Discovery and Cathie Wood’s ARK Invest align; Ping An central to growth strategy – Adrian Gore 

Founder of Discovery Adrian Gore gives an in-depth insight to the growth avenues the insurance giant is pursuing. Its core business units remain Discovery Health and Discovery Insure, but the business is leveraging its loyal client base to expand into other avenues of growth. Discovery Bank, although currently loss-making, is growing rapidly. The bank’s performance will be monitored closely by investors, given that the majority of expansionary capital expenditure is going towards building that business unit. Cathie Wood’s ARK Invest recently invested more than R600m into Discovery, with Gore outlining the alignment in strategy with regard to technological advancements in each business unit’s models to create increased efficiencies. Gore says Ping An, of which Discovery has a 25% stake, is still central to its growth strategy despite ominous signals by the regulatory authorities in China.  Learn more about your ad choices. Visit megaphone.fm/adchoices