Lungile Ntimba
Struggling Footwear Company The Drip Group must be liquidated and not given a ‘free pass’ because it is not tax compliant, according to DA Member of the Gauteng Legislature Mike Moriarty.
Moriarty’s utterance came after Gauteng MEC for Finance and Economic Development, Lebogang Maile tried to intervene and save Drip – entrepreneur and founder Lekau Sheoana’s company famous for making sneakers, by writing to the South African Reserve Bank (SARB) asking for interventions.
Maile wrote a letter to the SARB Governor Lesetja Kganyago requesting that he initiate a rehabilitative intervention and not a punitive one when dealing with Drip’s failure to comply with tax law legislation.
Moriarty said he agreed with Maile, that the investigative process should not run for two years, but said the answer should be not the cancellation of a tax debt.
He added that the party is also concerned about the plight faced by
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