In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), the following dealing in securities by a director should be noted:

Calgro M3, which develops affordable housing with the government, sees group revenue rise 25.7% to R720m in the interim period to August.

A R6.2 billion new Gauteng housing project – the Leratong City integrated nodal development – is set to get under way in Leratong, Mogale City in a joint development by McCormick Property Development, Calgro M3 and Sasuka Logistics Services.

Hybrid property developer and construction company Calgro M3, now bigger than Aveng, continues to shine in an industry few investors are willing to bet their money on.

In a first for South Africa, Calgro M3 is soon to launch a subsidiary that will operate completely off the national electricity grid, by generating its own renewable energy to run all aspects of the business, including that subsidiary’s administration office.

There is now more statistical and research information in respect of lower income earners available, enabling the banks to better assess their risk. This represent significant opportunity in quality low-cost housing for the private sector and the partly-subsidised Social Housing category