THE G SPOT
Calgro’s back from the brink
Four years after a near-death experience, the housing developer and memorial parks owner has returned to investors’ radar with a bumper profit
18 May 2023 - 05:00
It’s four years since affordable housing developer and memorial parks company Calgro M3 cratered, racked by setbacks at its two main development sites. It slumped to a loss and investors fled. This week the company reported its highest profit and its debt at a 10-year low. But its share price remains at a third of NAV. The FM spoke to CEO Wikus Lategan.
Could Calgro have fallen over in 2019?..
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