South African billionaire Ivan Saltzman quits Dis-Chem board, ending the founding family's 48-year presence
Ivan Saltzman resigned from the Dis-Chem board with immediate effect, barely three weeks after taking the non-executive seat he retired into.
Dis-Chem
Founding family's grip on Dis-Chem loosens as Ivan Saltzman's son quits the board
Saul Saltzman, son of Dis-Chem's billionaire founder Ivan Saltzman, has resigned from the board, loosening the founding family's grip on the retailer.
South Africa has a new dollar billionaire and it is Dis-Chem founder Ivan Saltzman
The Saltzman family has been ranked by the Bloomberg Billionaires Index for the first time with a $1.3 billion fortune built from a single Johannesburg pharmacy.
South African billionaire Ivan Saltzman built Dis-Chem into a $1.7 billion empire but Bloomberg says the succession test is only beginning
Ivan Saltzman built Dis-Chem from a single Johannesburg pharmacy in 1978 into a $1.7 billion healthcare chain and now faces his hardest task: handing it over.
Dis-Chem's new CEO is spending hundreds of millions to reinvent South Africa's biggest pharmacy chain
Dis-Chem CEO Rui Morais is spending hundreds of millions on internal disruption to transform South Africa's second-largest pharmacy chain into an integrated healthcare provider.
South Africa's Human Rights Commission opens hate speech probe into Dis-Chem heir Mark Saltzman
South Africa's Human Rights Commission opened a hate speech investigation into Dis-Chem shareholder Mark Saltzman over posts on X containing the k-word and other racially inflammatory language.
South Africa's Dis-Chem faces nationwide boycott calls after heir Mark Saltzman clashes with journalist over Palestine
Dis-Chem faces growing boycott calls after shareholder Mark Saltzman clashed with journalist Redi Tlhabi on social media over Palestine posts, drawing public anger at the pharmacy chain.
Dis-Chem founders' sons Mark and Dan Saltzman sold $37.9 million in shares months after inheriting a $400 million stake
Mark and Dan Saltzman have sold R642 million ($37.9 million) in Dis-Chem shares months after inheriting a R6.8 billion stake from their parents.
Dis-Chem founder Ivan Saltzman to step down from executive board role in 2026
Dis-Chem founder Ivan Saltzman will step back again in 2026, ending an executive era as the family reshapes its shareholding.
South African Saltzman family sees $90 million gain from Dis-Chem shares
This not only cements the Saltzman family’s status among South Africa’s wealthiest but also underscores Dis-Chem’s strong market performance.
South African Saltzman family gains $15.7 million from Dis-Chem shares
This recent gain follows an earlier increase of $18.79 million between Sept. 13 and Oct. 26.
South African tycoon Ivan Saltzman sells $75.15 million worth of Dis-Chem shares
The sell-off, a routine measure to trim his stakes in the leading group, follows Saltzman’s decision to step down as the CEO in June 2023.
The Saltzmans, one of South Africa’s richest families, make $103 million in 27 days
The Saltzman family, who own 35.12 percent of Dis-Chem, played a key role in steering its growth into one of South Africa’s largest retail pharmacy chains.
Led by South African Saltzman family, Dis-Chem’s earnings slump below $40 million
The billionaire Saltzman family, who currently own a 35.1-percent stake in Dis-Chem, have solidified their status as one of the wealthiest families in South Africa.