Fraudulent / Invalid B-BBEE Credentials currently in circulation.

 

If any Members have suspicions about B-BBEE Credentials currently on file, Certificate Collection Services is on hand to assist with validation of their authenticity. 

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