Former Kaizer Chiefs and Supersport united midfielder Thuso Phala is in hot water and might soon lose his home due to unpaid loan.
According to Dailysun, the retired footballer used his home as collateral for two loans he obtained from First Rand Bank (FNB).
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FNB has applied for an order in the Joburg High Court to sell the former SuperSport United player’s house in Roodepoort, Mogale City after he allegedly failed to keep up with the instalment of the loans.
According to court papers, which Daily Sun has seen, Phala and his associates, Scotch Christopher Khoza and Susan Khoza applied for a loan of R995 000 at FNB. They also obtained an additional loan of just under R200 000.
The loans were approved and registered on 1 December 2011 near Durban in KZN. Afterwards Phala and his associates used the property, measuring 1275 square meters, as collateral.
“As security for the loan (set out more fully hereunder) the defendants hypothecated to the plaintiff the immovable property under cover of a First Mortgage Bond B4668/2012 registered in the office of the Registrar of Deeds on 27 February 2012,” read the papers.
The trio was supposed to pay back the loan amount in monthly instalments of over R8 500 on the 30th of every month for a period of 240 months.
The bank said Phala and his partners breached the loan agreement when they defaulted on the monthly instalment.
“In breach of the defendants’ obligations to the plaintiff, the defendants failed and/or refused to make payment of the monthly instalments. To date the defendants have failed and/or refused to remedy the breach,” read the papers.
The account was more than R40 000 in arrears by 28 September 2025. The arrears increased by more R360 by 26 October 2025. The tardiness resulted in the instalment increasing to just above R10 000 per month.
The bank said Phala and his associates made a payment of a paltry R2 400 on 27 October 2025.
“As at 27 October 2025, the defendants were truly and lawfully indebted to the plaintiff in the amount of R618 084.49 together with interest thereon currently accrued at the rate of 9,80% nominal per annum calculated daily and compounded monthly with effect from 26 October 2025 to date of payment, both days inclusive,” read the papers.
The bank said it has written about 11 emails, sent several SMses and left a barrage of voice messages to the defendants to clear the arrears. However, its efforts were unsuccessful.
“Given the history of the account, there is little or no prospect that the arrears will be liquidated within a reasonable period and, consequently, it is just that an order declaring the immovable property specially executable be granted.
“In the circumstances, the plaintiff is entitled to enforce the loan agreement against the defendants for all amounts owing thereunder, together with an order declaring the immovable property executable, as envisaged in the security documents,” read the papers.
However, Phala said he does not understand why the bank cited him as a respondent in the suit as the house belongs to his mum and not him.
FNB lawyer Barbara Seimenis promised to revert to us but had not done so at the time of publishing.
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Thuso finished his playing days at Black Leopards and Platinum Stars, leaving a mark wherever he went.
He also wore the green and gold for Bafana Bafana at the 2013 and 2015 Africa Cup of Nations, scoring goals fans still remember.
