Taxi bos Joe “Ferrari” Sibanyoni and his co-accused have been granted R70,000 bail each in the Delmas Magistrate's Court.

Taxi boss Joe “Ferrari” Sibanyoni and his co-accused have been granted R70,000 bail each in the Delmas Magistrate's Court in Mpumalanga.

Their matter will return to court on September 1.

Sibanyoni and his co-accused - Bafana Sindane, Mvimbi Masilela, and Philemon Msiza - are accused of extorting more than R2.2 million from a mining businessman between 2022 and 2025.

*This is a developing story*