Budget Speech 2022 Insights and Commentary from Discovery
Executives provide comments and snippets following Minister Enoch Godongwana’s National Budget Speech on Wednesday 23 February 2022
Executives provide comments and snippets following Minister Enoch Godongwana’s National Budget Speech on Wednesday 23 February 2022
“The COVID-19 vaccination programme has truly been a matter of life and death.”
“We needed to have a single, integrated, co-ordinated approach if South Africa was going to be effective and impactful in our efforts to tackle this pandemic.”
In January 2022, Discovery celebrated a significant milestone - one million COVID-19 vaccine doses administered through its nine vaccination sites. Set up
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.
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
The British Journal of Sports Medicine has published a first-of-its-kind study on the impact of objectively-measured exercise on severe COVID-19 outcomes, produced by Discovery Vitality in collaboration with the University of the Witwatersrand Sport and Health Research Group (WiSH) and researchers from the University of Western Ontario in Canada.
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
On 1 January 2022, Vitality Health International (VHI), a division of Discovery Group that is responsible for its international health insurance initiatives, launched its Shared-value health insurance product offering in several African countries – Nigeria, Ghana, Kenya, the Democratic Republic of Congo (DRC), and Zambia. Employers who operate in these countries can now offer their employees acces
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
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, 14 December 2021
Summary:
Vaccine effectiveness:
o The two-dose Pfizer-BioNTech vaccination provides 70% protection against severe complications of COVID-19 requiring hospitalisation, and 33% protection against COVID-19 infection, during the current Omicron wave.
Reinfection risk: For individuals who have had COVID-19 previously, the risk of reinfection with Omicron is
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
Key announcements:
The 18th edition of the Discovery Walter Sisulu Soccer Challenge will take place from
8-29 December 2021.
Only vaccinated players, coaches, support staff and media will be permitted.
No spectators allowed.
This year’s Discovery Walter Sisulu Soccer Challenge will go ahead as planned, with only one change: No spectators will be allowed inside the host venue Nike Shapa So
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
On 3 September 2021, Discovery announced its mandatory vaccination policy for South Africa-based employees Staff vaccination rates have climbed from 22% at start of September to 94% by 30 November Across all main categories, including sex, age and seniority, more than 90% of staff are vaccinated Vaccination rates projected to reach levels greater than 97% before the peak of fourth wave, in ear
Key announcements:
The 18thedition of the Discovery Walter Sisulu Soccer Challenge will take place from
8-29 December 2021.
Only vaccinated individuals permitted.
Team registrations close 30 November 2021.
Discovery and the South African Football Association (SAFA) have partnered once again for the Discovery Walter Sisulu Soccer Challenge. Hosted at Soweto’s newly renovated Nike Football
Johannesburg, 24 November 2021 — Discovery Bank today announced additional discounts for an extended period for this upcoming Black Friday. As part of a Miles Ð-Day Black Friday Weekend Takeover, qualifying Discovery Bank clients can double their Discovery Miles discounts on purchases made at retail partners between 26 and 29 November 2021.
“Discovery Miles are already more valuable than cash w
Discovery Health launches new Diabetic Retinopathy Screening Benefit, enhanced by a cutting-edge Artificial Intelligence system and designed to detect the onset of diabetic retinopathy as early as possible.
AI technology heralds a new era for eye screening, which is fundamental to nipping diabetic retinopathy in the bud
People who live with diabetes (whether type 1 or 2) are at heightened
Johannesburg, 16 November 2021 —Following the announcement that the Justin Bieber Justice World Tour will include two dates in South Africa in late 2022, Discovery Bank is excited to give its clients exclusive access to purchase tickets 48 hours before ticket sales officially open on 3 December 2021.
The much-anticipated Justin Bieber Justice World Tour, happening between May 2022 and March 20