Dis-Chem

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Dis-Chem
JSE:DCP
ISINZAE000227831
Founded1 January 1978; 46 years ago (1978-01-01) in Johannesburg
FounderLynette & Ivan Saltzman
HeadquartersCnr Le Roux Ave &, Stag Rd, Glen Austin AH,
Midrand, 1685
,
South Africa
Number of locations
165 (+5 abroad)
RevenueR21.4 Billion
Number of employees
18,000
Websitewww.dischem.co.za

Dis-Chem is the second largest retail pharmacy chain in South Africa, with 165 stores, plus 4 in Namibia and 1 in Botswana.[1] The chain had a total revenue of 21.4 billion South African rand in 2019. Dis-Chem has private label products, sells via the Internet, operates a loyalty programme, and the Group has a wholesale division.[2] The chain announced in 2016 its plans to double the number of outlets through 2021. At that time, one-third of its outlets were less than three years old.[3]

History

Dis-Chem started in 1978 when pharmacists Ivan and Lynette Saltzman, opened their first retail pharmacy in Mondeor, a southern suburb of Johannesburg. They introduced the concept of a discount pharmacy with product categories that until then, had not been offered in South African pharmacies because of prohibiting legislation.

In 2014, Dis-Chem opened its first store outside South Africa, in Windhoek, Namibia. In November 2016, Dis-Chem Pharmacies Limited group listed 27.5% of its listed share capital on the Johannesburg Stock Exchange. It was the second-largest IPO in the exchange's history.[2]

Criticism

In July 2020, the Competition Commission of South Africa found Dis-Chem guilty of inflating prices of certain hygiene products (i.e. disposable face masks) during the COVID-19 pandemic.[4]

In September 2023, Dischem CEO, Ivan Saltzman issued a memo. According to this letter the company has since placed a moratorium on the hiring and promotion of white individuals.[5]

References

  1. ^ "Find a store" Dis-Chem website, accessed 9 July 2020
  2. ^ a b "About Dis-Chem" Dis-Chem website, accessed 9 July 2020
  3. ^ Strydom, TJ (18 November 2016). "Dis-Chem to double pharmacies after South African market debut". Reuters.
  4. ^ "Tribunal fines Dis-Chem R1.2 Million for excessive pricing of face masks during COVID-19 pandemic". 7 July 2020.
  5. ^ "Dis-Chem sticks to moratorium on hiring of whites". 14 October 2022.
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