Latest News & Developments
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WEF 2024: Discovery's Gore highlights SA's progress, tech impact and global shifts
Discovery CEO Adrian Gore reveals three major takeaways from the World Economic Forum in Davos, including South Africa's improving global perception, the impact of US elections, and technology's growing influence on global markets.
Guinea approves environmental assessment for Bankan Gold Project
PDI said that close engagement with MEDD led to the approval of the Certificate of Environmental Compliance (“ECC”).
This is what Discovery Bank customers spent their money on during Black Friday
Discovery said that their clients made the most of their spending and savings during Black Friday.
Dr Trevor Ngwane | Tito Mboweni was ‘no friend of the working class, poor’
Was Tito Mboweni a good person? Did his deeds benefit the masses? What will the history books say about him many years into the future?
Are the traditional South African insurers about to disrupt the retail banking market?
South African insurers are making bold moves into banking, while banks continue to sell insurance.
Discovery CEO thumbs up GNU after full year earnings, operating profits jump
The Discovery Bank unit, however, improved its operating loss for the year to June by 41% to R454m although it “exceeded expectations” against the background of accelerated acquisition of quality clients.
Adrian Gore sounds positive note on Discovery’s growth and SA’s resilience
Speaking at Discovery Day earlier this week, he said South Africa had come a long way in just one year.
Checkers teams up with healthy eating advocate Jamie Oliver to endorse Discovery Vitality HealthyFood partnership
Checkers has announced that it has joined forces with world-renowned chef and healthy eating advocate Jamie Olivier.
Discovery Bank attracts over 1 000 new customer accounts per month
Discovery Bank CEO Hylton Kallner said the growth in customer numbers reflected the impact of their “unique shared-value model” that aimed to create value as clients managed their money and engaged with other Discovery products and rewards, and used their digital banking app and platforms.
Discovery Vitality members could earn more R1 billion in rewards for 2024
For 2024, members of the Discovery Vitality programme are expected to earn 10 billion Ðiscovery Miles that have a redemption value of R1 billion to R1. 4 billion.
Discovery Green’s renewables service on track as new insights sprout
The unit has noted that where a single business can achieve a 49% renewable energy coverage level before energy becomes wasted, a portfolio of five businesses from different industries acting together can increase this coverage level to 78%.
Discovery’s position on the NHI Act and what it means for you
Adrian Gore, Discovery CEO sent out a letter to members following the signing of the NHI Act.
Joburgers revealed as the country’s biggest spenders, according to recent report
Johannesburg remains the country’s economic powerhouse and home of South Africa’s biggest spenders.
How you could save R200,000 on your home loan
In April, Discovery may launch its home loan business, and the company’s group CEO, Adrian Gore said that it thinks it will be a very compelling product.
Discovery reports six months’ strong new business growth
The Discovery Group said it delivered robust profit and new business growth in the six months to December 31, 2023.
Invested in SA: Discovery says it’s not migrating to London as local headwinds swirl
Speculation swirled around the purpose of CEO Adrian Gore’s travels abroad.
Springbok victory put nation in early festive mood with more spending during World Cup
Take out, flights booked and general spending increased by a large scale according to Discovery Bank during the Rugby 2023 World Cup.
Discovery CEO Adrian Gore’s remuneration slips because he didn’t fully meet performance targets
Discovery founder and CEO Adrian Gore's remuneration fell to R27. 91 million in the 2023 financial year from R28. 3m a year before
Financial Crimes Surge in SA: SABRIC reports alarming rise in ATM explosive attacks and digital fraud
Financial crime in South Africa saw significant shifts in 2022, with ATM attacks and digital fraud on the rise, according to Sabric. However, there were reductions in mobile banking fraud and card fraud. Sabric emphasises collaboration to strengthen law enforcement and regulatory frameworks against these threats.
Insurer ordered to honour mental illness claim
Mental illness cases are often difficult to assess, and insurers may sometimes be too hasty in deciding on their validity. A recent determination by the Ombudsman for Long-term Insurance found that an insurer incorrectly declined a disability claim for mental illness because it failed to take a holistic approach and disregarded the totality of the evidence.
Discovery Bank branches out to offering home loans. . . with a twist
Discovery Bank earlier this week announced that it would be entering the home loan service industry.
Discovery believes the NHI needs private sector collaboration
Discovery’s CEO, Adrian Gore, said for the year ended June 30, 2023, the group had resumed dividend payouts with a final gross cash dividend of 110 cents per ordinary share.
Discovery resumes dividend on strong balance sheet
The company said organic cash generation was strong during the year after increased cash generation in its life insurance Discovery Life following high Covid-19 related claims.
Adrian Gore launches Discovery Green - a game-changing renewable energy platform
In another innovative first, Discovery CEO Adrian Gore yesterday unveiled Discovery Green, a renewable energy platform, which opened for business yesterday, that will unlock an investment of roughly R20 billion to R25bn in South Africa’s energy infrastructure.