Discovery earnings growth strengthened in its latest financial year as investments in banking, health and international operations increasingly translated into profit and cash generation. The group reported a 17% increase in normalised operating profit to R17.75 billion. Cash conversion reached 85%, while the full-year dividend increased 33% to 384 cents per share. Discovery’s share price has also reflected growing investor…
Tag: Healthcare Technology
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Huawei AI In Healthcare Drives Global Clinical Innovation
Chinese technology giant Huawei is intensifying its investment in Huawei AI in Healthcare, positioning its new tools as “transformative” solutions for the sector. The company, already a major player in South Africa’s energy and banking industries, has identified healthcare as a priority area for growth and service modernisation. In its domestic market, the “AI+ healthcare” initiative is applying artificial intelligence…
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Discovery Vitality Results Show Surge In Global Profitability
Discovery has reported a significant boost in its latest financial period. The group’s strategy to unify its Vitality composite onto a single platform is yielding impressive returns. These Discovery Vitality results highlight a 41% increase in normalised profit for the composite. This figure reached R2.1 billion for the six months ending December. In a strategic move during 2024, the Discovery…
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Life Healthcare Digital Strategy: Human Care Remains Key
As the global medical sector races toward automation and artificial intelligence, the head of one of South Africa’s largest private hospital groups has issued a poignant reminder. Technology cannot replace the nurse at the bedside. However, a well-defined Life Healthcare digital strategy aims to integrate technology without losing the human touch. Peter Wharton-Hood, CEO of Life Healthcare, emphasised this philosophy…
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Microneedle Eyedrop Delivery System an alternative to eyedrops
A pioneering microneedle patch, designed to dissolve upon contact with the eye, could soon replace inefficient traditional eye drops. Developed by a researcher at the University of the Witwatersrand (Wits), this innovative microneedle eyedrop delivery system holds the potential to revolutionise treatment for millions facing vision loss. This is particularly impactful in underserved communities across Africa. The invention is the…