Former Khama Billiat is reportedly facing serious financial trouble after failing to keep up with payments on one of his luxury properties in Johannesburg. The ex-Kaizer Chiefs and Mamelodi Sundowns forward could soon lose one of his high-end homes as a result of mounting debt linked to an unpaid home loan.
According to court documents filed at the Johannesburg High Court, a lending company known as Emerging Markets Home Loans (EMHL) has taken legal action against the 35-year-old footballer. The company is seeking judgment after Billiat allegedly defaulted on his bond repayments for a property located in the affluent Kyalami area.
Reports indicate that EMHL initially loaned Billiat over R1 million in March 2021 to purchase the property. The agreement, structured as an instalment sales agreement, required him to make consistent monthly payments toward settling the bond. However, the situation began to deteriorate when Billiat reportedly stopped making payments in early 2024.
By February 2024, the footballer had already fallen behind on his instalments, placing him in breach of the agreement. The lender claims that despite being notified of the outstanding payments, Billiat failed to bring his account up to date. In March 2024, a sheriff was dispatched to deliver a formal summons to his residence, informing him of the legal consequences of his non-payment.
At the time the summons was served, Billiat was reportedly more than R100,000 in arrears. He was given an opportunity to settle the outstanding amount and avoid further legal action. However, the lender alleges that he did not respond or take corrective action.
As a result, EMHL proceeded to cancel the agreement, citing his failure to meet the required obligations within the stipulated timeframe. The company is now demanding full repayment of the outstanding bond, along with all arrears and associated costs. Furthermore, it has indicated that it intends to retain any payments already made under the agreement.
The situation has worsened over time, with reports suggesting that the total debt has now climbed to more than R1.4 million as of early 2026. Legal papers show that the lender is pushing for a court ruling that could allow it to repossess the property.
This is not the only property at risk. Billiat is said to own multiple units within the upmarket Summerset Village development, all of which may be under threat due to unpaid bonds. The developments raise concerns about the footballer’s financial stability following his departure from professional football at the highest level.
Billiat, who left Kaizer Chiefs in 2023, reportedly stepped away from the club due to mental exhaustion and the pressures associated with top-flight football. Since then, his career and personal affairs have largely remained out of the public spotlight—until now.
Attempts to get a response from both Billiat and EMHL have been unsuccessful. A representative from the lending company declined to comment on the matter, while the footballer has yet to publicly address the allegations.
If the court rules in favour of the lender, Billiat could face losing one of his prized properties, marking a significant setback for the once-celebrated star.
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