South African tycoon Adrian Gore’s Discovery Bank targets nearly $180 million profit
Discovery Bank eyes 2 million clients and R3 billion ($173 million) profit by 2029 with strong loan growth and new products.
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Discovery Bank eyes 2 million clients and R3 billion ($173 million) profit by 2029 with strong loan growth and new products.
Discovery co-founder Adrian Gore set to receive $5.3 million in dividends as insurer posts strong 2025 results.
Discovery, led by Adrian Gore, posts $545 million profit in FY 2025, driven by growth in health, life, and Vitality businesses.
Discovery co-founder Adrian Gore sees $21 million erased from his stake as JSE market pressures mount.
Eskom sues to block trading licenses issued to Discovery Green and others, warning of grid risks and unfair energy market competition.
Over the past 16 days, the market value of his stake has increased by $34.74 million, propelling the market value of his stake above the $600-million mark.
This marks the first time wheeled electricity, energy generated from remote wind and solar farms and delivered via the grid, has been made accessible to businesses of all sizes.
The surge follows a strong rally in Discovery’s share price on the Johannesburg Stock Exchange (JSE).
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
The company paid out R11.5 billion ($593 million) in benefits, with wellness incentives and living benefits surpassing traditional death claims for the first time.
The steady rise in Adrian Gore’s stake reflects growing investor confidence in Discovery.
The solid performance came despite a tough economic climate, driven by growth in its core businesses, customer acquisition, and steady global expansion.
The rebound follows a $22.6 million decline in his stake between January 7 and 19.
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.
Discovery CEO and Co-founder Adrian Gore’s 2024 compensation package comprises a secure base pay of $448,843 and a performance-based short-term incentive of $565,687.
Royal Bank of Canada acquires a 5.0146% stake in Discovery, signaling confidence in South Africa’s financial services and insurance sector.