Posted on :
1 Jul, 2016
1 Jul, 2016
Discovery Limited is a South Africa-based financial services group that is listed on the Johannesburg Stock Exchange (JSE) with its headquarters in Sandton.
Discovery is a shared value insurance company whose purpose and ambition are achieved through a pioneering business model that incentivises people to be healthier, and enhances and protects their lives.
Discovery Limited was founded in 1992 by Adrian Gore. In the same year, RMB Holdings (RMBH) acquired a stake in the business by making
Discovery Limited its subsidiary through Momentum Group (now part of MMI Holdings Limited).
In 1998, the Momentum Group became part of First Rand after the merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMBH to achieve the objective of a unified financial services grouping.
With First Rand Group owning 75 percent of Discovery Limited.
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Closing date: 31 July, 2015