Calgro M3

South African property development company, Calgro M3 Holdings Ltd, specialises in low cost, mixed use residential developments. Catering predominantly for low-income groups, one might think that Calgro is necessarily restricted to low profit margins. Yet, by employing a cost management strategy that runs through the whole business, the company’s profits have increased every year since 2011 and its share price has gone up by 4900% since June 2010, making it the best performing stock on the Johannesburg Stock Exchange. Here,