Home builder Calgro M3 has become the latest victim of social unrest, saying protests and land invasions had cost it the equivalent of about a quarter of its interim revenue and caused it to plunge into a loss.

The company, which develops housing and manages memorial parks, had to repair its sites and upgrade its security at a cost of R120m.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.