The Saltzman family, founders of South Africa's leading retail pharmacy chain Dis-Chem Pharmacies, has experienced a significant increase in the value of their investment in the company, driven by recent buying interest on the Johannesburg Stock Exchange (JSE) .
According to data tracked by Billionaires.Africa , the market value of the Saltzman family's stake in Dis-Chem has surged by R402.2 million ($22.6 million) over the past 18 days. This follows a previous gain from May 2 to 22 , when the value of their stake rose by R249.55 million ($13.68 million), elevating it from R8.27 billion ($453.13 million) to R8.51 billion ($466.81 million).
Dis-Chem shares push market cap above $1.7 billionDis-Chem Pharmacies, established by Lynette and Ivan Saltzman over four decades ago, has become one of South Africa's top retail healthcare groups.
The company provides a wide range of services including dispensaries, family clinics, wound care clinics, and self-medication centers.
