Clicks directors to donate a third of their salaries to Solidarity Fund

In a statement released by the health and beauty retailer, Clicks Group said that its three executive directors, CEO Vikesh Ramsunder, CFO Michael Fleming and human resources director Bertina Engelbrecht will donate a third of their salaries to the Solidarity Fund for the next three months.

The chairman of the board, as well as other non-executive directors, will also be donating a third of their directors’ fees over the next three months.

“We have heeded the call by President Cyril Ramaphosa to aid South Africa in the battle against the Covid-19 pandemic. We believe that corporate South Africa has a major responsibility in helping to combat this disease by working in partnership with the public sector and providing much-needed resources,” commented Ramsunder.

Woolworths execs accept pay cuts to financially assist staff

6 Apr 2020

In a trading update announced last week, Woolworths announced that its board members, group CEO and the retailer's senior executive team members agreed to forego up to 30% of their fees and salaries over the next three months, while Pick n Pay CEO Richard Brasher and other group executives from the grocery retailer offered to donate half their salary this month towards the company's new Feed the Nation relief fund.