NPA Freezes R99 Million in Assets Belonging to Mpumalanga Taxi Boss Joe Sibanyoni
- The NPA's Asset Forfeiture Unit secured a preservation order against Joe 'Ferrari' Sibanyoni and his co-accused in an extortion case
- The frozen assets include luxury vehicles such as Ferraris, a Porsche and BMWs, as well as properties in exclusive golf estates
- Sibanyoni and three others face extortion and money laundering charges, with their case set to resume in April 2027
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MPUMALANGA — The National Prosecuting Authority (NPA) has moved to freeze assets worth at least R99 million belonging to Mpumalanga taxi boss Joe "Ferrari" Sibanyoni, following a court-granted preservation order.
The NPA's Asset Forfeiture Unit obtained the restraint order against Sibanyoni and his co-accused, which includes taxi fleet owner Oupa "Bafana" Sindane. The four accused collectively face charges of extortion and money laundering. Their case is scheduled to continue in April 2027.
What the charges allege
Prosecutors allege the group pressured the director of a road-construction company into making payments to them. Sibanyoni has previously described those payments as a "local content fee," a characterisation the NPA disputes.
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The preservation order covers a substantial portfolio of assets. Among the luxury vehicles affected are several Ferraris, a Porsche, a Lexus, Mercedes-Benz vehicles and BMWs. Properties under the order include houses and estate homes in Centurion and Pretoria, as well as residences within exclusive golf estates in Centurion.
In addition, the accused are required to hand over control of various bank accounts and investment holdings to a court-appointed curator.
See X post by the NPA here:
NPA comments on the order
NPA spokesperson Kaizer Kganyago explained the significance of the order: "The restraint order advances one of the key objectives of POCA, namely to deprive persons of the proceeds and benefits of crime."
The order operates under the Prevention of Organised Crime Act (POCA), which empowers the NPA to secure assets before a criminal conviction where there is reason to believe those assets represent the proceeds of unlawful activity.
Sibanyoni previously appeared at the Kwaggafontein Magistrates' Court in connection with the extortion matter, and the case has seen multiple postponements at the Delmas court, including earlier deadlines set for both the state and the defence.
Complainant in Sibanyoni case dissapointed at case outcome
Previously, Briefly News also reported that the man who opened a case against Joe "Ferrari" Sibanyoni and his co-accused has spoken out after the matter was struck off the court roll. Speaking after the matter was struck off the roll, the complainant in the matter expressed disappointment with the outcome. The businessman, who alleged that Sibanyoni and his co-accused extorted him of R2.2 million over three years, said he felt as if he had been failed by the justice system.
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Source: Briefly News
