Discovery Bank reported a nearly R1-billion loss in the year ended June 2022, though parent Discovery Group said the bank remains on track to achieve its targets.
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Major companies, including Discovery and Fidelity ADT, have banded together to save the Sigfox internet of things network in South Africa.
Discovery has announced plans to establish a new, health-focused insurance technology business called Amplify Health in partnership with AIA Group.
Naspers is considering making Covid-19 vaccines mandatory for South African staff after Discovery took the step earlier this month.
TymeBank is likely to break even in 2022. Discovery Bank, by contrast, is targeting breakeven in approximately three years’ time.
Discovery will give adult members of its Vitality behaviour change platform 2 500 points for being fully vaccinated against Covid-19 this year.
Mortality payouts almost doubled to a record for South Africa’s fourth largest insurer by market value as the coronavirus ripped through the country.
Discovery will make Covid-19 vaccinations mandatory for all staff from the start of next year, following major global companies from banks to airlines in insisting on inoculation.
AT&T, the owner of HBO and Warner Bros studios, and cable and streaming network Discovery plan to combine their media assets to create a standalone global streaming business.
Apple Pay has finally been launched in South Africa. Customers from Nedbank, Absa and Discovery Bank were on Tuesday morning able to load their bank cards into their Apple wallets.