Discovery Bank turns R145m loss into R230m profit

Discovery Bank turns R145m loss into R230m profit

Discovery Bank was launched in 2019 as SA’s first fully digital, wellness‑linked bank, part of the Discovery Limited ecosystem. Discovery Bank is accelerating client acquisition in South Africa, as it deepens its footprint in an increasingly competitive retail banking market. This emerged when parent company insurer Discovery yesterday published its operational update and trading statement…

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Vumatel, DFA parent company suffers R93m loss

Vumatel, DFA parent company suffers R93m loss

CIVH is the parent company of fibre network operators Vumatel and Dark Fibre Africa. Community Investment Ventures Holdings (CIVH), the parent company of fibre network operators Vumatel and Dark Fibre Africa (DFA), has posted a loss. This emerged when JSE-listed Remgro, which owns CIVH, today announced its annual financial results for the year ended 30…

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