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Mediclinic News : DISCOVERY CEO: COVID-19 HAS STRENGTHENED OUR BUSINESS CASE AND MADE NHI LESS ATTAINABLE

Title

DISCOVERY CEO: COVID-19 HAS STRENGTHENED OUR BUSINESS CASE AND MADE NHI LESS ATTAINABLE

Date

2020-09-17

Link

discovery-ceo-covid-19-has-strengthened-our-business-case-and-made-nhi-less-attainable-20200917

News Description

FIN24 Discovery’s ownership of a life insurance business, a medical aid scheme and a bank at the same time could have had disastrous outcomes in the company’s financial year ended on 30 June had death claims, lapses and hospital admissions spiked. If the company’s relatively new banking operations had an aggressive lending book, or if tis customers were not consciously trying stay with good credit score, credit impairments would added more woes.
Created at 2020/09/22 08:11 AM by Mediclinic
Last modified at 2020/09/22 08:11 AM by Mediclinic