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Top Empowerment Companies 2009

03 April 2009 Xerox. The OriginalXerox. The Original

SECTOR: Financial services

16 - Discovery





Op profit: R1,76bn (Jun 08);
Total BEE score: 70,4%;
Ownership score: 8,6;
Pref proc: 18,3

It's uncanny how Discovery has over the years been renowned for its knack of upsetting its clients, rivals and industry regulators alike. But as it turns 17 years old, Discovery's brashness is becoming a thing of the past. What the company isn't losing but re-asserting is its place in the BEE sun. In 2006 founder Adrian Gore's group sold a modest 7% stake to an empowerment bloc for R830m. This was just the beginning. In this year's survey it moves up from 26 last year. It has gone on to feature in the Top 3 of the affirmative procurement and skills development list. A R100m cheque to train 300 medical specialists by 2016 is among the most effective investments in skills development.







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