Press release -
Discovery invests R1 million towards enabling the core aims of the Treatment Action Campaign
Discovery invests R1 million towards enabling the core aims of the Treatment Action Campaign
In March 2016,Discovery made an investment of R1 million through its Discovery Fund to support the excellent work of the Treatment Action Campaign (TAC) in the public health system. With the aim of the TAC being to empower people with knowledge of their rights, about scientific developments and about treatment, the Trustees of the Discovery Fund supported this investment for continued work around HIV and tuberculosis treatment and education. Discovery Fund provides support to a range of primary healthcare organisations that effect broader change in society and go beyond the traditional approach to social investment.
Commenting on this investment, Dr Jonathan Broomberg, CEO of Discovery Health says, “Discovery has always admired the courageous and pioneering work of the TAC and its many achievements in gaining access to life saving healthcare for millions of South Africans, and is proud to be able to offer additional support to TAC to continue its excellent work. “
The TAC, founded in 1998 to campaign for access to antiretroviral (ARV) medicines for people living with HIV, has since evolved to incorporate a range of issues, for example, revealed deficiencies in the procurement and distribution of ARVs in many provinces; a need to review patent laws to encourage health research and development and local innovation; affordable access to drugs and health services; poor management and quality of care in many facilities; and other system failures to manage TB/HIV co-infection and food security for people taking ARVs.
“Discovery Health has always tried to support NGOs and the public healthcare system as critical elements of an integrated national healthcare system. We believe that this funding for the TAC will support the TAC in its efforts to strengthen the public health system in this critical area of need and care,” says Broomberg.
The TAC’s main focus areas for 2016 are:
- Building community activism;
- Health systems strengthening;
- Monitoring and critically evaluating the National Strategic Plan; and
- Working towards universal access to affordable quality medicines.
The Discovery Fund’s investment is to support TAC’s core activities and does not tie or limit TAC to any agenda. Discovery recognises that there may be positions TAC takes, for example in relation to the regulation of private health care, that it disagrees with and vice versa. In this respect the Discovery Fund’s investment is recognition of the importance of social justice advocacy in the context of South Africa’s Constitutional Framework.
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Thulaganyo Khensani Mthombeni
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About Discovery Limited
Discovery Limited is a South African-founded financial services organisation that operates in the healthcare, life assurance, short-term insurance, savings and investment products and wellness markets. Founded in 1992, Discovery was guided by a clear core purpose – to make people healthier and to enhance and protect their lives. Underpinning this core purpose is the belief that through innovation, Discovery can be a powerful market disruptor.
The company, with headquarters in Johannesburg, South Africa, has expanded its operations globally and currently serves over 4.4 million clients across South Africa, the United Kingdom, the United States, China, Singapore and Australia. Discovery recently announced an intent to partner with Generali, a leading insurer in Europe, and has partnered John Hancock in the US. These new partnerships will bring Discovery’s shared-value business model to protection industries in Europe and the US.
Vitality, Discovery’s wellness programme, is the world’s largest scientific, incentive-based wellness solution for individuals and corporates. The global Vitality membership base now exceeds three million lives in five markets.
Discovery is an authorised financial services provider and trades under the code “DSY” on the Johannesburg Securities Exchange.
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