Dis-Chem Pharmacies Limited is one of South Africa’s most recognizable retail pharmacy chains, but have you ever wondered who owns Dis-Chem? The answer lies in the inspiring journey of Ivan and Lynette Saltzman, the husband-and-wife duo who turned a small neighborhood pharmacy into a R30 billion empire.
The Founders: Ivan and Lynette Saltzman
Who owns Dis-Chem today traces back to 1978, when Ivan and Lynette Saltzman opened their first pharmacy in Mondeor, Johannesburg. With a modest investment of R10,000, the couple set out to create a business that would revolutionize the pharmacy retail industry in South Africa. Both qualified pharmacists, they combined their expertise with a keen sense of retail strategy to build a brand that prioritizes affordability, quality, and customer service.
Ivan Saltzman, the visionary behind Dis-Chem, always had a knack for retail. He saw an opportunity to differentiate their pharmacy by offering more than just medicines. The couple expanded their product range to include beauty, baby care, groceries, and household items, creating a one-stop shop for customers. This strategy paid off, and by the 1980s, Dis-Chem was already making waves in the industry.
Growth and Expansion
The Saltzmans’ decision to discount medicines and expand their product offerings set Dis-Chem apart from competitors. By the 1990s, the company was aggressively expanding across Johannesburg and Pretoria, opening larger stores that became destinations for shoppers.
In 2016, Dis-Chem reached a significant milestone by listing on the Johannesburg Stock Exchange (JSE). This move not only solidified its position as a market leader but also allowed the Saltzmans to share their success with investors while retaining a significant stake in the business. Today, Dis-Chem operates over 300 stores nationwide and employs more than 20,000 people.
Who Owns Dis-Chem
Shareholders of Dis-Chem Pharmacies Limited
| Name | Equities | % Ownership | Valuation (R) |
|---|---|---|---|
| Saltzman Family | 252,066,319 | 29.31% | 461M |
| Coronation Asset Management (Pty) Ltd. | 242,985,700 | 28.25% | 445M |
| Public Investment Corporation (SOC) Ltd. | 155,157,343 | 18.04% | 284M |
| Royal Bafokeng Holdings (Pty) Ltd. | 56,937,593 | 6.62% | 104M |
| Stansh Pty Ltd. | 39,904,885 | 4.64% | 73M |
The remaining shares are held by various institutional and retail investors, making up the free float available for public trading. These shares provide liquidity to the stock, allowing for active participation in the market while enabling Dis-Chem to attract a diverse range of investors.
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Leadership Transition and Legacy
In 2023, Ivan Saltzman stepped down as CEO after 45 years at the helm, passing the baton to Rui Morais. However, the Saltzman family remains deeply involved in the business. Ivan’s son, Saul Eytan Saltzman, serves as an executive director, ensuring the family’s values and vision continue to guide the company.
The Saltzmans’ story is a testament to the power of perseverance, innovation, and a customer-first approach. From a single store to a nationwide empire, who owns Dis-Chem is more than just a question—it’s a story of entrepreneurial spirit and family legacy.
Conclusion
So, who owns Dis-Chem? The answer is clear: it’s the Saltzman family, whose dedication and vision have shaped one of South Africa’s most successful retail chains. As Dis-Chem continues to grow, their story serves as an inspiration to aspiring entrepreneurs and a reminder that even the smallest beginnings can lead to extraordinary success.
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