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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Dis-Chem Pharmacies    DCPJ   ZAE000227831

DIS-CHEM PHARMACIES (DCPJ)
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Dis Chem Pharmacies : Workers threaten countrywide strike at Dis-Chem Pharmacies

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01/13/2018 | 10:18am CET

File picture: Henk Kruger

Johannesburg - The National Union of Public Service and Allied Workers (NUPSAW) said late Friday that it was currently preparing for a strike at Dis-Chem Pharmacies across the country over the recognition of its organisational rights.

NUPSAW, an affiliate of the South African Federation of Trade Unions (Saftu), said part of the action will take place at the Dis-Chem warehouse in Midrand, Johannesburg. The strike is expected to begin at 5am on Wednesday.

The union said that Dis-Chem refused to grant it organisational rights in terms of section 21 of the Labour Relations Act (LRA).

Section 21 of the LRA sets out considerations which the Commission for Conciliation, Mediation and Arbitration (CCMA) must take into account when it resolves a dispute about organisational rights -- whether or not a trade union is a representative trade union.

A dispute between NUPSAW and Dis-Chem was referred for conciliation to the CCMA in December 2017 but the matter remained unresolved. A certificate of non-resolution concerning organisational rights was then issued by the CCMA Commissioner.

"This gives our members the right to strike after giving seven days' notice in terms of section 21 of the Labour Relations Act," NUPSAW said in a statement.

"The employer's stubborn and extreme behaviour regarding the union's organisational rights has now set the stage for conflict and has left us with no other option but take this very unfortunate and painful decision, considering that it might also affect the sick and the frail who buy from Dis-Chem pharmacies."

NUPSAW said that Dis-Chem had also "inflicted excruciating pain" to employees who are its members on matters regarding their annual bonuses in December 2017.

"As NUPSAW our mission is to serve the best interest of our members, to fight discrimination on all levels and to ensure the distribution of economic resources in a just, equitable and humane manner."

African News Agency

(c) 2018 Cape Community 1999 - 2017 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( ZAR)
Sales 2018 20 169 M
EBIT 2018 1 296 M
Net income 2018 830 M
Debt 2018 923 M
Yield 2018 1,14%
P/E ratio 2018 35,70
P/E ratio 2019 27,88
EV / Sales 2018 1,47x
EV / Sales 2019 1,25x
Capitalization 28 813 M
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Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 30,4  ZAR
Spread / Average Target -9,3%
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Ivan Leon Saltzman Chief Executive Officer & Director
Laurence Michael Nestadt Non-Executive Chairman
Rui Manuel Morais Chief Financial Officer & Executive Director
Lynette Frances Saltzman Executive Director & Managing Director
Mark John Bowman Independent Non-Executive Director
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