Standard Bank selling 2% of Discovery’s stock for a client
Standard Bank is selling over R1-billion of Discovery shares for an unnamed client.
Discovery Holdings
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Discovery profit down
Discovery Holdings, South Africa’s largest health insurer, posted a 16% drop in first-half earnings on Tuesday.
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Discovery first-half profit up
Discovery Holdings forecast further growth after reporting a rise in first-half profit on Wednesday.
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FirstRand plans to cut stake in Discovery
South African banking group FirstRand plans to reduce its stake in health insurer Discovery Holdings, giving its shareholders a direct stake in the company, it said on Tuesday. The unbundling, for which FirstRand will seek shareholder approval, will improve Discovery shares’ liquidity on the Johannesburg bourse.
