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property24.com

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About Property24

Property24 is a property search portal that lists houses, flats, vacant land, and farms from South Africa's real estate agents.

Property24 Headquarter Location

Great Westerford, 240 Main Road Rondebosch

Cape Town,

South Africa

+27 (0)861 111 724

Latest Property24 News

Naspers to Lay off Some 500 Workers

Jul 13, 2020

Prosus and Property24 parent company expected to close down several print titles in South Africa 13 July 2020 Naspers is to cut staff numbers at its print media titles by 500 according to reports coming from South Africa. The company’s media division, Media24, is set to close down some print titles in the face of poor circulation. Although leading South African property portal Property24 is managed by Media24, its employees are not thought to be affected by the cuts. Naspers, which also owns and runs OLX through its international internet division Prosus, announced solid yearly results back at the end of March with Prosus, in particular, driving the company forward with revenues having grown 23% to $21 billion. The press release from March makes mention of several other strategies and divisions of the conglomerate, notably its food delivery and its efforts to help tech entrepreneurs, but does not mention anything about the company’s print press assets which until recently had been Naspers’ bread and butter with the company having established itself in 1915 as a publishing company.

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