• About Us
  • Advertise
  • Privacy Policy
  • T&Cs
  • Contact Us
Swisher Post
  • Home
  • News
    • Local
    • International
    • SA Lockdown
  • Cape Town Buzz
  • Lifestyle
    • Gossip
    • Soapies
    • Fashion
    • Events
    • Health for Dummies
    • Movies
  • Travel
  • True Crime
  • Viral
  • Tech & Gaming
    • Technology
    • Gaming
No Result
View All Result
Swisher Post
  • Home
  • News
    • Local
    • International
    • SA Lockdown
  • Cape Town Buzz
  • Lifestyle
    • Gossip
    • Soapies
    • Fashion
    • Events
    • Health for Dummies
    • Movies
  • Travel
  • True Crime
  • Viral
  • Tech & Gaming
    • Technology
    • Gaming
No Result
View All Result
Swisher Post
No Result
View All Result

Home » Viral » Clicks share price rises amid ‘racism’ uproar

Home Viral

Clicks share price rises amid ‘racism’ uproar

Clicks share price shows that the cosmetics giant may have weathered a treacherous storm.

Andile Sicetsha by Andile Sicetsha
Nov 3, 2020
in Viral
clicks - a cosmetics and beauty isle

Photo: Sourced from Clicks Group

FacebookTwitterWhatsapp

More than 400 Clicks stores were forced shut by rioters from the Economic Freedom Fighters (EFF) in response to a controversial and racially triggering advert that was uploaded onto the cosmetic giant’s website.

Clicks takes corrective steps to undo epic blunder

While protests were threatening to spill over onto Tuesday, Clicks managed to secure a court interdict that prohibited the EFF from intimidating and threatening customers and store employees.

No new reports of store looting have surfaced, as far as we know. Moreover, according to news anchor Melanie Rice, Clicks Group is expected to announce that since the racially triggering blunder:

  • all TRESemme products will be delisted and removed from shelves;
  • local hair care products will be expanded to meet the demand in the cosmetics and beauty section;
  • a senior executive responsible for overseeing third-party sponsored content has resigned; and
  • all staff members involved in the publishing of the controversial advert have been suspended.

#Clicks #clicksadvert: BREAKING NEWS: All Tresemme products to be delisted and removed from shelves. Local haircare products to be expanded. Clicks has accepted the resignation of the senior executive responsible & suspended all employees involved in publishing the advertisement.

— Melanie Rice (@MelanieJaneRice) September 8, 2020

Did the rioting and social media protests help?

It goes without saying, the widespread revolt against the racist advert was the result of social media backlash. Countless prominent voices amplified the outrage and the EFF’s unorthodox methods may have left the cosmetic giant with little else but to act decisively.

RelatedPosts

Watch: Man assaults woman in front of Madeira police [video]

Shireen Essop: Fears grow after missing woman’s car found in Khayelitsha

Mike Schüssler dies: Cause of death, biography, reactions

However, the controversy surrounding Clicks did nothing to their value in the Johannesburg Stock Exchange (JSE). According to the latest stock value data, Clicks’ share price has, since Tuesday afternoon, rose by 2.52%.

Many factors contribute to this but the one clear indicator that stands out is the little to no impact the revolt has had on the cosmetics retailer.

This was the last statement from Clicks Group’s CEO Vikesh Ramsunder:

“I am deeply disappointed. I couldn’t believe this happened within our organisation because until Thursday I thought we were in the right direction around transformation we have done enormous work.

“More than 80-percent of our employees are black but what I have come to realise is that I have a lot more work to do in the organisation. I can always pass the bark to Unilever which I am not doing, I can do what I am doing in my organisation to make sure that this does not repeat itself,” Ramsunder said.

Tags: FinancesSouth AfricaTop Trends

More from Swisher Post

vryheid stabbing

Watch: Vryheid stabbing caught on CCTV [video]

May 26, 2022
namhla mtwa murder

Namhla Mtwa murder investigation: ‘Detectives are on the right path’ – Cele

May 26, 2022
manna naidoo

Manna Naidoo: Former KZN mayor bullet-riddled body found near farm

May 26, 2022
Demond George father 33 children

Watch: Father of 33 children reacts to backlash [video]

May 26, 2022
Marcus rashford lucia loi

Marcus Rashford gets engaged to high school sweetheart

May 26, 2022

View our  Privacy Policy & Terms.

  • About Us
  • Advertise
  • Privacy Policy
  • T&Cs
  • Contact Us

© 2021 IWUW Publications (Pty) Ltd t/a Swisher Post South Africa

No Result
View All Result
  • Home
  • News
    • Local
    • International
    • SA Lockdown
  • Cape Town Buzz
  • Lifestyle
    • Gossip
    • Soapies
    • Fashion
    • Events
    • Health for Dummies
    • Movies
  • Travel
  • True Crime
  • Viral
  • Tech & Gaming
    • Technology
    • Gaming

© 2021 IWUW Publications (Pty) Ltd t/a Swisher Post South Africa