There can never be enough banks, in order to ramp up competition. Right?
There has been an announcement that the medical (and car) insurance company, Discovery is branching off into full-service banking.
Stephen spoke to Economist, Dawie Roodt who says that this offering could give other banks a run for their money and create a great initial niche for Discovery, if they charge below the average of other banks.
This article first appeared on 702 : If cheaper, Discovery bank could give other banks a hard time