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Discovery Ltd
JSE:DSY

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Discovery Ltd
JSE:DSY
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Price: 19 810 Zac 0.32% Market Closed
Market Cap: 132.9B Zac
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Discovery Ltd
Investor Relations

Discovery Ltd., a vibrant player in the financial services and health insurance sectors, was birthed from the innovative landscape of South Africa. Founded in 1992 by Adrian Gore, the company had a simple yet revolutionary idea: align its growth with the well-being of its clients. This was the genesis of its flagship product, Vitality, a wellness program that encourages policyholders to lead healthier lives. By leveraging behavioral economics, Discovery Ltd. created a unique model where engaging in healthier activities rewards customers with lower premiums and various incentives. This approach catapulted them to the forefront of their field, as it not only improved client health outcomes but also reduced insurance claims, benefiting both the company and its clients.

In a world teeming with traditional insurance models, Discovery Ltd. stands out by innovatively intertwining health and financial services. As the business expanded, it forged its path into international markets, tailoring its innovative products to resonate with local cultures and needs. Profits emerge from a blend of premiums, investment returns, and service fees from its robust Financial Services division. Alongside Vitality, Discovery Bank, and Discovery Insure, they have cultivated diverse revenue streams. These ventures are underpinned by cutting-edge technology and data analytics, enabling the company to predict trends, personalize services, and manage risk astutely. Discovery Ltd.'s ability to turn health into wealth demonstrates a nuanced understanding of global health and financial ecosystems, where mutual benefit and innovation form the core of its successful business model.

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Management

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

Adrian Gore is a renowned South African entrepreneur and business executive, best known as the founder and Group Chief Executive of Discovery Limited, a leading global financial services organization. Born in South Africa, Gore holds several academic and professional qualifications, including a Bachelor of Science degree (B.Sc.) from the University of the Witwatersrand and a postgraduate degree with honors (BSc Hons). He is also an accredited actuary, being a Fellow of the Actuarial Society of South Africa (FASSA) and the Institute and Faculty of Actuaries (FFA) in the UK. In 1992, Gore founded Discovery Ltd with the vision of making people healthier and enhancing and protecting their lives. Under his leadership, Discovery introduced the Vitality wellness program, which became a core part of its innovative business model, incentivizing healthy living and revolutionizing health insurance. This approach helped Discovery expand globally, establishing a presence in countries such as the United Kingdom, the United States, and China. Adrian Gore's leadership and vision have earned him numerous accolades, including being recognized as one of the most influential leaders in healthcare and financial services. He is an advocate for shared-value insurance models, which aim to align the interests of the insurer, the insured, and society at large. Beyond his role at Discovery, Gore is active in various community and business initiatives, including serving on boards and participating in philanthropic activities aimed at promoting health and education. His work has made significant contributions to transforming the insurance industry and promoting healthier lifestyles worldwide.

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

Deon Marius Viljoen is a well-regarded executive in the financial sector, known for his extensive expertise and leadership capabilities. He holds a Bachelor of Commerce and a Bachelor of Commerce with Honors, along with being a Chartered Accountant in South Africa (CA(SA)). Viljoen is most noted for his role at Discovery Ltd, where he serves as a key figure in the company. Discovery Ltd is a prominent financial services group based in South Africa, widely recognized for its innovative approach to health insurance and wellness programs. In his capacity, Viljoen has been instrumental in steering financial strategies and ensuring robust financial performance, which has been crucial for Discovery's growth and stability in the competitive market. Before joining Discovery Ltd, Deon Viljoen amassed significant experience in the financial sector. He spent a considerable part of his career at Alexander Forbes Group Holdings Limited, another major player in the financial services industry, where he held various senior positions, including being the Group Chief Financial Officer. His leadership and strategic insight were pivotal during his tenure, contributing to the company's financial health and strategic initiatives. Viljoen's career is distinguished by his deep understanding of financial management and strategy, his Chartered Accountant qualification underpinning his expertise in these areas. His professional journey is marked by successful stints at leading financial firms, solidifying his reputation as a competent and strategic leader in the field.

Mr. Barry Swartzberg ASA, B.Sc., CFP, FASSA, FFA
Executive Director

Barry Swartzberg is a notable figure in the insurance and finance industry, primarily recognized for his role in the founding and leadership of Discovery Ltd., a South African financial services group best known for its innovative approach to health insurance and wellness. As one of the co-founders, Barry Swartzberg played a crucial part in the company's development and success. He holds multiple professional designations, such as Associate of the Society of Actuaries (ASA), Certified Financial Planner (CFP), Fellow of the Actuarial Society of South Africa (FASSA), and Fellow of the Faculty of Actuaries (FFA). These credentials highlight his expertise in actuarial science and financial planning, which have been instrumental in his career. At Discovery Ltd., Swartzberg has held several key positions, including executive roles where he contributed to the strategic direction and growth of the company. His work with Discovery Ltd. includes developing innovative insurance products and services that emphasize wellness and prevention, aligning with Discovery's broader mission to improve health and reduce insurance costs. Beyond his direct work with Discovery, Barry Swartzberg's influence extends through his involvement in various industry and professional organizations, where he contributes his expertise to advance the field of insurance and financial planning. His leadership and innovative thinking continue to be integral to Discovery's reputation as a leader in health insurance and financial services.

