Discovery Limited

Discovery Group delivered a robust performance for the period ended 31 December 2023, demonstrating resilience and strong underlying growth dynamics in a complex operating environment.

20 March 2024 09:31

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

Discovery Bank clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app

6 October 2022 08:50

Share trading now available for Discovery Bank clients through EasyEquities

Johannesburg, October 6, 2022 – Coinciding appropriately with World Investor Week, Discovery Bank is excited to announce the launch of share trading through the Discovery Bank app, in partnership with EasyEquities. Clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app, making investing in their favourite local and global brands and othe

Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality

23 August 2022 09:34

South Africa’s first global discretionary fund manager launched by Discovery

Johannesburg, 23 August 2022 — Discovery Group today announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including mode

Discovery Bank forex accounts give clients outstanding benefits, all conveniently packaged in the Discovery Bank app

17 March 2022 13:10

SAFx Rater confirms Discovery Bank’s new-generation forex account offers a unique experience

Johannesburg, 17 March 2022 – Discovery Bank today released its inaugural “SAFx Rater”, a comparative analysis of features and benefits of forex accounts offered by major banks and forex providers in South Africa. With the recent strengthening of the rand against major currencies, there has been significant interest in opening foreign exchange accounts to take advantage of this. Discovery Bank has

14 February 2022 10:39

Discovery Invest shares its market outlook for 2022

Johannesburg, 14 February 2022 - With 2021 characterised as a year of strong market recovery from the shock caused by the global outbreak of COVID-19, the scene for 2022 remains positive, albeit with some uncertainty.
Kenny Rabson, CEO of Discovery Invest, says that while the worst is likely behind us in terms of the market impact of COVID-19, its longer-term effects are continuing to influen

The inaugural Discovery Retirement Summit held on 25 January featured an exclusive line-up of global industry leaders sharing insights to help better navigate the complexities and reimagine the future of retirement.

25 January 2022 16:21

Discovery retirement model can triple investments, says Bank CEO

Hylton Kallner opened the inaugural Discovery Retirement Summit by revealing how Discovery’s retirement model leverages a unique understanding of the nature of risk in order to predict it, and then intervene. By incentivising responsible financial behaviours, Discovery Invest has generated R13.3 billion in shared value benefits for its clients.

30 September 2021 13:02

Discovery Bank and Vitality announce new offerings to deliver integrated value for clients

Johannesburg, 30 September 2021 – Discovery Bank today announced new digital and fintech innovations for a comprehensive digital financial services experience at its annual product-update event with financial advisers.
“With the latest features, our clients have access to a full range of financial capabilities in one place – our digital banking platform. This platform is not only transforming b

Four megatrends have been globally recognised as macroeconomic forces that will fundamentally shape the world going forward, including some of society’s biggest challenges – and opportunities

21 June 2021 14:00

Discovery Invest announces new investment solution in partnership with Goldman Sachs Asset Management

Johannesburg, 21 June 2021 – Discovery Invest has partnered with Goldman Sachs Asset Management, to introduce a new investment opportunity giving access to a range of thematic equity portfolios designed to give exposure to global megatrends.
The Discovery Global Megatrends Fund is available on both Discovery Invest’s local and global platforms. The Fund provides clients with unique exposure to

Kenny Rabson, CEO of Discovery Invest, says the rollout of vaccines with a proven efficacy, backed by an extraordinary degree of scientific rigour, has given renewed hope for a return to normal and shown that there is light at the end of the tunnel.

18 February 2021 09:19

Discovery Invest shares their market outlook for 2021

Kenny Rabson, CEO of Discovery Invest, says the rollout of vaccines with a proven efficacy, backed by an extraordinary degree of scientific rigour, has given renewed hope for a return to normal and shown that there is light at the end of the tunnel.

Discovery Bank is fundamentally designed differently through its shared-value model. Clients create value as they manage their money well that Discovery Bank shares back with them through better interest rates, deep discounts and significant rewards.

25 January 2021 10:36

Discovery Bank launches a new campaign to show why it’s a Bank like no other

• Discovery Bank is fundamentally designed differently through its shared-value model • Clients create value as they manage their money well that Discovery Bank shares back with them through better interest rates, deep discounts and significant rewards

Today, Discovery Health announced the latest in business innovations and product enhancements designed around quality care for Discovery Health Medical Scheme (DHMS) members.

