South African multimillionaire Saltzmans gain $20 million in Dis-Chem
South African multimillionaire Saltzman family has gained $20 million as their Dis-Chem stake climbs to $588 million.
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South African multimillionaire Saltzman family has gained $20 million as their Dis-Chem stake climbs to $588 million.
The Saltzman family’s Dis-Chem stake tops $630 million after steady JSE gains, signaling cautious investor confidence in pharmacy retail.
Dis-Chem Pharmacies, backed by South Africa’s billionaire Saltzman family, posted $1.2 billion revenue in H1 2025, driven by retail and wholesale growth.
Dis-Chem, backed by South Africa’s Saltzman family, has opened its 300th store in Mbombela, expanding access to affordable primary healthcare.
The Saltzman family’s stake in Dis-Chem has rebounded to nearly $500 million as shares rally on the Johannesburg Stock Exchange (JSE).
Dis-Chem founders lose $28 million as retail stock pressures hit Saltzman family’s holding on the Johannesburg Stock Exchange.
The move involves 217 million shares held via Ivlyn Local Investment Holdings, an investment vehicle controlled by the Saltzman family.
Dis-Chem’s Ivan Saltzman restructures $377.7 million stake, transferring shares to heirs in a move reinforcing family control, succession, and executive alignment.
This increase highlights the family's position as one of South Africa’s wealthiest.
The Saltzman family’s Dis-Chem stake surged by $53.5 million, recovering earlier losses and reinforcing their position among South Africa’s richest investors amid renewed market confidence.
This follows a previous loss between Feb. 7 and Mar. 10, when their stake dropped by $45.37 million, from $473.47 million to $428.09 million.
This latest drop comes after a $26.33 million loss earlier in the year.
South Africa’s Saltzman family controls a 29.3 percent stake, equivalent to 302,066,319 ordinary shares in the Gauteng-based company.
The Saltzman family, renowned South African billionaires and founders of Dis-Chem Pharmacies, has enhanced its integrated healthcare program through a binding Share Subscription Agreement (SSA) with OneSpark Proprietary Limited and OneSpark Holdings Inc., a Delaware-incorporated corporation.
The South African billionaire Saltzman family holds a 35.1 percent stake in the company, valued at R9.97 billion ($529.23 million).