Browsing: Discovery

Banking
Standard Bank branch cuts are long overdue

The decision by Standard Bank to close 91 branches and cut 1 200 jobs is not at all surprising – the only surprises were that the bank announced it publicly and that it did so before elections in May.

News
FNB clients fast ditching branches for digital

The amount of time the average First National Bank customer spends in a branch will fall to 86 minutes in 2016, from 100 minutes in 2015, a decline of 14% year on year, FNB Business chief information officer Peter Alkema said

In-depth
Discovery readies its move into banking

Discovery, the health insurance administrator that has sold nine out of every 10 Apple watches in South Africa to encourage its members to exercise, has hired a team of bankers as it steps up efforts to create

News
Discovery wants to be big in Japan

Discovery, South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co and SoftBank Group to develop and introduce products for the world’s third-largest economy. Discovery’s

In-depth
Discovery tweaks Vitality Active Rewards – again

Discovery has announced a third change to the way it allocates points to members of its Vitality Active Rewards programme inside its first year. The programme, first piloted in the UK before being launched in South Africa last September, is simple

News
R1,5bn to boost SMEs

The private sector has set aside R1,5bn to help small and medium enterprises survive the tough economic climate. The announcement was made CEO of Discovery Adrian Gore during a briefing at the Union Buildings where government, labour

Editor's pick
Discovery has a world-beater on its hands

Vitality Active Rewards is a big deal for Discovery. Not only does it offer a way for the insurer to actually keep track of its members’ physical activity for the first time – thanks primarily to wearable devices – it is also a means to

News
Controversy over Discovery rewards changes

Discovery has revised the way points are rewarded for its Active Rewards programme for the second time since introducing the Apple Watch benefit in December, much to the dismay of some of its

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