Dis-Chem

In today's world, Dis-Chem has become a topic of increasing interest and debate. From its origins to its impact on today's society, Dis-Chem has captured the attention of experts and the general public. As its relevance continues to increase, it is crucial to understand its implications and consequences in different areas. In order to address this question comprehensively, this article seeks to explore the different aspects of Dis-Chem, from its historical origins to its influence today. Through a detailed analysis, it is intended to shed light on this topic in an objective and complete manner, offering the reader a broad and precise vision.
Dis-Chem
JSE:DCP
ISINZAE000227831
Founded1 January 1978 (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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