Magaya's Prayer Mountain among 30 properties set for auction

Walter Magaya’s properties are heading to auction this Friday, 27 February, with some major assets on the line. His financial troubles have led to a big sell-off.

Properties set to be auctioned include Prayer Mountain
  • Around 30 properties, including Prayer Mountain, will be sold.
  • The auction is being handled by Graham & Douglas under the Sheriff’s Office.
  • The well-known Prayer Mountain is among the key assets being auctioned.
  • A house in Prospect is also on the list for sale.
No Yadah Hotel or Heart Stadium on the auction block
  • Contrary to rumors, the Yadah Hotel and Heart Stadium aren’t part of the sale.
  • The auction only includes properties like Prayer Mountain and a house on Smuts Road.
  • Auction details clarified after conflicting reports surfaced.
Magaya's Smuts Road and Caledon Avenue properties up for grabs
  • Smuts Road property features a six-bedroom house and staff quarters.
  • The Caledon Avenue property in Waterfalls spans 8.7 hectares.
  • Both properties are linked to Planet Africa, owned by Magaya and his wife.
  • The auction stems from a legal battle with GetBucks Microfinance Bank.
 

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