Our value-added statement
Distributing wealth among our stakeholders
One measure of a sustainable organisation is its ability to deliver value to its stakeholders and society more broadly. Discovery's value-added statement provides a snapshot of the revenue generated by the Group in 2020 and details how this wealth is distributed among our stakeholders.
Industry estimates by the Institute for Economic Justice are that every person in permanent employment in South Africa has an average employment multiplier effect of 6.9 and average income mulptipler of 1.68*. This implies that Discovery’s 10 753 permanent employees in South Africa create or sustain an additional 74 195.7 jobs elsewhere in the economy and generate extra income of over R15 552 million.
* Industry estimates for closed input-output income and employment multipliers for South Africa by the Institute for Economic Justice. From Schröder, E. and Storm, S., (2020). Fiscal policy in South Africa: closed input-output income and employment multipliers. Institute for Economic Justice, Research Note, No 1.
Note: The source for the multipliers provided above is based on 2018 data. Subsequent changes in the macro economy, including the impact of COVID-19, may change the magnitude of the multiplier effect.