Topics: Finance

  • SAFx Rater confirms Discovery Bank’s new-generation forex account offers a unique experience

    Johannesburg, 17 March 2022 – Discovery Bank today released its inaugural “SAFx Rater”, a comparative analysis of features and benefits of forex accounts offered by major banks and forex providers in South Africa. With the recent strengthening of the rand against major currencies, there has been significant interest in opening foreign exchange accounts to take advantage of this. Discovery Bank has

  • Insuring against power surges can help cover damaged appliances especially during load shedding - Discovery Insure

    When power returns after load shedding, households may experience a surge of current to their plugged-in appliances and this could cause serious damage. The appliances may even be irreparable following a serious spike in current.
    Head of Strategy at Discovery Insure, Kgodiso Mokonyane says: “Recent Discovery Insure claims data reveals that clients are between 2.08 and 2.3 times more likely to

  • The most common severe illness amongst South African women is cancer – Discovery Life claims data

    Today Discovery Life revealed that, according to its latest claims data, cancer is the most common severe illness in South Africa for women.
    Issued on International Women’s Day (8 March 2022), Discovery Life highlighted key issues surrounding women’s health, and what interventions can be made to ensure improved outcomes.
    Second to cancer, the claims data found that nervous system and cardio

  • 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

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