Joe ‘Ferrari’ Sibanyoni seeks to interdict his arrest for extortion

Santaco weighs next move after taxi boss Joe 'Ferrari' Sibanyoni's dramatic arrest

Santaco executive chairman Joe "Ferrari" Sibanyoni faces extortion and money laundering charges over alleged R2.2 million in protection fees extorted from a mining businessman between 2022 and 2025; the case was temporarily struck off the roll after the prosecutor failed to appear. The NPA's confirmed intent to re-enrol the case keeps leadership uncertainty at Santaco alive, signalling ongoing systemic risk in South Africa's taxi industry governance and its multi-billion-rand investment arms.