Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500 CapeTalk logo 2017 1500 x 1500
Best of CapeTalk
22:00 - 00:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of CapeTalk
22:00 - 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:


This article first appeared on 702 : 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

More from Business

car-agreementjpg

Wheels come off for YapYap clients (recall the 'new car for R699 a month' guy?)

23 September 2020 8:00 PM

The originator of the scheme is the man behind the 'Drive a new car for R699 a month' fiasco years back, warns Wendy Knowler.

Share this:
Read More arrow_forward

wedding-mask-couple-Covid-19-123rf

Planning a wedding? Remember booking a bigger space for less people, costs more

23 September 2020 7:42 PM

Level 1 rules helping but also hindering the wedding industry. Get cost-saving tips from Precious Thamaga (Precious the Planner).

Share this:
Read More arrow_forward

factory-production-manufacturejpg

SA economy: 'Manufacturing remains an engine of growth and must be prioritised'

23 September 2020 6:53 PM

The sector is at a tipping point. Arabile Gumede interviews Philippa Rodseth from industry body, the Manufacturing Circle.

Share this:
Read More arrow_forward

consumer-goods-groceries-shopping-slip-receipt-price-food-inflation-123rf

'Wholesale food prices are coming down. Retailers still charge lockdown prices'

23 September 2020 3:29 PM

"Retailers were quick to hike prices but slow to lower them,” says the Competition Commission. "There’s a history of this."

Share this:
Read More arrow_forward

international-travel-tourism-airport-borders-flight-destination-tourist-123rf

Long queues at Home Affairs: skip them by visiting any of these 4 bank branches

23 September 2020 11:08 AM

Need a passport? Home Affairs is now operating fully, but it’s inundated. Check this out before trying your luck.

Share this:
Read More arrow_forward

bmw-adpng

BMW pays tribute to SA fave 'Gusheshe' (325is) with limited edition 3 series

22 September 2020 8:19 PM

BMW releases an 'ode' to an iconic earlier model. The ad reflects local culture, says Sizakele Marutlulle (Marutlulle and Co).

Share this:
Read More arrow_forward

Pouring red wine from bottle into glass with wooden wine casks winemaking 123rf

Leading liquor distributor DGB (Boschendal, Douglas Green) sells majority stake

22 September 2020 7:29 PM

Capitalworks and former DGB CEO Tim Hutchinson acquire majority shareholding. Hutchinson gives details on The Money Show.

Share this:
Read More arrow_forward

Corruption money bribes 123rf

More whistleblowers report corruption during pandemic, police top the list

22 September 2020 6:43 PM

Corruption Watch has released its 2020 report on corruption trends. Arabile Gumede interviews CW's Kavisha Pillay.

Share this:
Read More arrow_forward

1500x1500-thumbnailjpg

Using data to understand the customer of the future

22 September 2020 3:54 PM

2020 has forcefully disrupted many consumers, and left traditional consumer-facing businesses having to re-assess and re-configure.

Share this:
Read More arrow_forward

Gavel of judge in law court legal 123rflegal 123rf

'Xolobeni judgment a victory for all mining affected communities across SA'

22 September 2020 1:02 PM

Secretary at Amadiba Crisis Committee Nonhle Mbuthuma

Share this:
Read More arrow_forward