Categories: shared-value model
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.
Discovery delivers robust half-year results with elevated investment in strategic new initiatives
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