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Homes Memorial Parks REIT

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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Weekend Argus: Starting them young on financial literacy

Cape Town, 26 May 2018 - FINANCIAL literacy is one of the most important skills that 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 had performed…

Sandton Chronicle: Ka-ching... these kids now know how

Johannesburg, 16 May 2018 - A financial literacy programme to help under privileged youths save money was celebrated for its success at an event in Sandton on 16 May. The Smartbucks programme, created by Primestars, has two movies that introduce school children to the basics of managing debt and savings, and spending wisely. The programme is presented to youngsters from Grade 9 to 12 at Ster-Kinekor theatres across the country. Each Saturday from 5 May…

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.…