Alec Hogg: Barry Hore’s R10bn legacy

Barry Hore's handover of the CEO role at Discovery Bank to the group's SA head Hylton Kallner (pictured above), was warmly greeted by investors. As the graph above illustrates, the financial services group's market cap rose sharply on the news.

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Investors interpret this changing of the guard as confirmation Hore's team has delivered the complex platform to enable practical implementation of the group's Shared Value strategy. Discovery believes this will change banking in the same way as its strategic concept is transforming health insurance worldwide.

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