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Discovery is held in the BizNews share portfolio. Last week, the group reported on its results for the second half of 2020, with headline earnings per share decreasing by 10%. The share price fell a little and was trading at around R141 by the end of the week. Joining BizNews to pick up on the highlights and how Discovery has benefitted from investments in the UK and China and its shared value model is Hylton Kallner, CEO of Discovery Bank and chair of the Discovery South Africa Exco. – Jackie Cameron
Hylton Kallner on Discovery results:
I think the results reflect an incredibly robust operating performance across the group, with normalised operating profit up 19% to just over R4.5bn. I think, from our perspective, that’s really pleasing for a six month period, through the Covid pandemic – particularly compared to a six month period, which was prior to Covid. So a very robust operating performance. The model itself – at a group level – is performing well.
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app instead?
Late-comers offer cashback, but there is better value from rivals.
By Moneyweb
23 Feb 2021 00:01
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There are advantages to using both a bank rewards programme as well as a retailer one, as you will earn rewards on both. Image: Shutterstock
Capitec and Nedbank have both launched fuel rewards, making them the last of the major banks to do so.
FNB was the first of the banks to introduce rewards based on fuel purchases as part of its eBucks rewards programme in 2010. Absa and Standard Bank followed with their Absa Rewards and uCount programmes, while Discovery Bank (and its predecessor the standalone credit card) also offers rewards for fuel.