Tag: Dis-Chem

Dis-Chem defers annual dividend, unveils plans for Baby City

Dis-Chem has deferred its final dividend, opting to preserve cash in light of the uncertainties of Covid-19 and to potentially use the money to fund its R430 million acquisition of Baby City.

Baby City gets new parents in R430mn deal

It’s the end of an era for the Aronaff family business Baby City, but the birth of a new one for pharma retailer Dis-Chem. After 26 years of operating the one-stop baby shop, the Aronaff family have agreed to sell all 33 Baby City stores to Dis-Chem for R430m. Michel Aronoff, Managing Director of Baby City joins CNBC Africa for more.

Dis-Chem injects R2mn into Solidarity Fund, launches drive through test stations

Dis-Chem has injected R2 million into the Solidarity Fund, joining a number of South African companies that are doing their part to fight the spread of the coronavirus. The pharmaceutical retailer has also launched drive through testing stations for Covid-19 at some of its stores. Dis-Chem Co-founder, Lynette Saltzman joins CNBC Africa for more.

Why Clicks’ strong interim results are bad for Dis-Chem

Clicks was among the JSE's top performers on Monday after reporting that interim diluted headline earnings per share will be higher than expected. The retailer attributed this to a stronger retail performance in the second half, new distribution contracts and further improvements in working capital management. Edgar Mafoko, Portfolio Manager at FNB Wealth and Investments explained why this could be bad news for Dis-Chem.

Dis-Chem’s Lynette & Ivan Saltzman on the right chemistry to build a business

Dis-Chem founder and CEO, Ivan Saltzman and his wife, Lynette, both qualified pharmacists, opened their first store in 1978. Now, 41 years later, the company has since grown to more than 125 stores nationwide and continues to expand. CNBC Africa’s Kopano Gumbi spoke to the family founders.

Clicks vs Dis-Chem: Which stock is the better value option?

Joining CNBC Africa for a look at the local markets is Henry Biddlecombe, Analyst at Anchor Capital.

Why Dis-Chem has a problem

Joining CNBC Africa to discuss Dis-Chem’s financial results and performance on the JSE is Cobus Potgieter, Director at AIP Capital Management.

Dis-Chem to open standalone baby-supply stores

Dis-Chem managed to deliver a solid set of results despite a slowdown in consumer spending and a strike that halted production late last year. The group opened 20 new stores and its first store in Botswana. CNBC Africa's Kopano Gumbi spoke with CEO and Founder of Dis-Chem, Ivan Saltzman.