Affordable housing and memorial parks group Calgro M3 says efforts to narrow its focus on getting the most out of existing developments are paying off, with profits more than tripling in its half-year to end-August.

With a backlog of 2-million families still needing affordable housing, a likely 50-100 basis points of interest-rate increases in 2022 has not moved group expectations of strong demand for the next 18 months, CEO Wikus Lategan told Business Day...

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