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
Topics: Business enterprise
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Discovery and AIA to establish a pan-Asian health InsurTech business
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.
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Discovery Bank clients get first access to Justin Bieber Justice World Tour tickets
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 -
Discovery Bank Priority Fast Track launches at Cape Town International Airport
Johannesburg, 1 September 2021 –Discovery Bank today announced that Black and Purple cardholders can enjoy faster security clearance with the Discovery Bank Priority Fast Track at the Cape Town International Airport domestic departure hall, making travel more rewarding than ever.
This follows the launch of Priority Fast Track at OR Tambo International Airport in July 2020, successfully brought -
Discovery challenges businesses to mentor school principals and entrepreneurs – and attempts a Guinness World Record
28 June 2021 – Discovery founders Adrian Gore and Barry Swartzberg have launched a mentorship programme with the aim of strengthening leadership capacity in schools, small businesses and civil society. The Mentorship with Purpose campaign, which puts a spotlight on volunteerism, welcomes individuals across all sectors of business, the public and private sectors to pledge their time as a mentor. Di
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Dr Reuel J Khoza appointed as Chairperson of Discovery Bank
Dr Reuel J Khoza takes up the position of Chairperson of Discovery Bank from Adrian Gore who has chaired the Discovery Bank’s Board since its inception.
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Hylton Kallner is appointed as CEO of Discovery Bank
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
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Discovery Vitality members can now book local flights for December on kulula.com
Discovery Vitality is excited to announce that Vitality members can now book kulula.com flights. While the kulula.com booking platform has been live for several weeks for accommodation, car hire and select international flight bookings, the reintroduction of local air travel bookings is a huge and positive milestone.
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Discovery Health boosts access to cutting-edge digital healthcare innovation in 2021
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.
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Contribution freeze for Discovery Health Medical Scheme members until July 2021
“Each year we strive for the lowest possible contribution increase. For the first six months of 2021, DHMS will deliver a contribution freeze for all scheme members across all plans, mindful of and sensitive to the financial pressures facing individuals at this time within the country’s stressed economic climate.
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Vitality accelerates its efforts to get people moving with exciting new benefits; also announces special Vitality points recognition initiative
JOHANNESBURG, 30 September 2020 | Discovery Vitality today announced an exciting series of product enhancements that will further motivate and reward members to get healthy by exercising and eating well.
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Discovery reports resilient full year performance
Discovery Group Chief Executive, Adrian Gore, presented Discovery’s results for the year ended 30 June 2020 confirming the Group’s financial strength and strategic relevance.
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Younger drivers reduced mileage the most compared to all age groups during lockdown – Discovery Insure data shows
Analysis of Discovery Insure’s clients’ driving behaviour during the national lockdown indicates that its best drivers reduced their mileage by up to 89%, and younger drivers reduced their mileage more than older clients. The findings were issued today.
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Vitality’s 65+, bespoke programme for older adults enables members to live longer and better
Discovery is pleased to announce the successful launch of its Vitality 65+ offering. Vitality members, 65 years or older, can now achieve better health with age-appropriate goals, interventions and activities, with exclusive enhancements to the Vitality programme, across Health, Insure, Life and Invest - that help them achieve better health with age-appropriate goals, interventions and activities.
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Discovery’s Roseanne Harris elected President of International Actuarial Association
Professor Harris has been a member of the Executive Committee of the International Actuarial Association since 2018 and among other roles, has served as the Chair of the Health and Education Committees of the Actuarial Society of South Africa, and as the President of the Actuarial Society of South Africa in 2016 and 2017.
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Discovery Vitality empowers members to make a difference during Covid pandemic through #VitalityMoveToGive philanthropic initiative
In a bid to make a meaningful contribution to the fight against Covid-19, Discovery Vitality today announces a partnership with Shout4Masks. This initiative is the newest collaboration between Vitality and several other charitable organisations at the forefront of addressing the challenges of the pandemic.
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2019 Discovery Life claims insights and COVID-19 trends
During 2019, Discovery Life paid out R4.8 billion to policyholders, including a total of R1.2 billion through the PayBack benefit. In addition, Cash Conversions to the value of R2.8 billion are expected to mature over the course of the next 5 years. Breakdown per benefit: • R2.28bn in life cover • R1.1bn Severe Illness Benefit • R816m Disability benefit • R375m income Continuation Benefit
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Discovery Bank offers locked-in interest rate on savings
In line with National Savings Month, Discovery Bank will postpone implementing the interest rate reduction announced yesterday and will keep the interest rates on all its savings accounts as is for the next 14 days. The interest that Discovery Bank charges its clients on their borrowings will, however, be reduced with effect from July 24 2020.
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Discovery Invest launches global investment offering in association with BlackRock and Goldman Sachs
Discovery Invest launched a greatly-enhanced global investment solution that uses shared value to create the world’s first exchange rate enhancer, and offers investment choices advised by BlackRock and Goldman Sachs, world leaders in asset management.
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Discovery wins Global Innovator at the Efma–Accenture Innovation in Insurance Awards 2020
Discovery recognised as the recipient of the Gold Global Innovator Award at the 2020 Efma-Accenture Innovation in Insurance Awards, a virtual ceremony showcasing the best examples of insurance innovations across the globe.
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