Two South African brothers sell R640 million in shares after inheriting a pharmaceutical empire
Mark and Dan Saltzman, the sons of Dis-Chem founders Lynette and Ivan Saltzman, have sold shares in the company for over R600 million.
The brothers each sold shares worth roughly R321 million from January to February of this year.
The brothers both received shares in the company worth billions in June 2025 following a major shift in the family’s holding structure.
The brothers received 217 million in shares in the company last year, which represented around a quarter of the JSE-listed company that was founded by their parents in 1978.
Prior to the shift, the family’s investment vehicle, Ivlyn, held a 29% stake in the company. Following the change, Ivlyn’s interest has decreased substantially to around 4%.
The brothers each received around a 12.5% beneficial interest in the company, after having none previously.
While Mark and Dan did not hold executive or board roles when they received the shares, their other brother, Saul, did work at the group as an Executive Director at the time.
However, after 19 years as a director, Saul resigned from the role, effective 27 February 2026. He is still on the board as a non-independent non-executive director.
This coincides with a major change in Ivan’s role, who left his position as Dis-Chem Group CEO in 2023. He was succeeded by Rui Morais, formerly the company’s CFO.
While Ivan still worked as an executive director after leaving the CEO role, the company recently announced that he would also step down from that position.
Ivan will step down as an executive director of the company in June 2026, but will continue to work as a Non-Executive Director and Deputy Chairman of the group.
Dis-Chem said that Ivan had played a pivotal role in growing and transforming the company from its early beginnings as a family-owned business into a JSE-listed retail giant.
Lynette had already stepped down from her role as an executive director in 2022 to focus on an operational role within the group’s beauty category.
The details of the recent share sales by Mark and Dan Saltzman can be found below:
Mark Saltzman Share Sales
| Number of Securities | Price per Security | Value of Transaction | Date of Transaction |
| 57 789 | R35,68 | R2 062 131,12 | 2026/01/06 |
| 1 350 000 | R35,60 | R48 060 000,00 | 2026/01/06 |
| 40 812 | R36,06 | R1 471 872,54 | 2026/01/09 |
| 2 750 000 | R36,00 | R99 000 000,00 | 2026/01/09 |
| 92 613 | R36,50 | R3 380 504,16 | 2026/01/30 |
| 90 551 | R36,51 | R3 306 306,68 | 2026/02/02 |
| 498 762 | R36,50 | R18 204 813,00 | 2026/02/02 |
| 35 208 | R36,59 | R1 288 376,91 | 2026/02/03 |
| 128 348 | R36,50 | R4 684 702,00 | 2026/02/09 |
| 21 338 | R36,50 | R778 837,00 | 2026/02/10 |
| 221 616 | R36,50 | R8 089 138,91 | 2026/02/11 |
| 15 063 | R36,50 | R549 799,50 | 2026/02/12 |
| 73 063 | R36,50 | R2 666 996,70 | 2026/02/16 |
| 122 279 | R36,50 | R4 463 696,95 | 2026/02/17 |
| 481 095 | R36,63 | R17 622 268,82 | 2026/02/18 |
| 102 646 | R36,61 | R3 758 331,97 | 2026/02/19 |
| 530 000 | R37,57 | R19 910 563,00 | 2026/02/20 |
| 243 672 | R37,55 | R9 149 298,79 | 2026/02/23 |
| 123 201 | R36,74 | R4 526 798,86 | 2026/02/24 |
| 181 569 | R37,00 | R6 718 053,00 | 2026/02/25 |
| 999 560 | R37,00 | R36 983 720,00 | 2026/02/26 |
| 660 994 | R37,00 | R24 456 778,00 | 2026/02/27 |
| 8 820 179 | – | R321 132 987,91 | – |
Dan Saltzman Share Sales
| Number of Securities | Price per Security | Value of Transaction | Date of Transaction |
| 57 789 | R35,68 | R2 062 131,12 | 2026/01/06 |
| 1 350 000 | R35,60 | R48 060 000,00 | 2026/01/06 |
| 40 812 | R36,06 | R1 471 872,54 | 2026/01/09 |
| 2 750 000 | R36,00 | R99 000 000,00 | 2026/01/09 |
| 92 613 | R36,50 | R3 380 504,16 | 2026/01/30 |
| 90 552 | R36,51 | R3 306 343,29 | 2026/02/02 |
| 498 761 | R36,50 | R18 204 776,50 | 2026/02/02 |
| 35 208 | R36,59 | R1 288 376,91 | 2026/02/03 |
| 128 348 | R36,50 | R4 684 702,00 | 2026/02/09 |
| 21 337 | R36,50 | R778 800,50 | 2026/02/10 |
| 221 616 | R36,50 | R8 089 138,91 | 2026/02/11 |
| 15 063 | R36,50 | R549 799,50 | 2026/02/12 |
| 73 064 | R36,50 | R2 667 033,20 | 2026/02/16 |
| 122 279 | R36,50 | R4 463 696,95 | 2026/02/17 |
| 481 095 | R36,63 | R17 622 268,82 | 2026/02/18 |
| 102 645 | R36,61 | R3 758 295,25 | 2026/02/19 |
| 530 000 | R37,57 | R19 910 563,00 | 2026/02/20 |
| 243 673 | R37,55 | R9 149 336,09 | 2026/02/23 |
| 123 200 | R36,74 | R4 526 762,24 | 2026/02/24 |
| 181 570 | R37,00 | R6 718 090,00 | 2026/02/25 |
| 999 559 | R37,00 | R36 983 683,00 | 2026/02/26 |
| 660 994 | R37,00 | R24 456 778,00 | 2026/02/27 |
| 8 820 178 | – | R321 132 951,98 | – |
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