Discovery’s plan to allocate ten percent of its shares to black clients at no cost under the smoke screen of empowerment is nothing but blatant racism. In essence, Discovery’s idea to establish a new bank is a good one seeing as it will encourage competition in the banking industry. It is just a shame that..
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Like Spur, Discovery will find out that racial discrimination does not work
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White South Africans very unhappy, and rightfully so, and now they are throwing their toys over Discovery Bank’s ‘racism’
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Discovery CEO Adrian Gore announced that we’re getting a new bank in 2019. Not only will Discovery Bank be the world’s first and only behavioural bank, but it will also be branchless and give Black clients 10% equity. Gore explained:
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