WATCH | Sibanyoni faces fresh grilling over R500m Moloto Road deal
The commission put it to Sibanyoni that the phrase could have referred to him as a new power figure following the death of former taxi boss Mswazi Msibi.
The Madlanga Commission in South Africa is investigating a R500-million contract and the alleged influence of businessman Joe "Ferrari" Sibanyoni over contractors and businessmen. Dr Tengane Thomas Ntuli testified that Sibanyoni demanded R100,000 in cash during their first meeting in July 2021, and later demanded 40% of his contract income, which Ntuli alleges was paid as a "protection fee" to a transport company linked to Sibanyoni.
Sibanyoni denies the extortion allegations, claiming the payments were linked to legitimate business arrangements. The "new sheriff" message, which warned of a change in power dynamics, has brought into focus the extent of Sibanyoni's influence over other contractors.
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