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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
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.
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 momentumVitality 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
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.
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.
From December, the Discovery Bank app puts discounted, digital entertainment vouchers in the palms of Discovery Bank’s clients.
Following Black Friday, Discovery Bank looked at the spend trends and shopping preferences among its clients.
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.
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
Discovery and the South African Football Association (SAFA) will host the 20th edition of the Walter Sisulu Soccer Challenge from 1-23 December 2023.
The world’s focus turns to diabetes on 14 November 2023 – World Diabetes Day. This year the theme is Know your risk, Know your response. Clinical leadership from Discovery including Head of Vitality Wellness, Dr Mosima Mabunda and Chief Clinical Officer at Discovery Health, Dr Noluthando Nematswerani, urge a focus on knowing your risk and managing your weight in tackling diabetes.
Discovery Bank today revealed Rugby World Cup 2023 insights, which explored how this major world sporting event impacted the spending habits of its clients between 1 September and 28 October 2023 – in France and back home in SA.
In the past ten years, Discovery Insure’s partnership with Cambridge Mobile Telematics (CMT) has helped the company reduce crash-related claims by 26%. Clients who use a telematics device, that are engaged in the Vitality drive program, have a 56% lower motor accident fatality rate compared to clients who do not use a device.
Dr Ronald Whelan is appointed as the CEO of Discovery Health with effect from 1 January 2024.
For the second year in a row in the Ask Afrika Orange Index 2023®, South African banking customers have rated Discovery Bank as the bank with the best service experience in South Africa.
South Africa’s first truly global discretionary fund manager (DFM), Cogence, announces Jonel Matthee-Ferreira at its first Chief Executive Officer effective 2 January 2024. Cogence is the first South African DFM making leading global fund research and insights available to local advisers through a powerful collaboration with BlackRock, Discovery and RisCura.
Please note that the announcement below in respect of the Discovery Health Medical Scheme 2024 contributions and/or benefits changes have been submitted to the Council for Medical Schemes and is subject to its approval. Discovery Health Medical Scheme (DHMS) has announced a weighted average contribution increase across all benefit plans of 7.5% for 2024. This takes effect 01 January 2024, and
Discovery Bank has announced a ground-breaking new home loan product for clients in 2024. Through its established shared-value banking model that rewards people for making good financial decisions, Discovery Bank will give clients up to 1.5% off their home loan interest rate for engaging and managing their money well.
Discovery announces annual results for the twelve months ended 30 June 2023
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