New research by Discovery Green reveals the risks of over-investing in solar
An analysis by Discovery Green of business consumption of renewable energy shows a short-term reliance on solar which could be costly in the long run.
Topics: Economy, Finance
Discovery wins twice at the Qorus Innovation in Insurance Awards 2024
Discovery claimed two top accolades at this year’s Qorus Innovation in Insurance Awards, at a ceremony in Lisbon showcasing the best insurance innovations across the globe.
There’s no turning back, make sure your provider can pay Two-Pot claims
With the President signing the Revenue Laws Amendment Bill into law on 1 June 2024, this means the signing of the Pension Funds Amendment Bill is imminent, and the Two-Pot retirement system is confirmed to roll out as proposed on 1 September 2024.
Discovery Bank launches home loans with dynamic interest rate saving of up to 1% – giving South Africans the potential to save R12 billion a year in interest
Johannesburg, 27 May 2024 – Discovery Bank has launched its new Home Loan product. The Bank will offer clients competitive, personalised rates based on their individual risk profiles, and use its established Shared-value Banking model to enable clients to further reduce their interest rate by up to 1%. This will be done by managing their money well with Vitality Money and protecting their home loa
Road safety in peril: Cellphone distractions are the biggest culprit, unveils Discovery Insure
Cellphone distractions now top the list of risky driving behaviours in South Africa, new research by Discovery Insure reveals.
Discovery Invest shakes up the market with R20bn investor windfall, launch of longevity solution, 100% return in USD dollars and Bitcoin fund
Discovery Invest has returned over R20 billion to its investors in shared-value rewards. The Discovery Group-owned asset manager has paid out R6.8 billion of those benefits to clients. Another R13.2 billion has accrued to clients who haven’t reached retirement or the end of their long-term investments, which will be paid out in the coming years.
Discovery Life pays R10.5 billion to clients in 2023
18 April 2024, Johannesburg - Discovery Life published its 2023 claims experience showing positive trends in earlier detection of severe illnesses, influenced by an increase in health screenings, and significant decrease in COVID-19 claims.
Madison Life Insurance Zambia Limited (MLife), in partnership with Vitality Health International, excites Zambia with the launch of new health insurance offerings, and innovative benefits
The MLife and Vitality Health International partnership highlights joint commitment to enhancing the quality of lives in Zambia.
Lusaka, Zambia 10 April 2024: MLife, a highly trusted brand that pioneered the introduction of Health Insurance in Zambia, and Vitality Health International, an innovative healthcare insurer, today announced their partnership and launch of their ground-breaking insura
47% of Discovery Insure drivers have hybrid working arrangements in place
Hard lockdowns may feel like a lifetime ago but working from home (WFH) isn’t going anywhere. This is according to Discovery Insure data released today, analysing the driving trends of Vitality Drive programme members, which reveals that 23% of its clients who began working from home during the Covid-19 pandemic are still not back in office full time.
South African spending remains resilient with strong adoption of digital wallet use compared with global peers: SpendTrend24 report
Discovery Bank and Visa today released their latest SpendTrend24 report, a comprehensive study of consumer spending habits.
Discovery eyes future growth with positive half-year results and monthly operational break-even for Discovery Bank
Johannesburg, 20 March 2024 – Discovery today presented a strong set of half-year results to the investor community, with an update on Discovery Bank reaching its monthly operational break-even ahead of the Group’s target date. Group Chief Executive, Adrian Gore, commented, “In an environment characterised by continued macroeconomic complexities, Discovery delivered a strong operating performance
Cogence 2024 Market Outlook: The Great Unknown emerging as new mega forces shape the world of investing
The unexpected resilience of developed markets in 2023 has placed global investors on a strong footing going into 2024. That said, Discretionary Fund Manager Cogence, and its partners BlackRock and RisCura, believe the world is entering a new period – The Great Unknown – as fracturing deepens and a record number of countries go to the polls.
Download the full Cogence 2024 Market Outlook below.
The Discovery Pothole Patrol formalises its Academy to create jobs and drive sustainable change
Johannesburg, 28 February 2024: Discovery is proud to announce the official launch of the Discovery Pothole Patrol Academy in partnership with Avis Southern Africa.
Following a successful pilot in 2023 with 18 learners, the Academy is now accredited by the Insurance Sector Education and Training Authority (INSETA) to offer a 12-month practical skills training programme providing an NQF Level 3
Leading health insurer’s ambition to help create a healthier Africa continues to gain momentum
Leading health insurer’s ambition to help create a healthier Africa continues to gain momentum
Vitality Health International, the innovative health insurer that provides leading healthcare solutions to employers in Africa, has announced additional benefits, improved access to accredited healthcare provider networks, and a new health insurance plan to further broaden access of comprehensive heal
Discovery Invest 2024 market outlook - A year of selective opportunities that require taking control
When looking at the past year’s market performance, clear structural changes have emerged. Today’s new market regime demands a pragmatic shift to find value for investors.
Discovery Employee Benefits sees increasing uncertainty in insurance claims
As the world starts putting COVID-19’s high mortality claims behind it, the insurance industry is battling a wave of uncertainty. While Discovery Employee Benefits paid a total of R1.94 billion in death and disability claims through its Group Risk benefits between 1 July 2022 and 30 June 2023, the group affirms that it’s been very complicated to predict death and disability claims in the period.
Discovery Bank app offers discounted digital vouchers at up to 15% off
From December, the Discovery Bank app puts discounted, digital entertainment vouchers in the palms of Discovery Bank’s clients.
Food and essential items top the Black Friday list for Discovery Bank clients
Following Black Friday, Discovery Bank looked at the spend trends and shopping preferences among its clients.
Fuel price increases cost South Africans more than we think, shows Discovery Insure’s new Drive Trends data
Discovery Insure’s latest Drive Trends Report reveals that fuel price hikes have implications on South Africans’ daily lives. Many consumers are spending more at the pump than they used to but getting fewer litres of fuel in total.
100% safe driving record achieved by 2023 drivers of scholar transport programme
661 drivers in 2023 safely transported 13 000 children to and from school, upholding the programme’s excellent track-record of zero crashes since inception
A total of R250 000 awarded to the best drivers this year
Cape Town, 30 November 2023 - The Discovery Safe Journey to School (DSJTS) programme recognised the outstanding scholar drivers of 2023 at the annual Excellent Driving Performers Aw
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