End of era for a Drip footwear.

Breaking news.

Today marks a sad day as a black owned company Drip Footwear face's liquidation.

The High Court of Johannesburg has issued a ruling for the liquidation of Drip Footwear as a company.

The liquidation process involves selling off the company's assets to pay off its debts, and once that process is complete, the company will be dissolved and will no longer exist as a legal entity on the official register.

Drip Footwear have been drowning in millions of debts for some time with it's leader also facing personal issues in the marriage.

Few months back MEC Lebogang Maile wrote a letter to reserve bank in an attempt to ask the bank to assist in reviving the black owned entity.

Today unfortunately at has come to the end of the road for the company leaving all those who used to depend on it stranded.

What is your view about this matter?

We value your feedback.