Business Report highlighted that Calgro M3 Holdings maintains its new business venture focusing on the development of private memorial parks would de-risk the group from its dependence on power utilities for the provision of power. Ben Pierre Malherbe, the chief executive said the memorial parks project was founded on the principle of using group owned land parcels not suitable for residential development and was currently in the pilot phase of development.Mr Malherbe added that this model was viewed as a complementary business to Calgro M3’s existing business model and would not detract Calgro M3 from the company’s core business of property development.

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