Topics: Finance

  • 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.

  • Discovery Invest shares its market outlook for 2022

    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

  • Discovery retirement model can triple investments, says Bank CEO

    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.

  • Discovery Bank and Vitality Money clients spent 600 million Discovery Miles this November

    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

  • Discovery Life claims data demonstrates the significant value of comprehensive life insurance during the COVID-19 pandemic

    Discovery Life released its annual claims data insights today, illustrating the impact of the COVID-19 pandemic on life insurers Total claims paid out to clients in 2020 amounted to R4.7 billion, COVID-19 related pay-outs are expected to reach R6.2 billion across Individual Life and Group Risk claims by the end of the 2022 financial year COVID-19 has overtaken heart disease and cancer as the le

  • Discovery Business Insurance innovates to address the growing threat posed by Cyber Crime

    Johannesburg, 26 October 2021 – As the world recognises October as Cyber Security Awareness month Discovery Business Insurance is highlighting the critical need for businesses to ensure that they are appropriately covered to mitigate against the risk of cyber crime, which has become one of the biggest risks facing businesses today.
    Now in its 18th year, Cyber Security Awareness Month, which

  • Discovery Invest Launches Market-First European Credit Opportunities Fund

    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

  • Discovery Bank and Vitality announce new offerings to deliver integrated value for clients

    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

  • Discovery Health Medical Scheme announces a second year of deferred contribution increases

    30 September 2021 - Today Discovery Health Medical Scheme (DHMS) announced that it would again the delay the implementation of its annual contribution increases. After delaying the annual contribution increases for 2021 by 6 months to 1 July 2021, the Scheme announced that the annual contribution increases of 7.9% for 2022 would only be implemented from 1 May 2022. This makes Discovery Health Me

  • Discovery Business Insurance marks Heritage Month with the shortlisting of 7 finalists in Restaurant ReDiscovery competition

    23 September 2021 - Discovery Business Insurance together with restaurateur and musician J’Something of Mi Casa, has announced the seven South African restaurants that are all in line win a R25,000 cash injection into their restaurant. On 6 September Discovery Business Insurance launched #RestaurantReDiscovery, inviting restaurant goers to tag their favourite eat out spots on Discovery’s social me

  • This #HeritageMonth, Discovery Business Insurance marks the occasion by giving South Africa’s home-grown restaurants a boost

    Food is a rich part of South Africa’s heritage and Discovery Business Insurance has launched a campaign which celebrates this - #RestaurantReDiscovery.
    Joined by restaurateur and popular musician, J’Something of one of SA’s loved local bands, Mi Casa, Discovery Business Insurance is inviting South Africans to rally around the theme of “Re-Discovery” – Re-discovering our roots. Re-discovering o

  • Discovery delivers strong operating performance during the pandemic and continued evolution of the Shared-value Insurance model

    Johannesburg, 2 September 2021 – Adrian Gore, Discovery Group Chief Executive, today presented the Group’s full-year results for the period ended 30 June 2021 to the analyst community. Discovery posted a strong operating performance across the all businesses, despite the ongoing challenge of the COVID-19 environment which manifested in a far higher COVID-19-related mortality in South Africa, compa

  • Discovery Life clients can now get higher PayBacks if vaccinated against COVID-19

    Johannesburg, 29 July 2021 – Discovery Life has announced a ‘first-of-its-kind’ underwriting determinant for the South African life insurance market, stating that being vaccinated against COVID-19 is now an additional consideration in determining life insurance premiums and benefits for new clients, effective from the 29th of July 2021.
    “Through our premium PayBack reward mechanism, we are off

  • Discovery Bank clients can now double their Discovery Miles discount to up to 40% off on Miles D-Day every month

    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

  • Over 10 000 Road Defects Fixed by the Pothole Patrol

    Since its launch in May, steady progress is being made by The Pothole Patrol project, with over 2 500 potholes filled.
    Commenting on the journey so far, Anneli Retief, Head of Dialdirect says: “We are pleased with the progress and difference made to date, but road conditions are a lot worse than we thought. We are repairing much bigger, deeper and more severe crevices and holes that occur as

  • CTICC mass Vaccination Centre of Hope opens on Wednesday 7 July, and will administer 750 000 vaccinations by December

    Today, the Western Cape Government, the City of Cape Town and Discovery Health conducted an oversight visit at the Cape Town International Convention Centre mass Vaccination Centre of Hope to check on its preparation ahead of its activation tomorrow.
    Between July and December this year, this mass vaccination centre is expected to administer over 750 000 vaccinations in Cape Town, playing a cri

  • Discovery Vitality partners with the Nelson Mandela Foundation to fight hunger this Mandela Month

    JOHANNESBURG, 2 July 2021 | Discovery Vitality is excited to partner with the Nelson Mandela Foundation to raise funds for its Each One Feed One hunger relief campaign. The Foundation launched the #Each1Feed1 initiative in response to the devastating effects of COVID-19 on already vulnerable communities. The campaign calls for all South Africans to donate essential products to help alleviate food

  • Discovery Health’s mass vaccination site at Gallagher Convention Center adds significant capacity to accelerate the national vaccination rollout

    JOHANNESBURG 02 July 2021 - Discovery Health is delighted to open its sixth Covid-19 vaccination site to-date at Gallagher Convention Centre in Midrand, Johannesburg. With the capacity to deliver 3 800 vaccinations per day to the 3.5 million residents within close proximity of Midrand, the site is one of the largest vaccination centers countrywide and includes more than 48 full-time vaccinators an

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