The sell-off, a routine measure to trim his stakes in the leading group, follows Saltzman’s decision to step down as the CEO …
"Ivan Saltzman"
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Saltzman and his wife own a 35.12-percent stake in Dis-Chem Pharmacies, a Gauteng-based retail pharmacy chain.
- Southern Africa
South African tycoon Ivan Saltzman to sell $41 million worth of Dis-Chem shares to executives
Saltzman, along with his wife Lynette, co-founded Dis-Chem Pharmacies in 1978.
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Dis-Chem’s founder and long-time steps down; CFO Rui Morais to become CEO in July.
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The payment will be made as part of the healthcare firm’s insurance coverage in South Africa.
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The family’s recent financial gains come after experiencing losses between March 22 and April 18, during which the family’s joint stake in …
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Despite the decline, the Saltzmans remain prominent investors on the Johannesburg Stock Exchange (JSE).
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The $21.08-million increase in the market value of the Saltzman family’s stake in Dis-Chem solidifies their position as significant investors on the …
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Thanks to the recent upswing in Dis-Chem’s shares, the Saltzman family’s stake in Dis-Chem has surged by R776.36 million ($41.42 million) since …
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By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.