Essayer OR - Gratuit
From inspiration to liquidation: The story of Drip Footwear
Cape Times
|December 02, 2025
DRIP Footwear was once a story of inspiration for black entrepreneurs, but it faced a severe financial crisis in 2024, leading to its liquidation.
On Friday, bids opened on auction site Bidder's Choice Group, for several items belonging to the business from the Drip Trademark and stock from the stores.
Nineteen stores are listed on the website with items available for auction.
Drip Footwear quickly gained popularity in South Africa, built on an inspiring origin story: Lekau Sehoana grew up in poverty, at times without shoes, and made his first pair of shoes from old denim and polyurethane in high school in 2003.
The commercial brand, capitalised on the urban street culture meaning of "drip" (looking nice or stylish) and became a beacon of hope for many aspiring black business owners.
Founded by Sehoana, the company went from a celebrated local brand to a cautionary tale of rapid expansion without sufficient financial controls.
Cette histoire est tirée de l'édition December 02, 2025 de Cape Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Cape Times
Cape Times
Mitchells Plain mourns Zechariah Matthee, 9, and two others killed in mass shooting
A MITCHELLS Plain woman has recounted the horrific moments when she ran back home after hearing gunshots, and found her nine-year-old grandson, her daughter and another man shot and killed.
2 mins
December 04, 2025
Cape Times
Premier Winde's sponsored NY trip under public protector's scrutiny
PREMIER Alan Winde' alleged failure to declare a sponsored trip to New York in the Register of Members’ Interests has now resulted in a Public Protector (PP) complaint against him.
2 mins
December 04, 2025
Cape Times
Alleged underworld kingpin Modack denies 'pinging' payments
FROM August to September 2020, alleged underworld kingpin Nafiz Modack had paid co-accused Zane Kilian R47 500 from his Empire account, coinciding with the tracking and assassination of Anti-Gang Unit detective Lieutenant-Colonel Charl Kinnear, the Western Cape High Court heard.
1 mins
December 04, 2025
Cape Times
Lula, Trump to boost efforts
BRAZIUS President Luiz Inacio Lula da Silva and his US counterpart Donald ‘Trump agreed in a phone call this week to intensify cooperation in the fight against organised crime, the Brazilian presidency said.
1 mins
December 04, 2025
Cape Times
Why Butoh matters for emerging Africa and a changing world
HAVING spent over two decades immersed in the world of Butoh, I believe its principles offer vital ways for humanity to rethink itself—particularly from perspectives outside the West.
3 mins
December 04, 2025
Cape Times
CEF positions itself to take over oil majors’ assets as companies exit South Africa
THE Central Energy Fund (CEF) says it is preparing to absorb fuel infrastructure and other assets from global oil companies that are scaling down operations in South Africa, as part of its strategy to secure national fuel supply and strengthen its downstream footprint.
2 mins
December 04, 2025
Cape Times
Logistics sector warns of rising costs as fuel prices jump ahead of festive season
SOUTH Africa's transport and logistics industry has warned of higher operating costs, rising consumer prices and pressure on holiday travel budgets after the government announced steep fuel price increases for December.
2 mins
December 04, 2025
Cape Times
Artscape Accessibility Festival a celebration of artists with disabilities
THE Artscape Accessibility Festival is more than a celebration of performance - it is a declaration of rights, dignity, and visibility.
2 mins
December 04, 2025
Cape Times
Boks handed favourable World Cup pool, but brutal knockout path awaits
THE Springboks have what amounts to a series of training runs in their 2027 World Cup Pool B matches against Italy, Georgia and Romania, but matters get deadly serious from the quarterfinals onward.
2 mins
December 04, 2025
Cape Times
City of Cape Town threatens constitutional challenge if fixed tariffs ruled invalid
SHOULD the court rule in favour of the South African Property Owners Association (SAPOA) and AfriForum, the City says they will seek to have Section 75A of the Systems Act declared inconsistent with the Constitution and invalid, as it impedes their ability to exercise their full municipal powers and deliver services to communities.
3 mins
December 04, 2025
Listen
Translate
Change font size
