South Africa: Insurer Discovery begins banking activities in May

In South Africa, the insurer Discovery plans to launch its banking business towards the end of May 2019.

This step will be the result of a total investment of 6 billion rand, equivalent to 434 million USD made by the company.

Listed on the Johannesburg Stock Exchange (JSE), Discovery Limited is a financial services group based in South Africa. He is active in the areas of short-term and long-term insurance, asset management, savings, investments and benefits through his various brands.

It should be noted that the group has subsidiaries in South Africa, the United Kingdom, the United States, China, Singapore and Australia.

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