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Dis-Chem planning share sale

Pharmacy retailer joins two other companies in the past week to announce listing plans on the JSE.

Dis-Chem Pharmacies, South Africa’s second biggest retail chain of chemists by number of stores, said the company hired advisers to help with a planned share sale on the Johannesburg Stock Exchange.

The company, which competes with Cape Town-based Clicks Group, isn’t able to say how much it’s looking to raise because the process has just started, director Rui Morais said in an e-mailed response to questions on Monday.

Dis-Chem is the third company in a week to announce an intention to list on the JSE, after housebuilder Balwin Properties and construction-equipment company Waco International. The exchange had the most first-quarter IPOs this year since 2008 as the FTSE/JSE All-Share Index rose to a record, although activity has since quietened as the gauge declined by about 9 percent.

©2015 Bloomberg News

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It does not compete with Clicks. Clicks competes with it. And don’t judge by number of stores – 1 Dischem store = 10 Clicks stores – visit a Dischem on a weekend and then do same with a Clicks – the difference is like night and day. Can’t wait to for this IPO!

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