試す 金 - 無料
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.
このストーリーは、Cape Times の December 02, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Cape Times からのその他のストーリー
Cape Times
SA's Ferreira reveals message to Dubey in thrilling win
RAJASTHAN Royals (RR) finisher Donovan Ferreira opened up on his on-field conversation with Shubham Dubey, revealing how a simple message of watching the ball properly helped power their match-winning partnership against Punjab Kings (PBKS) at the PCA New International Stadium on Tuesday.
2 mins
April 30, 2026
Cape Times
Chery's South African expansion: Jetour models and bakkies to be built locally
CHINESE manufacturer Chery has confirmed that either the popular Jetour T1 or T2 will be produced at their Rosslyn plant, which they recently took over from Nissan.
2 mins
April 30, 2026
Cape Times
Sukazi eyes Nedbank Cup glory as TS Galaxy look to relive historic success
TS Galaxy's historic success in the 2019 Nedbank Cup laid the foundation on which the club is built, which is why chairman Tim Sukazi is eager for another successful night in the competition at New Peter Mokaba Stadium on Saturday (6pm kickoff).
3 mins
April 30, 2026
Cape Times
South African Soprano Mimi Coertse remembered as a national treasure
OPERA legend Mimi Coertse has been remembered as a towering figure in classical music whose voice came to define the spirit of South African opera both locally and abroad.
2 mins
April 30, 2026
Cape Times
Why Japan has given Libbok a chance to reset his mind
IT'S been a case of out of sight, out of mind as far as Springbok flyhalf Manie Libbok playing rugby in Japan is concerned.
2 mins
April 30, 2026
Cape Times
Hegseth testifies before Congress on Iran war as peace talks stall
PENTAGON chief Pete Hegseth will make his first testimony before Congress on the Mideast war this week, as efforts to end the conflict stalled with the US reportedly sceptical of Tehran's latest offer to unblock the Strait of Hormuz.
3 mins
April 30, 2026
Cape Times
Leaders launch Community Guardianship Desk to tackle crime
COMMUNITY, religious and law enforcement leaders in Cape Town are joining forces in a renewed push to combat crime, with the Cape Town Ulama Board (CTUB) announcing a new initiative aimed at strengthening grassroots safety efforts.
1 mins
April 30, 2026
Cape Times
MTN’s strategic shift: Governance and the nation-state program for 2026
MTN is beefing up its governance and has formed a “nation-state program” to address growing volatility in the global telecoms market that has become roiled with factors such as AI disruption, geopolitical fragmentation and regulatory complexity.
3 mins
April 30, 2026
Cape Times
MPS question SANDF effectiveness on Cape Flats
THE deployment of the South African National Defence Force (SANDF) has been slammed as a complete failure in Parliament as killings continue unabated on the Cape Flats.
2 mins
April 30, 2026
Cape Times
Durban City unfazed by Parker's arrival at TS Galaxy
DURBAN City's response to Bernard Parker's arrival as coach at TS Galaxy ahead of their Nedbank Cup final on Saturday suggests they are unfazed by the former football star.
2 mins
April 30, 2026
Listen
Translate
Change font size