Mr. Neville S. Koopowitz B.Com., CFP
CEO of Vitality UK

Neville S. Koopowitz is a notable executive known for his extensive work with Discovery Ltd, a South African-based financial services group that specializes in insurance and financial services. He holds a Bachelor of Commerce (B.Com.) degree and is a Certified Financial Planner (CFP). Koopowitz is recognized for his role in the development and expansion of Discovery’s product offerings and its innovative approach to health insurance and wellness. Throughout his tenure at Discovery, Koopowitz has contributed significantly to the company's growth both locally and internationally. He has been involved in various leadership roles, including helping to spearhead Discovery's Vitality program, which is a health and wellness program designed to incentivize healthy behavior among its members. Koopowitz's strategic vision and emphasis on innovation have played a key role in Discovery's reputation as a leader in integrating wellness with insurance products, which has been a major factor in the company's success in the competitive insurance industry. His leadership and expertise in financial planning and services have also influenced Discovery's approach to fostering sustainable business practices focused on improving health outcomes for clients. Overall, Neville Koopowitz's contributions to Discovery Ltd. exemplify a blend of strategic leadership and an innovative approach to the insurance and financial services industry.

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

Derek Wilcocks is a notable executive associated with Discovery Ltd., a leading financial services organization based in South Africa. He holds a Bachelor of Economic Science (B.Econ.Sc) and a Bachelor of Science (B.Sc.), providing him with a strong educational foundation in economics and sciences. Wilcocks has played a significant role in various leadership capacities within the company, contributing to its growth and innovation in insurance, health, and wellness products. His expertise and strategic insights are highly regarded within the industry, where he leverages his skills to drive business development and enhance operational efficiencies at Discovery Ltd.

Mr. David Danilowitz
Head of Investor Relations

David Danilowitz has served as a senior executive at Discovery Ltd, a South African financial services group known for its pioneering work in health insurance and wellness incentives. As an instrumental part of Discovery's leadership, Danilowitz has contributed to shaping various strategies within the company, focusing on enhancing client experience and driving health-related product innovation. His work encompasses managing strategic partnerships and developing innovative solutions that endure a dynamic financial market. Danilowitz's leadership style emphasizes values-driven growth and aligning operational practices with Discovery's overarching corporate goals, including sustainability and community impact. He is recognized for his ability to lead teams towards achieving optimal performance and fostering a corporate culture aligned with the company's vision.

Mr. Khalik Mayet BA (Hons), LLB, LLM
Head of Legal Services

Khalik Mayet is a distinguished executive known for his pivotal role at Discovery Limited, a South African financial services group renowned for its innovative health insurance and financial solutions. With an academic background including a BA (Hons), LLB, and LLM, Mayet has built a solid foundation in law and business, which has significantly contributed to his professional repertoire. At Discovery Limited, Khalik Mayet has been instrumental in driving the company's strategic initiatives and legal undertakings. His expertise in legal frameworks and corporate governance has been vital in navigating complex regulatory landscapes, ensuring Discovery Ltd. remains a leader in its field. His leadership has been characterized by a commitment to fostering sustainable growth and innovation within the company, aligning with the broader mission of Discovery to enhance the health and financial security of its clients.

Felicity Hudson
Head of Media Relations
No Bio Available
Mr. Firoze Bhorat
Chief Marketing Officer

Firoze Bhorat is the Chief Marketing Officer at Discovery Ltd, a prominent financial services group based in South Africa. He holds a Bachelor of Commerce degree in Economics and a Postgraduate Diploma in Marketing Management from the University of Cape Town. With extensive experience in the financial services and investment industries, Bhorat has played a critical role in shaping Discovery's marketing strategies and brand positioning. Under his leadership, the company has successfully executed campaigns that align with its values of innovation and customer-centricity. His expertise in developing marketing and communication strategies has been instrumental in fostering the company's growth and enhancing its competitive advantage.

Zimkhitha Saungweme
Chief People Officer

Zimkhitha Saungweme is a prominent executive known for her leadership role at Discovery Ltd, a leading financial services group based in South Africa. She serves as the Chief Information Officer (CIO) of the company, where she is responsible for overseeing the technology strategy and infrastructure that support Discovery's operations and digital innovations. With a focus on leveraging technology to drive business growth and improve customer experience, Saungweme plays a pivotal role in ensuring that the company's IT framework aligns with its strategic objectives. Under her guidance, Discovery Ltd has made significant strides in digital transformation, enhancing its services across various sectors including health insurance, life insurance, and investment products. Saungweme's leadership is characterized by her commitment to innovation, efficiency, and sustainability within the IT realm. Her work contributes to maintaining Discovery Ltd's position as a leader in the integration of health, wellness, and insurance products, as well as their expansion into new markets. Saungweme's experience and expertise in technology management have made her a respected figure in the industry. She often participates in discussions and forums about the future of technology in financial services, sharing her insights on managing digital transitions in complex organizational environments. Her role at Discovery Ltd underscores her capability to transform technological challenges into strategic opportunities that benefit both the company and its customers.

Contacts

Address
GAUTENG
Sandton
1 Discovery Place
Contacts
+27115292888.0
www.discovery.co.za