Residential and memorial parks developer, Calgro M3, won't be planning any new developments in KwaZulu-Natal. It is actively trading out of the province because of the so-called construction mafia. | News24_Business
This Calgro M3 Bridge City development in KwaMashu has 356 residential units that are near completion. The company is looking to sell them because of the construction mafia.JSE-listed residential property developer Calgro M3 is pulling out of KwaZulu-Natal and is looking to trade out of two projects it had already started because of the notorious The firm, which also develops memorial parks, says the lives of its employees are constantly being threatened.
"You get so close to AK47s. You get demands. You get life threats on site managers. It's just not the environment you'd like to work in," said Calgro CEO Wikus Lategan.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Calgro M3 eyes R15.9bn revenue from residential salesThe company has a development pipeline of about 24,000 housing units for the next five years
Read more »
WATCH: CEO Wikus Lategan on Calgro M3’s double-digit growthBusiness Day TV speaks to Lategan about Calgro M3’s latest earning report
Read more »
Calgro M3’s headline earnings jump nearly a thirdThe housing and memorial parks developer noted an uptick in its residential property development segment but memorial parks suffered a setback
Read more »
Living in darkness: Poverty and pollution in oil-rich Congo | Fin24Behind their homes is an oil pipeline and above them are high-voltage cables suspended between pylons. A little further off is a flare tower, burning off excess gas 24 hours a day. | News24_Business
Read more »
ESKOM LIVE | More load shedding planned until Wednesday | Fin24All the latest news and analysis on load shedding, power and the national grid
Read more »
Satawu rejects CCMA's proposed settlement offer with Transnet | Fin24Workers from the SA Transport and Allied Workers Union have rejected the Commission of Conciliation Mediation and Arbitration (CCMA)'s recommendations to try and solve its wage dispute with Transnet. | News24_Business
Read more »