Dis-Chem Pharmacies Limited (JSE:DCP)
1. About
Dis-Chem (JSE:DCP) is a leading retail pharmacy group with operations in South Africa, Namibia and Botswana. The group was co-founded by Ivan and Lynette Saltzman in 1978 when they opened their first retail pharmacy store in Mondeor, south of Johannesburg.
The Group has a PHARMACY FIRST approach meaning it has a dispensary in all of its stores functioning the same hours as the store’s front shop. The Group follows an Everyday Low Price (EDLP) strategy, positioning itself as a discount brand.
The Wholesale division operates a fine picking wholesale business and has three contributors to turnover: 1) Dis-Chem stores, 2) Independent pharmacies and 3) TLC franchisees. The group has four fully operational distribution centres located in Midrand, Delmas, KZN and Cape Town.