The South African multimillionaire Saltzman family, founders of Dis-Chem Pharmacies, have seen the market value of their joint stake in the company rise by 20 million since the start of the year as shares firmed on the Johannesburg Stock Exchange JSE.
Family stake in Dis-Chem rises
The family owns 35.12 percent of Dis-Chem, equal to 302 million shares. Over the past 14 days, that stake has risen by R327.7 million 20 million at current exchange rates. The increase has propelled the market value of the familys stake to R9.15 billion 588 million.
