A WEE DRAM
CHRIS GILMOUR: Innovative Discovery looks to be in rude health
A Discovery results report-back is an event to savour. CEO Adrian Gore is a master at presenting, takes consummate care with his content and message and is probably SA’s best corporate entrepreneur. In the 1990s, Gore and his team hit on the idea of transforming traditional medical aids. Their business has metamorphosed into one of the leading financial services providers in the country. He makes the point that is at the heart of the Discovery strategy — the group does not acquire companies. It rather carefully nurtures nascent ideas and, over time, allows them to blossom into mature and profitable businesses. The latest and logical step in Discovery’s evolution is the establishment of a full-service bank, said to open its doors by the second quarter of 2018. If Discovery can apply the tried-and-tested disruptive methodology that has worked so well in health, insurance and investment to the banking sector, the chiefs of existing South African banking institutions will be having slee...
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