The two sons of Dis-Chem's founding couple have sold more than R642 million 37.9 million worth of shares in the pharmacy retail giant, just months after inheriting a combined stake worth approximately R6.8 billion 401.7 million from their parents.
Mark and Dan Saltzman each offloaded around 8.8 million Dis-Chem shares between January 6 and February 27 this year, Dis-Chem disclosed to shareholders on Wednesday in a Stock Exchange News Service announcement. Their combined sales came to R642.27 million 37.9 million.
The brothers had not held any beneficial interest in Dis-Chem before June 2025, when their father Ivan Saltzman restructured the family's shareholding through the investment vehicle Ivlyn Local Investment Holdings. Under that restructuring, Ivan and his wife Lynette distributed 217 million shares to Mark and Dan, giving each of them a 12.62 percent stake valued at roughly R3.4 billion 200.8 million apiece at the time of the transaction. Ivlyn's interest in the company dropped from 29.31 percent down to 4.06 percent as a result of the move.
