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Discovery Limited

#2345

Rank

$6.53B

Marketcap

ZA South Africa

Country

Discovery Limited
Leadership team

Mr. Adrian Gore ASA, B.Sc., BSc (Hons), FASSA, FFA (Founder, Group Chief Exec. & Exec. Director)

Mr. Deon Marius Viljoen B.Com., BCom (Hons), C.A., CA (SA) (Group CFO, Financial Director, Debt Officer & Exec. Director)

Mr. Barry Swartzberg ASA, B.Sc., BSc, CFP, CFP, FASSA, FFA (Exec. Director)

Products/ Services
Health Care, Health Insurance, Insurance, Wellness
Headquarters
Johannesburg, NA - South Africa, South Africa
Established
1992
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
DSY.JO
Social Media
Overview
Location
Summary
Discovery Limited provides various insurance products and services primarily in South Africa and the United Kingdom. It operates through Health South Africa, Life South Africa, Invest South Africa, Vitality South Africa, Insure South Africa, Bank South Africa, Health United Kingdom, Life United Kingdom, and All Other segments. The company offers health, life, car, and home insurance products; motor, building, household content, and portable possessions insurance products; private medical insurance products; and commercial short-term risk insurance products. It also provides managed care services; financial solutions; investment products; retail banking solutions, including deposits and loans and advances; and Vitality, which offers health and lifestyle benefits. The company was formerly known as Discovery Holdings Limited and changed its name to Discovery Limited in December 2012. Discovery Limited was incorporated in 1992 and is based in Sandton, South Africa.
History

Discovery Limited was founded in 1992 by Adrian Gore and Barry Swartzberg. In the same year, RMB Holdings acquired a stake in the business by making Discovery Limited its subsidiary through Momentum Group . In 1998, the Momentum Group became part of First Rand after the merger of the financial services interests of Anglo American Corporation of South Africa Limited and RMBH to achieve the objective of a unified financial services grouping. With First Rand Group owning 75 percent of Discovery Limited.Discovery Limited was successfully listed on the JSE in October 1999 through a successful initial public offering. During the year, First Rand Group reduced its stake in Discovery Limited to 64 percent. In 2003, Momentum Group Limited transferred its investment in Discovery Limited to FirstRand Limited for R740 million. In November 2007, FirstRand unbundled all of its entire shareholding in Discovery Limited and allotted the shares of Discovery Limited to its shareholders. This led to RMBH receiving a 25 percent direct stake in Discovery Limited, making it the single largest shareholder.On 7 March 2011, RMBH, Remgro, and FirstRand spun off their insurance assets to Rand Merchant Insurance Holdings and separately listed it on the JSE. This restructure led to the transfer of RMBH's entire stake in Discovery Limited to RMI Holdings.

In September 2015, Discovery Limited announced its intention to set up a retail banking subsidiary with an initial $150 million investment.In March 2019, Discovery Limited launched Discovery Bank, the world's first behavioural bank.

Mission
Discovery Limited aims to be the leading global provider of entertainment, information and communication content. It is dedicated to creating, curating and delivering access to the best content for our consumers and partners across the globe.
Vision
Discovery Limited envisions a world where everyone has access to the content they love, no matter where they are or what device they use. We challenge ourselves to make our content more accessible, engaging and relevant to customers, wherever and however they choose to view it.
Key Team

Mr. Neville S. Koopowitz B.Com., BCom, CFP (CEO of Vitality UK & Exec. Director)

Mr. Alan Pollard B.Sc., BSc (Hons), FASSA, FIA (Exec. Director)

Mr. Hylton D. Kallner BEconSc, FASSA, FFA (CEO of Discovery's South African Operations & Exec. Director)

Dr. Ayanda Ntsaluba FCOG (SA), M.Sc., MBChB, MSc (Lond) (Exec. Director)

Mr. Derek Wilcocks B.Econ.Sc, B.Sc (Group Chief Information Officer)

David Danilowitz (Head of Investor Relations)

Mr. Khalik Mayet (Head of Legal Services)

Recognition and Awards
Discovery Limited has won a number of awards for its cutting-edge content and innovation. Recent awards include UK Entertainment Company of the Year at the British Media Awards, Best UK Production Company at the Edinburgh International Television Festival, and Best Digital Media Company at the London Web Awards.
References
Discovery Limited
Leadership team

Mr. Adrian Gore ASA, B.Sc., BSc (Hons), FASSA, FFA (Founder, Group Chief Exec. & Exec. Director)

Mr. Deon Marius Viljoen B.Com., BCom (Hons), C.A., CA (SA) (Group CFO, Financial Director, Debt Officer & Exec. Director)

Mr. Barry Swartzberg ASA, B.Sc., BSc, CFP, CFP, FASSA, FFA (Exec. Director)

Products/ Services
Health Care, Health Insurance, Insurance, Wellness
Headquarters
Johannesburg, NA - South Africa, South Africa
Established
1992
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
DSY.JO
Social Media