By Marcus Moloko
Taxi boss and businessman Madoda Johannes “Joe Ferrari” Sibanyoni, together with three co-accused, appeared in the Kwaggafontein Magistrate’s Court this week on charges of extortion and money laundering. Their bail application is expected to resume on Monday.
Sibanyoni, who has business interests in housing development, social housing, and mining, is accused of seeking a share from the Moloto Road (R573) construction project, according to a Sunday Times report, with access to an insider.
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According to the insider, Sibanyoni allegedly wanted a cut from the lucrative development.
While his legal representative, former Director of Public Prosecutions Shaun Abrahams, argued that Sibanyoni had a legitimate business relationship with the complainant, sources told the Sunday Times that no such relationship existed.
The National Prosecuting Authority (NPA) alleges that between 2022 and 2025, Sibanyoni and his associates
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