Naidoo became public interest after DJ Zinhle posted a picture with the businessman on social media. She referred to him as "Bond".
Naidoo is facing charges of fraud and theft allegedly committed through his forex trading business in which several people invested their pension monies and never received any returns.
At his previous appearance in April, Naidoo was granted bail of R50 000 after he spent 10 days behind bars.
On Friday Naidoo, dressed in a grey blazer, white shirt and blue jeans, was accompanied to the court by his mother and grandmother.