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, Calgro’s group financial manager, Kevin Eidelman, shares some of the secrets of the company’s cost management success.
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Calgro M3
Dec 25, 2022 · 1.9 MB Download
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File name: cost-transformation-ke-calgro.pdf
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