Investors in Calgro M3 will have to wait a few years before the fast growing housing company considers dividends, as it continues to expand aggressively. Some investors expected Calgro, which listed a decade ago, to begin paying out in line with various property companies on the JSE. Regular income payouts suit many pension-fund investors who buy property and related stocks. But Wikus Lategan, who became CEO in March 2017, said his shareholders were better positioned to be rewarded with capital growth instead of dividends from the company. Calgro invested in a joint venture with real estate investment trust, SA Corporate Real Estate in 2017. It also made progress with a business that develops and runs the amenities for memorial parks.

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