South Africa's Dis-Chem plans Johannesburg stock market listing

South African drug retailer Dis-Chem plans to list its shares on the Johannesburg stock market, it said on Monday, in a move that would allow founders to partially cash in on their investment and bring a rival to the sole pharmacy merchant on the bourse. Founded by chief executive Ivan Saltzman and his wife Lynette, Dis-Chem has grown from a start-up in 1978 to a major health products retailer with annual sales of more than 15 billion rand ($1.08 billion). "Our decision to list on the JSE is an