Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Clicks Group Limited    CLS   ZAE000134854

CLICKS GROUP LIMITED

(CLS)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Clicks : Nkoana-Mashabane and Clicks Group in Transformation Talks

share with twitter share with LinkedIn share with facebook
09/23/2020 | 07:06am EDT

Minister in the Presidency for Women, Youth and Persons with Disabilities, Maite Nkoana-Mashabane, this week met with the Chief Executive Officer and representatives of the Clicks Group.

This was to engage on the group's transformation agenda in response to a racially offensive advert placed on its website on 4 September 2020.

The meeting was attended by representatives of the Clicks Group, the Department of Women, Youth and Persons with Disabilities, as well as Department of Sport, Arts and Culture (as custodian of government's efforts on social cohesion and nation building).

In her opening remarks, Minister Nkoana-Mashabane expressed her shock and disappointment at the deeply offensive advert that portrayed black women's hair as inferior to that of white women's hair by using and labelling images of various types of hair along racial lines.

Minister Nkoana-Mashabane went on to add that while the advert irresponsibly reinforced racist tropes of the inferiority of 'black beauty,' it also has a damaging impact on black women who must continue to struggle for their humanity on a daily basis due to multiple layers of structural racism and sexism that still exists in the country.

Clicks Group CEO Vikesh Ramsunder, took the opportunity to appreciate the engagement with government and stakeholders to improve on its commitments and to be held to higher levels of professionalism as a responsible retailer in South Africa.

"This incident has allowed me as the head of the organisation to look deeper within the organisation to see what else can be accelerated, or what else can be done," Ramsunder said.

The focus of the meeting was Clicks Group's appetite for the socio-economic empowerment of women, youth and persons with disabilities.

"My responsibility is to monitor the implementation of all laws of this country that seeks to redress the imbalances of the past for these sectors and ensure that the public and private sectors complies in order for us a nation to reach that generation equality goal of 50-50 by 2030," the Minister said.

Group Human Resources Director for Clicks Group, Bertina Engelbrecht, made a presentation on how the organisation was working towards transforming its workforce, improving on training, its work on gender-based violence, responding to sexual harassment in the workplace and the group's commitment to the public health agenda.

In her closing remarks, Director General for The Department of Women, Youth and Persons with Disabilities, Advocate Mikateko Joyce Maluleke, proposed a follow up meeting to look at opportunities for partnership to ensure women, youth and persons with disabilities form part of Clicks Group's transformation agenda.

Copyright SAnews.gov.za. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English


share with twitter share with LinkedIn share with facebook
All news about CLICKS GROUP LIMITED
09/23CLICKS : Nkoana-Mashabane and Clicks Group in Transformation Talks
AQ
09/22CLS : CLICKS GROUP LIMITED - Appointment of Independent Non-Executive Director t..
PU
09/15CLS : CLICKS GROUP LIMITED - Resignation of Non-Executive Director
PU
09/14TRESemmé hair ad angers South Africans still hurting from racist past
RE
09/14TRESemmé hair ad angers South Africans still hurting from racist past
RE
09/11Unilever South Africa takes further steps after 'racist' TRESemmé advert
RE
09/11Unilever South Africa takes further steps after 'racist' TRESemmé advert
RE
09/10Unilever South Africa to pull all TRESemmé products for 10 days over 'racist'..
RE
09/07South African retailer Clicks' stores face protests over ads seen as racist
RE
09/07S.African retailer Clicks' stores face protests over ads seen as racist
RE
More news
Financials
Sales 2020 34 266 M 2 102 M 2 102 M
Net income 2020 1 798 M 110 M 110 M
Net cash 2020 2 567 M 157 M 157 M
P/E ratio 2020 32,7x
Yield 2020 2,04%
Capitalization 58 132 M 3 567 M 3 566 M
EV / Sales 2020 1,62x
EV / Sales 2021 1,48x
Nbr of Employees 15 413
Free-Float 90,7%
Chart CLICKS GROUP LIMITED
Duration : Period :
Clicks Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CLICKS GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 241,67 ZAR
Last Close Price 233,78 ZAR
Spread / Highest target 13,8%
Spread / Average Target 3,37%
Spread / Lowest Target -12,3%
EPS Revisions
Managers
NameTitle
Vikesh Ramsunder Chief Executive Officer & Executive Director
David Morris Nurek Independent Non-Executive Chairman
Michael Fleming Chief Financial Officer & Executive Director
Martin Rosen Independent Non-Executive Director
Fatima Abrahams Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CLICKS GROUP LIMITED-8.89%3 566
WALGREENS BOOTS ALLIANCE, INC.-37.30%32 463
MCKESSON CORPORATION10.64%24 822
CARDINAL HEALTH, INC.-5.67%13 998
WELCIA HOLDINGS CO., LTD.23.17%8 778
DASHENLIN PHARMACEUTICAL GROUP CO., LTD.101.65%8 493