Magaya’s holding company sued for $40 000

Posted by Maveriq

Zimbabwe Stock Exchange-listed cable manufacturer and supplier Cafca Limited has sued Planet Africa.  This is the holding company of Walter Magaya‘s Prophetic Healing and Deliverance Ministeries.

Cafca claims that Magaya’s Plant Africa defaulted on a payment of $40 000.  Wellington Magaya, Cafca’s lawyer,  said the amount should have been paid upon delivery of the appliance.

The summons read:

Sometime in August 2016, plaintiff and defendant entered into an agreement for the supply of electric cables on credit.

Plaintiff and defendant entered into agreement in terms of which plaintiff was to purchase electric cables on credit.

In terms of the agreement, all purchases were supposed to be paid for within 30 days from date of purchase.

In breach of the agreement between the parties, plaintiff failed to make full payment within 30 days leaving a balance of $42 477,37 outstanding.

More: Daily News

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