Walter Magaya’s Hotel & Stadium Set For Auction

Walter Magaya’s Hotel & Stadium Set For Auction Cant Pay Zvikwereti

By Staff Reporter
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September 29, 2025

Prophet Magaya’s Prime Waterfalls Properties Up For Auction

Prophet Walter Magaya’s multi-million dollar hotel and stadium complex in Waterfalls is set for auction after two separate creditors secured writs of execution from the High Court. The prime developments, located on adjoining stands at Smuts Road in Prospect, appear to overlap — with both creditors listing the same hotel and stadium facilities — raising the likelihood that the complex spans both properties.

Chinese National Targets Stand 168
According to court papers under Sale Number SH3294/25 dated 24 September 2025, Chinese national Li Xiu Yun successfully obtained a writ against Prophetic Healing and Deliverance (PHD) Ministries. The order targets Stand 168 of Prospect, a 3.8428-hectare property at 168 Smuts Road, Waterfalls.

A report on the property noted that access was denied, but visible improvements included “a hotel that appeared to be a four-star with ancillary facilities, several cluster houses/lodges and a stadium.”

The court papers reported that the development has long been a neighbourhood milestone, with enhanced security and extensive facilities, making it one of the most prominent projects associated with Magaya’s ministry.

GetBucks Pursues US$420,000 On Stand 166
The second case, under Sale Number SH3298/25, involves GetBucks Microfinance Bank Limited. The microfinance institution is seeking to recover a debt of US$420,140 (about R7.7 million) from Planet Africa (Private) Limited, Walter Magaya, Tendai Magaya and Deliverance Ministries. The property attached in this case is the Remainder of Stand 166 Prospect, measuring 3.2323 hectares at 166 Smuts Road, Waterfalls. Court documents describe it as containing “a hotel and a 40-seater stadium with FIFA ranking, very good security and several clusters/lodges” — almost identical to the description of Stand 168.

This similarity strongly suggests that Magaya’s complex, including the hotel and FIFA-ranked stadium, may straddle both properties now being pursued by different creditors.
It was reported in June 2025 that GetBucks had already obtained a High Court order for repayment, but accused Magaya and his entities of frustrating recovery efforts.

In its court filing, the bank said:

“A couple of days before the sale in execution, the respondent voluntarily resolved to place the principal debtor under Corporate Rescue which position frustrated the sale in execution of the immovable property.”

GetBucks also alleged deliberate obstruction, telling the court:
“There being no further assets of the 1st and 2nd Respondent and after frustration of all execution avenues to frustrate the judgment of this court and to render it a brutum fulmen, it follows that the two are insolvent and their estates should be liquidated. Procedures have been abused to frustrate execution. Entities linked to the applicant have been used to frustrate genuine execution of court orders.”

Auction Ahead, But Confusion Remains
With two writs now covering overlapping properties, the Sheriff of the High Court faces the complex task of auctioning the Waterfalls developments. Creditors may end up pursuing claims on the same hotel and stadium, complicating the sale process and potentially triggering further legal battles.

For Prophet Magaya and PHD Ministries, the developments — once celebrated as a milestone in the church’s expansion — have become the centre of a financial storm. Both stands are now firmly under the hammer, with the creditors determined to enforce repayment.

Case Summary Box
Case Number   Parties Involved   Property   Improvements Listed
SH3294/25   Li Xiu Yun vs PHD Ministries   Stand 168 Prospect, 3.8428 ha, 168 Smuts Road   Hotel (4-star), cluster houses/lodges, stadium
SH3298/25   GetBucks vs Planet Africa (Pvt) Ltd, Walter & Tendai Magaya, PHD Ministries   Stand 166 Prospect, 3.2323 ha, 166 Smuts Road   Hotel, 40-seater FIFA-ranked stadium, cluster houses/lodges
Key Point: Both writs describe almost identical facilities, suggesting the hotel and stadium complex spans both adjoining stands.

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