Thursday, 3 September 2026

Discovery’s normalised operating profit rose 17%; Discovery Bank made R370 million and Adrian Gore expects it could reach R3 billion profit by 2029.

The Health Funders Association proposed phased mandatory medical-aid membership for higher earners, saying an additional nine million members could reduce contributions by 30%.

Impala Platinum’s headline earnings surged from about R700 million to nearly R23 billion, enabling almost R17 billion in dividends, while production is expected to remain broadly flat.

Santam paid R12 billion in claims in six months, including R1.5 billion from weather and fire catastrophes, and aims for more than 30% of business offshore by 2030.

Investment experts advised judging fund managers over five to 10 years, focusing on team, process, succession and consistency rather than recent performance or star individuals.