Soon there will be a new kid on the exchange’s retail block. Dis-Chem’s long-awaited appearance on the local bourse is finally going to take place. "It marks the next stage in our development," says Lynette Saltzman, Dis-Chem MD and co-founder. Details will be made available only once Dis-Chem’s pre listing statement is published. What is known is that there will be an injection of new capital to be used for repayment of existing debt and "general corporate purposes". Dis-Chem is readying itself for big things and has set an ambitious goal of doubling store numbers from the current 101 over the next five to eight years. That represents an annual addition of 13-20 new outlets. As with existing stores, all will have dispensaries and at least one clinic.
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