Prophet Magaya to lose Waterfalls properties over US$500,000 debt… Just days after order to pay back US$3 million he defrauded

Controversial Prophet Walter Magaya and his wife are set to lose their land in Waterfalls after an auction to sell the property was scheduled for Friday, 27 February 2026. Graham and Douglas Real Estate has already been appointed by the Sheriff of the High Court to handle the sale.

Magaya, his wife, and their company, Planet Africa (Private) Limited, have been in a legal dispute with GetBucks Microfinance Bank over a debt that has grown to more than US$500,000.

The property is the remainder of Stand 166 of Prospect in the district of Salisbury, measuring 3.2323 hectares, also known as 166 Smuts Road, Prospect, Harare. The land already has a house with six bedrooms, a lounge, dining room, staff quarters, and it is fenced, walled, and gated.

This comes after the High Court of Zimbabwe recently ordered Walter Magaya to repay a staggering US$3 million (approximately R54 million) to an Israeli business partner. In a fiercely worded judgment, Justice Maxwell Takuva not only dismissed Magaya’s attempt to use exchange control laws as a shield but also denounced his conduct as standing in “stark and troubling contrast” to the scriptures he preaches, awarding costs against the prophet on a higher scale.

The judgment arises from a Memorandum of Agreement dated 12 May 2022, under which Magaya received US$3 million from Israeli businessman Ronny Aharon Musan Levi for a mining project. The agreement stipulated that Magaya would register a first-ranking mortgage over his Yadah Hotel Properties within 30 days as security. However, court papers revealed that Magaya neither registered the bond nor repaid a single cent.