{"id":855377,"date":"2026-03-31T12:30:00","date_gmt":"2026-03-31T10:30:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=855377"},"modified":"2026-03-31T12:32:16","modified_gmt":"2026-03-31T10:32:16","slug":"end-of-a-42-year-era-for-dis-chem-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/855377\/end-of-a-42-year-era-for-dis-chem-in-south-africa\/","title":{"rendered":"End of a 42-year era for Dis-Chem in South Africa"},"content":{"rendered":"\n

Stanley Goetsch, one of the men who helped turn Dis-Chem into one of South Africa’s largest retailers, has formally submitted his resignation as an Executive Director of the company. <\/p>\n\n\n\n

Goetsch has been with the company for 42 years, and Dis-Chem states that he has played a key role in the company’s growth and strategic direction. He will leave his role on 30 June 2026. <\/p>\n\n\n\n

The board expressed its appreciation to Goetsch for his unwavering contributions to the business and for helping change South Africa’s retail pharmacy landscape. <\/p>\n\n\n\n

The board wished him well in his retirement, with the qualified pharmacist’s resignation joining a host of changes at the group’s executive level. <\/p>\n\n\n\n

Dis-Chem founder Ivan Saltzman will also leave his role as an executive director of the company in June 2026. Saltzman will continue to work as a Non-Executive Director and Deputy Chairman of the group.\u00a0<\/p>\n\n\n\n

Saltzman left his role as Group CEO in 2023, when he was succeeded by Rui Morais, formerly the company\u2019s CFO.\u00a0<\/p>\n\n\n\n

Saltzman, with support from Goetsch, was able to turn Dis-Chem from its early beginnings as a family-owned business into a JSE-listed retail giant.<\/p>\n\n\n\n

Ivan’s wife and fellow co-founder, Lynette, had already stepped down from her role as an executive director in 2022 to focus on an operational role within the group\u2019s beauty category.<\/p>\n\n\n\n

Their son, Saul, also recently resigned as an executive director of the group, which took effect in February. <\/p>\n\n\n\n

Their other sons, Mark and Dan, also received billions in shares in the group in June 2025 following a change in the company’s holding structure. <\/p>\n\n\n\n

The family\u2019s investment vehicle, Ivlyn, previously held a 29% stake in the company. With each brother receiving a 12.5% share in the company, Ivlyn\u2019s interest decreased to roughly 4%.<\/p>\n\n\n\n

Mark and Dan each sold shares worth roughly R321 million from January to February of this year, but still hold shares worth billions. <\/p>\n\n\n

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Stanley Goetsch (Source: Rui Morais<\/a>)<\/figcaption><\/figure><\/div>\n\n\n
\n","protected":false},"excerpt":{"rendered":"

Dis-Chem has seen yet another senior member of its executive team resign, with Stanley Goetsch calling it a day after 42 years. <\/p>\n","protected":false},"author":95,"featured_media":855393,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[11649],"class_list":["post-855377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dis-chem"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=855377"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855377\/revisions"}],"predecessor-version":[{"id":855410,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855377\/revisions\/855410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/855393"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=855377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=855377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=855377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}