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Calgro M3 is the developer of choice in selected markets through the consistent delivery of homes, rental units and memorial parks of the highest quality.

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OZI Africa: Marked the Smartbucks 2018 financial literacy programme launch

Johannesburg, 16 May 2018 - Financial literacy is one of the most important skills a young person needs to learn. This philosophy is at the heart of the Smartbucks financial literacy programme, which ensures that greater emphasis is put on this life skill, allowing high school learners to emerge with greater financial acumen. According to the Organisation for Economic Cooperation and Development, in an international study of 30 countries, South Africa performed the worst in…

Effective strategy and variable operating model ensure Calgro M3 successfully navigates taxing economic climate

Highlights

  • Core headline earnings increased by 6.97% to 143.47 cents per share (“cps”)
  • Combined revenue increased by 16.71% to R2.3 billion
  • First international funding of R387 million (€25 million) raised
  • Level 1 B-BBEE contributor
  • Memorial Parks contributed 5.14% of Group profit after tax
  • Property Development and Memorial Parks Project pipeline of R27.5 billion

Johannesburg, 14 May 2018– Today Calgro M3, the JSE-listed property and property-related investment company, released its…

Turnkey developer Calgro M3 secures €25m (ZAR 387m)unsecured funding from international development finance institution Proparco

Johannesburg, 25 October 2017– JSE-listed property developer Calgro M3 Holdings Limited (“Calgro M3”), together with Proparco,today announced further information pertaining to securing its first international funding, a facility for ZAR 387 million (equivalent to €25 million), on an unsecured basis for a period of six years. It is the intention of the Group to secure all international funding in South African Rands and not to be exposed to any foreign exchange risk on this facility.…

Diversification delivers results for Calgro M3 as revenue shows growth

Johannesburg, 16 October 2017 – Listed property developer Calgro M3 Holdings Limited ("Calgro M3") today released its interim results for the six months ended 31 August 2017. The Group, which is focused on large-scale integrated developments, real estate investments (rental units) and the development and establishment of private memorial parks, reported a pleasing increase in revenue of 40.24% to R1.0 billion, up from R720 million in the previous period.

Wikus Lategan, CEO of Calgro…

Turnkey developer Calgro M3 implements further water-saving initiatives

13 September 2017, Johannesburg - Recognising the increasing negative effects of climate change and cognisant of the fact that South Africa is a water-scarce country, JSE-listed turnkey residential developer Calgro M3 has implemented several further initiatives to improve water consumption. This includes measures for the post-construction phase to offset water consumed during construction, thereby producing a "water neutral" product.

One such measure is a device called "Save a Flush" by Dry Planet SA (Pty) Ltd,…