Topics: Economy, Finance

  • SAFx Rater confirms Discovery Bank’s new-generation forex account offers a unique experience

    Johannesburg, 17 March 2022 – Discovery Bank today released its inaugural “SAFx Rater”, a comparative analysis of features and benefits of forex accounts offered by major banks and forex providers in South Africa. With the recent strengthening of the rand against major currencies, there has been significant interest in opening foreign exchange accounts to take advantage of this. Discovery Bank has

  • Insuring against power surges can help cover damaged appliances especially during load shedding - Discovery Insure

    When power returns after load shedding, households may experience a surge of current to their plugged-in appliances and this could cause serious damage. The appliances may even be irreparable following a serious spike in current.
    Head of Strategy at Discovery Insure, Kgodiso Mokonyane says: “Recent Discovery Insure claims data reveals that clients are between 2.08 and 2.3 times more likely to

  • The most common severe illness amongst South African women is cancer – Discovery Life claims data

    Today Discovery Life revealed that, according to its latest claims data, cancer is the most common severe illness in South Africa for women.
    Issued on International Women’s Day (8 March 2022), Discovery Life highlighted key issues surrounding women’s health, and what interventions can be made to ensure improved outcomes.
    Second to cancer, the claims data found that nervous system and cardio

  • Discovery and AIA to establish a pan-Asian health InsurTech business

    Discovery and AIA announce the formation of a pan-Asian health InsurTech business. Amplify Health is a new digital health technology and integrated solutions business that will deploy a range of health technology assets, proprietary data analytics and extensive health expertise to AIA’s insurance businesses and other third-party clients across Asia.

  • Discovery Invest shares its market outlook for 2022

    Johannesburg, 14 February 2022 - With 2021 characterised as a year of strong market recovery from the shock caused by the global outbreak of COVID-19, the scene for 2022 remains positive, albeit with some uncertainty.
    Kenny Rabson, CEO of Discovery Invest, says that while the worst is likely behind us in terms of the market impact of COVID-19, its longer-term effects are continuing to influen

  • 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

  • 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

  • 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.

  • 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 ensure

  • 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 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

  • 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 retireme

  • Discovery Life claims data demonstrates the significant value of comprehensive life insurance during the COVID-19 pandemic

    Discovery Life released its annual claims data insights today, illustrating the impact of the COVID-19 pandemic on life insurers Total claims paid out to clients in 2020 amounted to R4.7 billion, COVID-19 related pay-outs are expected to reach R6.2 billion across Individual Life and Group Risk claims by the end of the 2022 financial year COVID-19 has overtaken heart disease and cancer as the le

  • Discovery Bank launches Vitality Money Financial Analyser

    Johannesburg, 27 October 2021 –Putting clients in control of their money,Discovery Bank today announced the launch of Vitality Money Financial Analyser.
    Vitality Money Financial Analyser gives personalised insights into monthly income, savings and spending.
    About 65%* of people don’t know what they spend their money on in a month and more than half** underestimate how much they spend, which

  • Discovery Business Insurance innovates to address the growing threat posed by Cyber Crime

    Johannesburg, 26 October 2021 – As the world recognises October as Cyber Security Awareness month Discovery Business Insurance is highlighting the critical need for businesses to ensure that they are appropriately covered to mitigate against the risk of cyber crime, which has become one of the biggest risks facing businesses today.
    Now in its 18th year, Cyber Security Awareness Month, which

  • Discovery Invest Launches Market-First European Credit Opportunities Fund

    Johannesburg, 19 October 2021- In line with its aim to bring new investment opportunities to South African clients, Discovery Invest today announced the launch of a market first credit fund targeting annual returns in Euros of 7% per annum, net of fees and taxes.
    The Discovery European Credit Opportunities Fund, managed by Ninety One, is an international structured fund that offers access to a

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