Discovery launches wellness programme in Japan | Fin24
 
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Cigarettes

    The tobacco ban is a 'deal with the devil' that undermines transformation, say lobby groups.

  • Easing the Lockdown

    Liquor makers want bars to become drink-collection points when the alcohol ban lifts.

Loading...

Discovery launches wellness programme in Japan

Jul 22 2016 09:52
Justin Yang

(iStock)

Company Data

DISCOVERY LIMITED [JSE:DSY]

Last traded 99
Change 1
% Change 1
Cumulative volume 1230305
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Regulators probe possible insider trading at Discovery

Discovery CFO Richard Farber quits

Discovery UK CEO: Taking Vitality to the Brits. Sports inspired.

Discovery launches free Apple Watch initiative

Mixed views on Discovery’s Apple Watch giveaway

Discovery launches free Apple Watch initiative

 

Johannesburg - Discovery Limited [JSE:DSY] said on Thursday it will launch in Japan its behaviour tracking programme, which rewards health and life insurance clients for healthy lifestyle choices and helps track their fitness.

Discovery gave no financial details about the deal which sees it team up with life insurer Sumitomo Life Insurance and telecommunications and internet company SoftBank Group.

"The Japanese insurance market faces rising medical costs and the government is eager for initiatives that will alleviate this burden," Discovery chief executive Adrian Gore said.

Japan's aging population is grappling with the rising costs of healthcare as the Asian country struggles with the worst public debt among advanced countries due partly to rising expenditure on medical care.

Discovery is active in 11 countries, including the United Kingdom, Canada, the United States and China.

Its shares rose to a more than 2-month high of R127.39 on Thursday but later pared gains in line with most stocks on the index closing up 1.56% at R125.93.

"The market does like these expansion stories. It dilutes some of that South Africa performance into another area in the world and diversifies that income stream," said Global Trader head of trading Nilan Morar.

discovery  |  health  |  expansion
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote

Loading...