18 Oct 2022

Share

'You get so close to AK47s': JSE-listed developer ditches KZN due to construction mafia

accreditation
Londiwe Buthelezi
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
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.
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.
Calgro M3

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 construction mafia in the province.

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.

Read this for free
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Try our free 14-day trial
Already a subscriber? Sign in
Read more on:
calgro m3wikus lategankznkwamashuumhlangaconstruction mafia
heading
description
username
Show Comments ()
Rand - Dollar
18.51
+0.3%
Rand - Pound
23.23
+0.2%
Rand - Euro
19.92
-0.1%
Rand - Aus dollar
12.24
-0.4%
Rand - Yen
0.12
-0.2%
Platinum
966.20
+0.8%
Palladium
952.50
+1.5%
Gold
2,301.64
-0.1%
Silver
26.54
-0.5%
Brent Crude
83.67
+0.3%
Top 40
70,300
+0.5%
All Share
76,428
+0.5%
Resource 10
60,246
-0.2%
Industrial 25
107,200
+1.3%
Financial 15
16,554
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Partner Content
How mom and interior designer Zoie maps out her year ahead with Mac

03 May

How mom and interior designer Zoie maps out her year ahead with Mac
How to make your child’s screen time productive

03 May

How to make your child’s screen time productive
MacBook 101: A Student’s Guide to Switching to Mac

30 Apr

MacBook 101: A Student’s Guide to Switching to Mac
SMEs make up 40% of SA’s GDP— here’s how the JSE is helping them grow

29 Apr

SMEs make up 40% of SA’s GDP— here’s how the JSE is helping them grow
Find more
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders
GooglePlayLink HuaweiGalleryLink AppleStoreLink
© 2024 (3.0.24094.4) 24.com. All rights reserved.
Terms and Conditions Media24 Privacy Policy Vulnerability Disclosure
Contact us Help with my subscription
Iab Logo