Streaming issues? Report here
Aubrey Masango 1500 x 1500 2020 Aubrey Masango 1500 x 1500 2020
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Business

Hard lockdown was a brave move, on balance - Discovery CEO

16 September 2020 6:54 PM
Tags:
The Money Show
Bruce Whitfield
Adrian Gore
Discovery Group
Discovery Health
Discovery Limited
financial results
COVID-19

'I'm optimistic about the year ahead'. The Money Show's Bruce Whitfield interviews Adrian Gore (CEO, Discovery Limited).

Discovery Limited has released its results for the year ended 30 June 2020.

Along with medical aid Discovery Health the Discovery Group offers traditional insurance cover and investment services.

Most companies have been slashing and burning their costs going into this lockdown... Discovery, though, did keep investing through the lockdown on new business initiatives..

Bruce Whitfield, The Money Show host

Bruce Whitfield interviews Discovery Limited founder and Group CEO, Adrian Gore.

I think it's more about seeing opportunities in difficult times. We're building some remarkable things. I'm very excited about Discovery Bank.

Adrian Gore, Founder and Group CEO - Discovery Limited

I think the year under review shows that we are getting tremendous traction in these initiatives... We remain committed.

Adrian Gore, Founder and Group CEO - Discovery Limited

One of the things that we've done in this period is we set up a Covid provision of over R3.4 billion... We're trying to make sure we get to the other side in a very strong way.

Adrian Gore, Founder and Group CEO - Discovery Limited

At the moment we're behind, luckily... I think even if there's a second wave now, the provision should be adequate.

Adrian Gore, Founder and Group CEO - Discovery Limited

Gore describes government's decision to lock down early and hard as a brave move from the epidemiological perspective.

Regarding the economic effect, any lockdown is pretty dire he points out.

For more detail, listen to the interview on The Money Show:


16 September 2020 6:54 PM
Tags:
The Money Show
Bruce Whitfield
Adrian Gore
Discovery Group
Discovery Health
Discovery Limited
financial results
COVID-19

More from Business

South African Airways SAA 123rf 123rfbusiness

SAA bailout in the balance? BRPs put airline operations on hold

29 September 2020 7:49 PM

SAA's business rescue practitioners decide to suspend airline operations. Bruce Whitfield gets comment from the experts.

Share this:
Read More arrow_forward

9baae9ab-c2ed-4d4c-bd5c-844a058f571d.jpg

How did economy shed 2.2m jobs in Q2, but unemployment rate still fell sharply?

29 September 2020 6:46 PM

'It's an abnormal report in abnormal times'. Paul Berkowitz (CEO, Hlaziya Solutions) makes sense of Stats SA unemployment figures.

Share this:
Read More arrow_forward

Young woman holds smart phone and credit card banking 123rf 123rfbusiness

Bank fees are too high. It’s unfair! – Bettr (new app-powered 'bank')

29 September 2020 11:11 AM

"We aim to do banking differently," says Bettr cofounder Tobie van Zyl. "The traditional banking model is going to evaporate."

Share this:
Read More arrow_forward

kevin-lings-croppedjpg

I love economics. It’s part of me - Kevin Lings (Chief Economist, Stanlib)

28 September 2020 8:12 PM

Kevin Lings (Chief Economist, Stanlib) opens up about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Funky hipster retired older mature couple 123rf 123rfbusiness retirement

How to secure your retirement - Bruce Cameron (retired editor, Personal Finance)

28 September 2020 7:24 PM

Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.

Share this:
Read More arrow_forward

Small grey house wooden 123rf 123rfbusiness 123rflifestyle

All houses in South Africa can and should be built with wood – study

28 September 2020 6:49 PM

SA needs homes. Plenty of them. They can and should be constructed with wood, says Phillip Crafford (Stellenbosch University).

Share this:
Read More arrow_forward

Nomvula Mokonyane

300 days of Zondo: 'We’ve learned it’s cheap to bribe a politician'

28 September 2020 6:25 PM

For 300 days, punch-drunk South Africans have been learning just how bad corruption is in the country, says Ferial Haffajee.

Share this:
Read More arrow_forward

Sorry we closed small business 123rfbusiness 123rf

'Foreigners create work for South Africans,' says immigration lawyer

28 September 2020 1:28 PM

Lester Kiewit finds out from Stefanie de Saude-Darbandi what the proposed new law means for foreign business Gauteng townships.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Money lessons Covid-19 taught – heed them for a brighter, wealthier future

25 September 2020 10:44 AM

Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.

Share this:
Read More arrow_forward

cashless-paymentjpg

'SA cash economy about 60% of GDP, moving that to digital would be huge saving'

24 September 2020 8:39 PM

The Covid-19 pandemic's moving us towards a cashless society. Arabile Gumede interviews Ukheshe co-founder, Clayton Hayward.

Share this:
Read More arrow_forward