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Affordable housing developer Calgro M3’s CEO, Wikus Lategan, says despite improved momentum in SA’s building industry in level one of the lockdown, the company will continue to save cash as the full economic fallout of the pandemic remains unclear.

The company on Monday reported a loss of R39m for the six months to end-August, with the initial hard lockdown halting construction activity for two months, which led to higher company costs...

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