News archive

Discovery’s new phase of growth results in strong performance, with Discovery Bank continuing to perform ahead of plan

4 March 2025 09:25

Johannesburg, 4 March 2025 – Discovery today presented its interim financial results for the six-months ended 31 December 2024 to the investor community.
Group Chief Executive, Adrian Gore, provided context to the Group’s strong performance and consistent growth across the two composites of the business. “We have emerged from a cycle of significant investment, which focused on creating new aven

Discovery Invest shakes up the market with R20bn investor windfall, launch of longevity solution, 100% return in USD dollars and Bitcoin fund

13 May 2024 11:36

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 Invest 2024 market outlook - A year of selective opportunities that require taking control

8 February 2024 11:09

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.

Cogence appoints its first CEO and expands its presence to four investment platforms

3 October 2023 09:42

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.

Discovery Life unpacks the hidden costs of winding up a deceased estate

13 September 2023 12:35

Even though just over 40% of South Africans have funeral cover, only one in 10 South African consumers has life insurance. If the deceased’s estate has a cash shortfall, the funeral and immediate costs may be taken care of, but there are no backup funds available to pay for winding up the estate itself.

Eyes on the horizon as turmoil turns to hope: A view of the markets for 2023

31 January 2023 14:53

Johannesburg, 31 January 2023 – Off the back of a tumultuous year for investors, 2023 is set to be one that marks the dawn of a new global market regime, requiring a new investment playbook. The following outlook is provided by Discovery Invest and its partners, Ninety-One, BlackRock, and Goldman Sachs (GSAM) – world leaders in asset management.
The consensus among them converges on the view th

Discovery retirement model can triple investments, says Bank CEO

25 January 2022 16:21

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.

Discovery Invest shares their market outlook for 2021

18 February 2021 09:19

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

22 June 2020 09:08

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.

Discovery delivers robust half-year results with elevated investment in strategic new initiatives

20 February 2020 10:21

The Group highlighted results for the period ended 31 December 2019, characterised by substantial investment in new initiatives and a strong performance from the core businesses with the exception of VitalityLife: • Net asset value increased by R1 598 million • Total new business API increased 17% to R11 116 million • Normalised profit from operations decreased 7% to R3 551 million

Finance Minister Pravin Gordhan: Focusing on growth and moving away from an individualistic culture

2 November 2016 11:39

After receiving a standing ovation at the Johannesburg Stock Exchange (JSE), Finance Minister Pravin Gordhan addressed the assembled crowd of CEOs and business executives, and shared some insights on the state of the economy...

Discovery Invest's Capital 200+ is back to offer a minimum return of at least double your capital, if global markets return even as little as 1%

26 January 2015 13:34

Successfully launched in May of 2014, the Discovery Capital 200+ is reopening today, Monday, 26 February 2015 for a limited period. For investors looking for equity exposure to the European and US markets, the Discovery Capital 200+ offering is a fixed-term five-year product investing in the Euro Stoxx 50 and S&P 500 indices.