24.com CEO to join Korbitec

JP Farinha

The move will see Farinha shift his focus of the past 10 years on online advertising and publishing based businesses to online transactions in the property industry. An element of his four-month hand-over process will be the identification and appointment of a suitable replacement.

Comments Farinha: "This decision was an extremely difficult one to make. I am grateful for the support that both Naspers and Media24 have offered me and I look forward to the new challenges that lie ahead. Since I will still be a part of the group once I leave my current position, my relationship with 24.com will continue and I look forward to watching it become an even greater success."

Centred on News24.com, 24.com is a network of digital publishing brands and online services which includes The SpaceStation and various services for user-generated content, such as MyNews24 and Letterdash, as well as networking tools such as Blueworld and Answerit.

Korbitec/Property24 offers document automation, workflow, communication and property intelligence services to the various participants and other third parties. These services facilitate and are associated with the transfer of property from seller to buyer, from the time a seller is interested in selling a property and a buyer is willing to buy the property via an offer to purchase, through to the time that the property is registered in the buyer's name at the Deeds Office. In excess of 80% of residential property transfers in South Africa are processed through Korbitec's platform.

For more:

• Bizcommunity Press Office - 24.com: JP Farinha to move to Korbitec