End of an era for 47-year-old South African retail giant
End of an era for 47-year-old South African retail giant Dis-Chem has officially begun as Executive Director Saul Saltzman, son of founders Ivan and Lynette Saltzman, announced his resignation after 19 years of leadership. The company confirmed that Saul’s exit will take effect on 27 February 2026, symbolising a generational transition within the Saltzman family and the broader Dis-Chem leadership change.
Saul will, however, remain a non-independent non-executive director, ensuring his continued involvement in the company’s corporate governance and long-term strategy. The Dis-Chem board expressed deep appreciation for his service and dedication, acknowledging his role in strengthening the brand over nearly two decades.
Leadership change marks a new chapter for Dis-Chem
The Dis-Chem leadership change reflects the gradual restructuring of the South African retail and pharmaceutical giant. Over the last few years, the Saltzman family — founders of the brand — have been transitioning control while maintaining influence.
In 2023, Ivan Saltzman, co-founder and long-time CEO, handed over the reins to then-CFO Rui Morais, while staying on as an executive director. Saul’s departure adds another layer to the ongoing evolution of the company’s executive structure.
The shift is part of a well-planned Saltzman family restructuring, where family members have strategically adjusted ownership and leadership positions to align with future business objectives.
The Saltzman family’s evolving role
In June 2025, Saul’s brothers, Dan and Mark Saltzman, inherited approximately R6.8 billion in company shares. This was part of a broader restructuring plan aimed at redistributing ownership while keeping the business within family control.
Prior to the deal, the Saltzman family’s investment vehicle, Ivlyn, owned 29.31% of Dis-Chem. Following the restructuring, Ivlyn’s shareholding dropped to 4.06%, while Dan and Mark each acquired a 12.62% stake — equal to about R3.4 billion apiece.
Despite these shifts, Dis-Chem confirmed that its ownership structure remains firmly within the Saltzman family, underscoring their commitment to preserving the founding vision.
Lynette Saltzman also stepped down as an executive director in 2022, moving into a more specialised operational role focused on Dis-Chem’s beauty division — a segment that continues to thrive within the South African retail sector.
A reflection on legacy and transition
The Saltzman family restructuring comes at a time when Dis-Chem is thriving in a competitive retail landscape. Founded in 1978 with just R10,000 in capital, Ivan and Lynette turned a small pharmacy in Mondeor, Johannesburg, into one of South Africa’s largest retail success stories.
By the mid-1980s, Dis-Chem had already expanded to a second store, introducing a bold model based on discount pricing and diversified product lines. This approach resonated with customers, allowing the brand to grow rapidly during the 1990s and early 2000s.
The introduction of private-label products in 1997 and the establishment of the Dis-Chem Foundation in 2006 showcased the group’s innovation and community-focused ethos.
From local pharmacy to retail empire
By 2016, Dis-Chem had over 100 stores and reported R15.5 billion in annual revenue. That same year, the company took a monumental step by listing on the Johannesburg Stock Exchange (JSE) — a move that Ivan Saltzman described as “an important next phase” in its growth journey.
Fast forward to 2025, and Dis-Chem has grown into a powerhouse with 330 stores, including 285 pharmacies and 45 baby outlets, achieving a market capitalisation of R27 billion.
The company’s ability to maintain steady expansion amidst South Africa’s fluctuating economy underscores its resilience and strong corporate governance framework.
Leadership change and market confidence
The market has responded positively to the Dis-Chem leadership change, viewing it as a signal of continuity rather than instability. Analysts note that while Saul Saltzman’s resignation is significant, his continued presence on the board reassures investors of long-term consistency.
The broader Saltzman family restructuring — including the distribution of shares and leadership transitions — has been interpreted as a generational shift rather than a withdrawal. Ivan Saltzman’s ongoing role provides a stabilising influence, while Rui Morais brings modern financial expertise and operational insight.
A new generation for South African retail
The South African retail sector continues to evolve, with legacy brands like Dis-Chem adapting to new consumer trends, digital transformation, and market challenges. The company’s strong supply chain, competitive pricing model, and customer loyalty programs position it well for sustained growth.
Dis-Chem’s focus on e-commerce, healthcare innovation, and sustainability aligns with shifting market dynamics — marking a new era that blends the company’s family legacy with modern retail strategies.
Industry experts believe that this evolution represents the maturity of a homegrown South African brand into a global-standard retailer capable of withstanding economic pressures and competition.
The enduring impact of the Saltzman legacy
Even as the Saltzman family restructuring continues, the founders’ influence remains deeply embedded in Dis-Chem’s culture. From its humble beginnings to its billion-rand valuation, the company’s journey reflects the entrepreneurial spirit that defines South Africa’s private sector.
The Dis-Chem leadership change is not the end of the story, but rather the start of a new chapter — one where legacy, innovation, and governance converge.
As the 47-year-old South African retail giant steps into its next phase, it remains a shining example of family enterprise evolving into a corporate powerhouse — proving that with vision and adaptability, success can span generations.
