News archive

Discovery Bank launches home loans with dynamic interest rate saving of up to 1% – giving South Africans the potential to save R12 billion a year in interest

27 May 2024 10:15

Johannesburg, 27 May 2024 – Discovery Bank has launched its new Home Loan product. The Bank will offer clients competitive, personalised rates based on their individual risk profiles, and use its established Shared-value Banking model to enable clients to further reduce their interest rate by up to 1%. This will be done by managing their money well with Vitality Money and protecting their home loa

South African spending remains resilient with strong adoption of digital wallet use compared with global peers: SpendTrend24 report

4 April 2024 10:00

Discovery Bank and Visa today released their latest SpendTrend24 report, a comprehensive study of consumer spending habits.

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 Bank clients can now double their Discovery Miles discount to up to 40% off on Miles D-Day every month

12 July 2021 10:31

JOHANNESBURG, 12 July 2021 – Discovery today announced Discovery Miles D-Day, an exciting new initiative from Discovery Bank and Vitality. For one day every month, qualifying Discovery Bank clients with Vitality Money can get up to 40% off when spending their Discovery Miles in-store or onlineat over 40 Discovery Miles partners. Discovery Miles is Discovery's rewards currency, that is more valuabl

​Financial Intermediaries Association gives Discovery top honours

6 June 2016 11:28

Discovery walked away the winner in two categories of the 2016 FIA Awards. Discovery Life, for the seventh time overall and the fourth year in a row, took top honours as the Long Term Insurance Product Supplier of the Year – Risk, while Discovery Health was selected the Healthcare Product Supplier of the Year for the 8th time since these awards were announced.

Discovery bags FIA award

5 June 2015 09:13

5 June 2015 – Discovery Life took top honours in the long-term insurance category at the prestigious annual Financial Intermediaries Association of Southern Africa (FIA) Awards held in Johannesburg last night. The awards recognise and honour South Africa’s leading product providers in the financial services industry.

Financial institutions and financial planning industry must embrace change and innovate to grow

19 May 2015 11:48

South Africa’s financial institutions and financial planning intermediaries will have to continue embracing change, innovation and technology if they are to grow in an environment where the direct distribution model is the fastest growing channel in the R6 trillion savings and investment sector.

Best in the business recognised at Discovery Sports Industry Awards 2015

16 February 2015 15:28

​The worlds of business and sport combined on Thursday night for the Discovery Sport Industry Awards 2015 to recognise and celebrate the best work across the business. The annual celebration of success is the sport industry’s flagship event and took place at the Sandton Convention Centre for the second consecutive year.

Discovery scoops three FIA Awards

30 May 2013 22:25

30 May 2013 – Discovery walked off with three awards at the prestigious annual Financial Intermediaries Association of Southern Africa (FIA) Awards held in Johannesburg tonight. The awards recognise and honour South Africa’s leading product providers in the financial services industry.