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
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
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
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.
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
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
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
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
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
Johannesburg, 30 September 2021 – Discovery Bank today announced new digital and fintech innovations for a comprehensive digital financial services experience at its annual product-update event with financial advisers.
“With the latest features, our clients have access to a full range of financial capabilities in one place – our digital banking platform. This platform is not only transforming b
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
Johannesburg, 21 June 2021 – Discovery Invest has partnered with Goldman Sachs Asset Management, to introduce a new investment opportunity giving access to a range of thematic equity portfolios designed to give exposure to global megatrends.
The Discovery Global Megatrends Fund is available on both Discovery Invest’s local and global platforms. The Fund provides clients with unique exposure to
Johannesburg, 10 June 2021 - Discovery Bank offers a unique client experience as a shared-value bank. And, with its new interactive, online Shared-Value Stack which is now accessible on the Discovery website, it’s possible for everyone to see how financial products and individual financial behaviour interconnect to create much greater banking value for clients through improved interest rates, life
The referral programme, the first of its kind among South African banks and financial institutions, will give clients the functionality to invite friends and family to sign up to the Bank – and for both clients and friends to get rewarded in the form of Discovery Miles, creating an eco-system of shared-value
A safer, more secure and private way to pay with iPhone and Apple Watch
• Discovery Bank is fundamentally designed differently through its shared-value model • Clients create value as they manage their money well that Discovery Bank shares back with them through better interest rates, deep discounts and significant rewards
The bank is poised for growth with the behavioural model revealing the lowest-risk client base in the industry in under two years since launching to the public
In a claim experience analysis, Discovery Group Risk today reported claim pay-outs to the value of R1.48 billion in the year to June 2020, including at least R100m directly due to COVID-19. The company offers group risk benefits that include life cover, global cover for the education of employees' children, severe illness cover, lump-sum and monthly disability protection, and funeral cover.
Discovery Health Medical Scheme members will be able to elect to have their health plan administered in accordance with principles that are compliant, through the Discovery Health Medical Scheme Shariah Compliant Arrangement.
Discovery Health has invested extensively in a digital healthcare ecosystem to enhance the quality and experience of healthcare for members of DHMS. This investment includes the adoption and funding of digital healthcare technology, digital tools for members and doctors, integration with health monitoring devices and sophisticated data analytics.
