Welcome to the world of listed entities: that place where total strangers get to poke around in your business.The Saltzman family, who created and developed Dis-Chem, has just discovered what it means to run a listed entity as opposed to a privately owned family company.And right now it probably doesn’t feel like it’s entirely a good thing.But it certainly does have its advantages. The biggest is that by listing its company the Saltzman family got to bank R2.2bn.Against that enormous advantage is the fact that a listing comes with a public profile, which means a load of strangers get the opportunity to express opinions on your life’s work.In the days running up to the listing those opinions were focused not on the commitment that goes into creating a thriving retail pharmacy-based business but on the bizarre decision to exclude retail investors from the private placement of a retail company.Retail investors and private wealth managers who complained about the exclusion were directed...
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