The recent sale aligns with a broader trend in the South African retail industry, where founding families reduce their control over companies.
Saltzman Family
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The South African billionaire Saltzman family holds a 35.1 percent stake in the company, valued at R9.97 billion ($529.23 million).
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This increase follows earlier gains recorded between April 24 and April 30, when the market value of the family’s stake surged by …
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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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By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.
- Hot News
South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 …
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Lynette and Ivan Saltzman own a beneficial 35.12-percent stake in the Gauteng-based Dis-Chem Pharmacies.
- Southern Africa
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 …