Subjects: Economy, Finance
The Ongoing Impact of COVID-19 on health and mortality
While the worst appears to be behind us in terms of the climbing infections, high death rates and the economic impact of the global coronavirus outbreak, deaths due to cardio-metabolic (heart and nervous system) and cancer-related conditions are now strikingly high in this post-COVID world. This is according to annual Group Risk claims data released by Discovery Employee Benefits.
Vitality Health International is making waves in Africa
Translations available in French, Arabic and Portuguese – view lower down. Since its launch in January 2022, Vitality Health International has been gaining momentum in bringing health insurance that rewards healthy living to employer groups in the rest of Africa.
The 19th Discovery Walter Sisulu Soccer Challenge: Soweto’s favourite football festival ready for kickoff
The 19th edition of the Discovery Walter Sisulu Soccer Challenge will take place from 1-23 December 2022. Whilst the men’s category is full, some spaces remain for the u17 and women’s categories. Teams are encouraged to urgently secure their spots into Soweto’s number 1 diski challenge. Entries close on 30 November 2022.
Discovery and the South African Football Associati
Discovery Bank makes sure no one misses out with #HackBlackFriday
JOHANNESBURG, 23 November 2022 - It’s the week of Black Friday and since 2018, this day has been one of the biggest shopping events of the year. With belts being tightened everywhere due to the current financial environment, many South Africans are waiting to find the best possible deals on high-value items or general household items from retailers everywhere.
Everywhere we look there are mas
Vitality model saves more than two million life years for its customers in 2022
Discovery’s 2022 Sustainability Report quantifies the positive impact of its model for customers and society – and sets a goal of incentivising one billion healthy activities a year by 2030. In the 2021 financial year, Discovery recorded 470 million healthy activities, and returned R11.4 billion in value to customers through its shared-value model and impacted nearly 40 million lives.
Discovery Bank and Discovery Life take top spots for customer experience in the 2022 Ask Afrika Orange Index®
Discovery Bank as the bank with the best client experience in South Africa, and Discovery Life as the leader in service in the long-term Insurance category.
Discovery features fourth on the 2022 Fortune Change the World list
Discovery ranks fourth on the Fortune Change the World list for the application of its shared-value model in the banking industry through Discovery Bank - a branchless, full-service bank which nudges and rewards clients towards better financial behaviours and outcomes.
Share trading now available for Discovery Bank clients through EasyEquities
Johannesburg, October 6, 2022 – Coinciding appropriately with World Investor Week, Discovery Bank is excited to announce the launch of share trading through the Discovery Bank app, in partnership with EasyEquities. Clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app, making investing in their favourite local and global brands and othe
Financial relief provided to members of Discovery Health Medical Scheme as 2023 contribution increase deferred to 1 April, with the Scheme optimally priced for expected claims
Discovery Health Medical Scheme members to save almost R1.9bn in the first three months of 2023, access exciting new health-enhancing benefits and an innovative new network-based plan.
Judicious use of excess Scheme solvency provides both financial relief and new benefits to members.
21 September 2022 – Today, Discovery Health Medical Scheme (DHMS) announced that its members will only pay m
Starting trips before 7am saves time, men are better at braking smoothly, and women stay within speed limits, says new driving trends data
New driving trends data released today reveals that people can save between 13% and 14% of their commuting time on their trips if they choose to start driving before 7am or after 8am. The data also highlights that men brake more smoothly and tend to use their cellphones less often than women when driving, while women are better at taking corners and staying within the speed limit.
The number of people in South Africa without a will is concerning, finds survey
A recent client survey conducted by Discovery Life reveals that, while 98% of respondents believe that having a will is important, almost a third of the participants conceded that they do not have a will in place (31%). With 12 to 16 September being National Wills Week in South Africa, the time is now to get a will drafted, especially if you have loved ones who are dependent on you for income and
Discovery posts strong operating full-year results in challenging macro-economic environment
Discovery reported its’ full-year results for the period ended 30 June 2022 today.
The strong operational performance of all three main business areas, the SA composite, the UK composite and Vitality Global demonstrates the relevance of the Vitality Shared-value business model and the value it delivers to clients and broader society New business initiatives grew strongly, led b
Digital future of banking is inevitable and imminent, says Discovery Bank, BCG report
On Monday, 29 August 2022, at an event held in Sandton, Boston Consulting Group (BCG) in partnership with Discovery Bank, introduced a new report titled: The Future of Retail Banking in South Africa. The report highlighted that two-thirds of South Africans expect the country’s banks to make a full transition to digital banking within five years.
South Africa’s first global discretionary fund manager launched by Discovery
Johannesburg, 23 August 2022 — Discovery Group today announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including mode
South African women need more income protection cover – and continue to see the value of cover for cancers
Johannesburg, 10 August 2022: Every year, in August, South Africa marks Women’s Day and Discovery Life undertakes to reflect on its efforts to close the gendered insurance gap in our country. In 2019, ASISA conducted a gap study which found that women have an insurance gap of nearly R15 trillion. An analysis of Discovery Life’s 2021 claims data shows that while women hold 47% of all life polic
Road to Sun City gets a plug from the Pothole Patrol
Thanks to The Pothole Patrol, business and leisure travellers from Gauteng will no longer have to navigate potholes when they travel to Sun City for holidays or to attend business events.
The innovative initiative is a partnership between the City of Johannesburg, Discovery Insure and Dialdirect Insurance. In its first year alone, it repaired over 100 000 potholes in Johannesburg.
Now for th
SA’s most popular days for driving to work are Tuesdays and Wednesdays, according to recently released driving data
Discovery Insure’s new Work From Home Index has revealed an average of three days per week that people are physically travelling between work and home. These are the two most common destinations between which many people travel – often more than once a week – ordinarily every week.
During the past two years, our movement patterns between these two destinations have shifted and Discovery Insure
Discovery announces secondary listing on A2X
Discovery has been approved for a secondary listing on A2X Markets.
Discovery Bank hits 1 million accounts, expands banking and lifestyle benefits
Johannesburg, 20 June 2022 – Over the past year, Discovery Bank has seen strong deposit growth and considerable traction of its shared-value banking model amongst its client base; the appeal of a full service, shared value, digital bank is reflected in Discovery Bank’s strong growth to over 1 million accounts since its public launch in 2020.
Today, as the Bank announced the milestone of reachin