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alfred mashiya

ECONOMY-FINANCE

Cause of death of Drip Sneakers managing director revealed

The partnership saga behind Drip Footwear seems to be deepening. A few day ago, Alfred Mashiya announced that he will sue the founder of Drip Footwear Lekau Sehoana of 34% of his business. This was a result of failure from Sehoana side to pay Alfred a loan of R45 700 together with R18 000 interest.

  1 month ago ago
Cause of death of Drip Sneakers managing director revealed

ECONOMY-FINANCE

Angry investor Sues Drip Founder 34% of the Company

Freddy Lekau was celebrating his company's partnership with hip hop artist Cassper Nyovest. It was a R100 million deal with Casper's company Family tree. However there are reports emerging that he has been dragged by an investor from Pretoria. Who is demands a third of his company( Drip footwear).This comes after he paid half a million of R45 700 of the loan amount.

  1 month ago ago
Angry investor Sues Drip Founder 34% of the Company

FASHION-BEAUTY

"My Life Will Never Be The Same" Says Drip Owner Lekau

Remember the breaking news about Lekau's unfortunate disaster?. It was reported that he had signed a deal with Alfred Mashiya. Who is demanding 34% of the company after he invested with R45 700 in the business in 2019. It is also said that Lekau Sehoana said he had paid only R100 000 because the shoe sale had not meet an amount of R500 000 he made the whole payment after he received letter of demand from the lawyers.

  1 month ago ago

FASHION-BEAUTY

Drip sneaker owner is in big mess

Drip sneaker is regarded as South African local sneaker brand which is making its way on top of the shelves. One can confidently say that this sneaker is amongst top three most loved sneakers in South Africa with so many people buying them each and everyday. Now the drip stores are found in almost each and every year, and that is a massive achievement because the sneaker only has less than two years in market.

  1 month ago ago
Drip sneaker owner is in big mess

JUSTICE

Drip founder sued for 34% of sneaker brand

Famous South African tennis shoe brand Drip has been muddied by an offer proprietorship fight between its originator and a Pretoria financial backer, who needs 33% of his business after he had repaid him the greater part 1,000,000 for a credit of R45 700. Alfred Mashiya has hauled the footwear engineer Freddy Lekau Sehoana and his organization Drip Footwear, to the Joburg High Court to request that he move 34% of the organization's portions to him.

  1 month ago ago
Drip founder sued for 34% of sneaker brand

JUSTICE

Alfred Mashiya sues founder of Drip

Alfred Mashiya sues founder of Drip Footwear Lekau Sehoana of 34% of his business. This comes after Lekau failed to pay Alfred a loan of R45 700 together with R18 000 interest and also pay him R100 from every pair of the first 5000 sneakers sold. Mashiya said Sehoana was supposed to repay the loan together with R18 000 interests before December 31, 2019, and also pay him R100 from every pair of the first 5 000 sneakers sold.

  1 month ago ago
Alfred Mashiya sues founder of Drip

JUSTICE

Alfred Mashiya takes Drip Footwear to court

This comes after Lekau failed to pay Alfred a loan of R45 700 together with R18 000 interest was made by Sehoana and also promised to pay Alfred R100 from every pair of the first 5000 sneakers sold. Alfred Mashiya says they agreed that if Lekau delayed paying him, he would then be entitled to gain 5% of shares after 24 hours of non-payment and 1% for each day the payment was delayed

  1 month ago ago
Alfred Mashiya takes Drip Footwear to court

JUSTICE

The famous Drip founder is sued for 34% ownership of sneaker brand

11 October 2021 Writer: Sphe J Hadebe Johannesburg- The famous founder of a popular footwear brand, Drip faces a tough lawsuit that will see him losing 34% ownership of his company. This comes after battle between him and a Pretoria investor who now wants a third of his his business after he had paid him more than half a million for a loan of R45 700.

  1 month ago ago
The famous Drip founder is sued for 34% ownership of sneaker brand

FASHION-BEAUTY

Drip Footwear owner Lekau in some legal battle over his brand.

Lekau Sehoana is the founder of the most successful footwear in South Africa "Drip. Lekau is living his dream trying to inspire and empower young people. Lekau Sehoana, 32, moved from having no shoes to wear to building a sneaker brand called Drip Footwear. Lekau started back in 2003 by only redesigning old sneakers by adding denim cloth and some polyurethane fabric to them.

  1 month ago ago
Drip Footwear owner Lekau in some legal battle over his brand.

FASHION-BEAUTY

Bad news for Drip Footwear Founder

Freddy Lekau Sehoana has impelled extraordinary numerous South Africans with his record of destitution to recently discovered riches. He has opened different stores around South Africa and is regardless, doing some high-profile hotshot joint endeavors anyway encounters obviously run into some trouble. A local money director is mentioning 34% of the shoe brand following a dismissed credit understanding.

  1 month ago ago
Bad news for Drip Footwear Founder

ECONOMY-FINANCE

Sad news-Drip footwear founder Lekau Sehoana sued for 34% of his business

Freddy Lekau Sehoana has motivated a huge number of South Africans with his account of poverty to newfound wealth. He has opened various stores around South Africa and is in any event, doing some high-profile VIP coordinated efforts yet experiences run into some difficulty. A nearby finance manager is requesting 34% of the shoe brand following a neglected advance arrangement.

  1 month ago ago
Sad news-Drip footwear founder Lekau Sehoana sued for 34% of his business

JUSTICE

Drip footwear founder Lekau Sehoana sued for 34% of his business

Freddy Lekau Sehoana has roused large number of South Africans with his account of poverty to newfound wealth. He has opened various stores around South Africa and is in any event, doing some high-profile big name joint efforts however experiences apparently run into some difficulty. A nearby financial specialist is requesting 34% of the tennis shoe brand following a neglected advance arrangement.

  1 month ago ago
Drip footwear founder Lekau Sehoana sued for 34% of his business

JUSTICE

Drip footwear founder Lekau Sehoana sued for 34% of his business

Freddy Lekau Sehoana has propelled great many South Africans with his account of poverty to newfound wealth. He has opened various stores around South Africa and is in any event, doing some high-profile superstar joint efforts however experiences apparently run into some difficulty. A neighborhood finance manager is requesting 34% of the shoe brand following a neglected credit understanding.

  1 month ago ago
Drip footwear founder Lekau Sehoana sued for 34% of his business

JUSTICE

Eish-Drip footwear founder Lekau Sehoana sued for 34% of his business

Freddy Lekau Sehoana has roused great many South Africans with his account of poverty to newfound wealth. He has opened various stores around South Africa and is in any event, doing some high-profile big-name joint efforts yet experiences run into some difficulty. A nearby finance manager is requesting 34% of the tennis shoe brand following a neglected credit understanding.

  1 month ago ago
Eish-Drip footwear founder Lekau Sehoana sued for 34% of his business

ECONOMY-FINANCE

Alfred Mashiya sues founder of Drip Footwear Lekau Sehoana of 34% of his business

Alfred Mashiya sues founder of Drip Footwear Lekau Sehoana of 34% of his business. This comes after Lekau failed to pay Alfred a loan of R45 700 together with R18 000 interest and also pay him R100 from every pair of the first 5000 sneakers sold. Alfred Mashiya says they agreed that if Lekau delayed paying him, he would then be entitled to gain 5% of shares after 24 hours of non-payment and 1% for each day the payment was delayed

  1 month ago ago
Alfred Mashiya sues founder of Drip Footwear Lekau Sehoana of 34% of his business