‘Ferrari’ Sibanyoni admits he fronted for mining businessman to profit from tender
The Madlanga Commission on Tuesday heard details of an alleged business relationship between Joe Sibanyoni and Tengane Ntuli.
Kwaggafontein taxi driver Joe 'Ferrari' Sibonyoni has confessed to partnering with a mining businessman to capitalize on tender regulations. Testifying before the Madlanga Commission of Inquiry on Tuesday, Sibonyoni addressed questions about his business dealings. A WhatsApp message was presented as evidence, allegedly demonstrating a protection racket.
Commissioner Matthew Chaskalson read a statement from businessman Tengane Ntuli, claiming Sibonyoni and accomplice Bafana Sindane extorted him to secure a contract for R572 Moloto Road upgrade. Sibonyoni denied wrongdoing, stating their partnership aimed to help Ntuli secure the contract. Ntuli held mining rights at a quarry, and Sibonyoni facilitated local content by paying R900,000.
Chaskalson probed Sibonyoni about a text message with five names believed to be victims of a shooting, which the taxi boss claimed he was aware of. Sibonyoni and Ntuli initially agreed on a 50-50 profit split, later settling on a 60-40 arrangement due to Ntuli's industry experience. The taxi boss explained their business structure and the 30% local content requirement, stating Ntuli supplied materials from the quarry while Sibonyoni managed the partnership.
Written by urgent.news from The Citizen's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
