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Comcorp was established in 1993 and began trading as a financial services business focused on bridging finance in the residential property market. In 1999 Comcorp used the technological competence it had built up in managing its finance business to develop a software business focused on mortgage origination. A decision was taken to sell the bridging finance business and focus on mortgage software. Comcorp Online (Pty) Ltd was formed for this purpose.
To date Comcorp Online has processed over 1 000 000 loan application submissions to our banking partners worth over R400bn. At present in excess of 60 000 applications are submitted monthly valued at R30bn. More than 1 500 people from 400 companies have been trained on Comcorp’s BondTrak Mortgage Software.
In 2004 Comcorp Holdings (Pty) Ltd was registered. Comcorp Holdings is used to house the various subsidiary companies of the Comcorp Group. Currently this consists of Comcorp Online and Comcorp Solutions. In January 2005 Comcorp Solutions (Pty) Ltd was formed to focus on Digital Pen and Paper Solutions. Vantage Capital Investments acquired 25.1% in Comcorp in December 2005. |
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Kwikspace is the largest and most diverse manufacturer of factory-built accommodation in Africa. The company has been building and exporting a wide variety of units for more than 30 years to many parts of Africa, South America and the Middle East, supplying customers in the private, industrial, commercial and government sectors. Kwikspace has factories in Johannesburg, Cape Town and Durban, with sales offices situated in most major cities throughout South Africa.
Vantage Capital Investments acquired 30% in Kwikspace in December 2006. In partnership with Kwikspace management, Vantage guided the company towards a successful listing on the main board of the Johannesburg Stock Exchange in November 2007. In February 2009, Vantage in partnership with ABSA Capital, successfully delisted the business. As part of the delisting transaction, Vantage acquired 44% shareholding in the privately-held entity. |