1 October 2020 10:45

Discovery Health boosts access to cutting-edge digital healthcare innovation in 2021

Discovery Health has invested extensively in a digital healthcare ecosystem to enhance the quality and experience of healthcare for members of DHMS. This investment includes the adoption and funding of digital healthcare technology, digital tools for members and doctors, integration with health monitoring devices and sophisticated data analytics.

Discovery Health Medical Scheme (DHMS) annual contribution increases are calculated based on medical inflation (the year-on-year increase in healthcare costs).

30 September 2020 15:40

Contribution freeze for Discovery Health Medical Scheme members until July 2021

“Each year we strive for the lowest possible contribution increase. For the first six months of 2021, DHMS will deliver a contribution freeze for all scheme members across all plans, mindful of and sensitive to the financial pressures facing individuals at this time within the country’s stressed economic climate.

16 September 2020 09:10

Discovery reports resilient full year performance

Discovery Group Chief Executive, Adrian Gore, presented Discovery’s results for the year ended 30 June 2020 confirming the Group’s financial strength and strategic relevance.

Discovery presents new insights into the progress of the COVID-19 pandemic in South Africa and globally and investigates dynamic interventions that have saved lives and that have helped the country to navigate the peaks of the pandemic.

14 September 2020 17:29

Discovery data insights show that up to 16 000 South African lives will have been saved from COVID 19 related deaths, by 2021 as a result of efforts to curb the spread of COVID-19

Discovery presents new insights into the progress of the COVID-19 pandemic in South Africa and globally and investigates dynamic interventions that have saved lives and that have helped the country to navigate the peaks of the pandemic.

Reduction in kilometres driven by province

14 September 2020 08:58

Younger drivers reduced mileage the most compared to all age groups during lockdown – Discovery Insure data shows

Analysis of Discovery Insure’s clients’ driving behaviour during the national lockdown indicates that its best drivers reduced their mileage by up to 89%, and younger drivers reduced their mileage more than older clients. The findings were issued today.

As President of the IAA, Roseanne will lead the profession’s engagement with supranational organisations, such as the WHO, OECD, World Bank, and others, to drive the development of the profession internationally.

12 August 2020 12:09

Discovery’s Roseanne Harris elected President of International Actuarial Association

Professor Harris has been a member of the Executive Committee of the International Actuarial Association since 2018 and among other roles, has served as the Chair of the Health and Education Committees of the Actuarial Society of South Africa, and as the President of the Actuarial Society of South Africa in 2016 and 2017.

A snapshot of Discovery's Life 2019 claims experience

4 August 2020 12:15

2019 Discovery Life claims insights and COVID-19 trends

During 2019, Discovery Life paid out R4.8 billion to policyholders, including a total of R1.2 billion through the PayBack benefit. In addition, Cash Conversions to the value of R2.8 billion are expected to mature over the course of the next 5 years. Breakdown per benefit: • R2.28bn in life cover • R1.1bn Severe Illness Benefit • R816m Disability benefit • R375m income Continuation Benefit

By not reducing the interest rate on its savings accounts now, Discovery Bank creates opportunity to lock in a higher interest on money in savings accounts for the duration of the investment; unaffected by the 0.25% interest rate reduction.

24 July 2020 14:11

Discovery Bank offers locked-in interest rate on savings

In line with National Savings Month, Discovery Bank will postpone implementing the interest rate reduction announced yesterday and will keep the interest rates on all its savings accounts as is for the next 14 days. The interest that Discovery Bank charges its clients on their borrowings will, however, be reduced with effect from July 24 2020.

Discovery Invest launched a greatly-enhanced global investment solution that uses shared value to create the world’s first exchange rate enhancer, and offers investment choices advised by BlackRock and Goldman Sachs, world leaders in asset management

22 June 2020 09:08

Discovery Invest launches global investment offering in association with BlackRock and Goldman Sachs

Discovery Invest launched a greatly-enhanced global investment solution that uses shared value to create the world’s first exchange rate enhancer, and offers investment choices advised by BlackRock and Goldman Sachs, world leaders in asset management.

18 June 2020 10:59

Discovery Business Insurance updates address the changing needs of SMEs

Discovery Insure CEO, Anton Ossip, announced enhancements to Discovery Business Insurance’s offering, including a partnership with MTN to give businesses up to 50% back on their monthly data costs, capital support for the retail sector in partnership with Merchant Capital, as well as the Dynamic Distance Cash Back to reward people for driving less during the COVID-19 pandemic.

Topics: Finance, Stocks, Private savings