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Discovery Bank Forex Accounts will be operational 24/7 and clients will not pay foreign currency conversion transfer fees for transactions between their different forex and Rand accounts

Discovery Bank introduces the only Real-Time Forex Accounts in South Africa

Johannesburg, 07 February 2022 — Discovery Bank, this week, launched its comprehensive, real-time forex capability on the Discovery Bank app that gives access to immediate foreign currency transactions.
Hylton Kallner, CEO of Discovery Bank, says, “Our full forex capability is a key requirement in an increasingly global environment. We have placed a great focus on ensuring that we remove the c

Vitality Health International introduces Vitality rewards across Africa

Vitality Health International introduces Vitality rewards across Africa

On 1 January 2022, Vitality Health International (VHI), a division of Discovery Group that is responsible for its international health insurance initiatives, launched its Shared-value health insurance product offering in several African countries – Nigeria, Ghana, Kenya, the Democratic Republic of Congo (DRC), and Zambia. Employers who operate in these countries can now offer their employees acces

Discovery Health presents to Parliament: Support for NHI structural reform through a blended funding model and public-private partnership

Discovery Health presents to Parliament: Support for NHI structural reform through a blended funding model and public-private partnership

On 25 January, Discovery Health presented inputs on the National Health Insurance (NHI) Bill to the Parliamentary Portfolio Committee on Health. These included a workable, blended-funding model aimed at sustainably achieving Universal Health Coverage (UHC).
The presentations were made by:
Dr Ayanda Ntsaluba – Chairman of Discovery Health and Group Executive Director Dr Ryan Noach – Discov

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.

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.

The summit will bring together global industry leaders to give financial advisers fresh ideas, new perspectives, and deep insights to enhance their ability to ensure that their clients achieve a comfortable retirement

Discovery Invest announces additional Retirement Summit speakers

Johannesburg, 21 January 2022 — Discovery Invest today announced additional speakers at its inaugural retirement conference, the Discovery Retirement Summit, which is a virtual event scheduled to take place on the 25th of January 2022. The summit will bring together global industry leaders to give financial advisers fresh ideas, new perspectives, and deep insights to enhance their ability to ensur

Discovery Invest Innovates for a structurally superior retirement fund offering

Discovery Invest Innovates for a structurally superior retirement fund offering

Johannesburg, 15 December 2021 – Discovery Invest has announced an innovation in its shared value model that enables clients to achieve greater offshore exposure in their retirement offering and more liquidity than any other retirement solution available in South Africa.
The Discovery Invest shared value model for retirement savings incentivises clients to adopt the behaviours that are proven

Discovery Health, South Africa’s largest private health insurance administrator, releases at-scale, real-world analysis of Omicron outbreak based on 211 000 COVID-19 test results in South Africa, including collaboration with the South Africa

Discovery Health, South Africa’s largest private health insurance administrator, releases at-scale, real-world analysis of Omicron outbreak based on 211 000 COVID-19 test results in South Africa, including collaboration with the South Africa

Johannesburg, 14 December 2021
Summary:
Vaccine effectiveness: o The two-dose Pfizer-BioNTech vaccination provides 70% protection against severe complications of COVID-19 requiring hospitalisation, and 33% protection against COVID-19 infection, during the current Omicron wave. Reinfection risk: For individuals who have had COVID-19 previously, the risk of reinfection with Omicron is

Discovery Bank and Vitality Money clients spent 600 million Discovery Miles this November

Discovery Bank and Vitality Money clients spent 600 million Discovery Miles this November

Discovery Bank and Vitality Money clients spent 600 million Discovery Miles, adding up to R100 million in purchases, this November.
Discovery Bank extended its Discovery Miles Đ-Day, held on the 15th of every month, to include the full Black Friday weekend from 26 to 28 November. Miles Đ-Day is an opportunity for Discovery Bank and Vitality Money clients to get up to 40% off when spending their

UPDATE: The 18th Discovery Walter Sisulu Soccer Challenge: Closed door event

UPDATE: The 18th Discovery Walter Sisulu Soccer Challenge: Closed door event

Key announcements:
The 18th edition of the Discovery Walter Sisulu Soccer Challenge will take place from 8-29 December 2021. Only vaccinated players, coaches, support staff and media will be permitted. No spectators allowed.
This year’s Discovery Walter Sisulu Soccer Challenge will go ahead as planned, with only one change: No spectators will be allowed inside the host venue Nike Shapa So

The Discovery Invest Retirement Summit will bring together an exclusive gathering of internationally renowned speakers to explore the trends, opportunities and challenges that are shaping today’s retirement landscape

Discovery Invest Announces 2022 Retirement Summit, featured speakers

Johannesburg, 01 December 2021 — Discovery Invest today announced its inaugural retirement conference, the Discovery Invest Retirement Summit, which is a live hybrid event scheduled to take place on the 25th of January 2022. The Summit will bring together an exclusive gathering of internationally renowned speakers to explore the trends, opportunities and challenges that are shaping today’s retirem

Discovery highlights significant progress in implementation of mandatory vaccination policy

Discovery highlights significant progress in implementation of mandatory vaccination policy

On 3 September 2021, Discovery announced its mandatory vaccination policy for South Africa-based employees Staff vaccination rates have climbed from 22% at start of September to 94% by 30 November Across all main categories, including sex, age and seniority, more than 90% of staff are vaccinated Vaccination rates projected to reach levels greater than 97% before the peak of fourth wave, in ear

Pictured are: Soccer stars Siphiwe Tshabalala; Ronwen Williams; Andile Dlamini and Phil Mogodi, president of SAFA Johannesburg

The 18th Discovery Walter Sisulu Soccer Challenge: Soweto’s finest football tournament

Key announcements:
The 18thedition of the Discovery Walter Sisulu Soccer Challenge will take place from 8-29 December 2021. Only vaccinated individuals permitted. Team registrations close 30 November 2021.
Discovery and the South African Football Association (SAFA) have partnered once again for the Discovery Walter Sisulu Soccer Challenge. Hosted at Soweto’s newly renovated Nike Football

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