Dis-Chem was founded by Ivan and Lynette Saltzman with the opening of their first store in the south of Johannesburg in 1978. It grew to 100 nationwide stores ahead of its JSE listing in November 2016.Dis-Chem recently reported year-end results to February 2020 off a base of 170 stores, with a further 21 planned in the coming year.Dis-Chem ranks as SA’s second-biggest pharmacy chain after Clicks. But it has not had a great start to 2020.Year to date the stock has declined by 26%. Clicks, with a market valuation of R55.3bn, has slipped 12.4%.A series of self-inflicted and market-related missteps have beset Dis-Chem. In the past month the company has been accused by the Competition Commission of price gouging on masks, and Dis-Chem started a spat with its landlords when the pharmacy chain embarked on a rental payment slowdown to mall owners in reaction to the government lockdown.For a business that in 2020 had revenue of R23.9bn and operating profit of R1.2bn, these accusations led to...

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