South African multimillionaire businessman and leading executive Jonathan Jawno has seen the market value of his stake in Transaction Capital increase by a single-digit percentage, leading to a R245.6-million ($15.8 million) gain for the executive in the past 12 days.
Transaction Capital is a South Africa-based financial services group specializing in asset-backed lending and niche risk services in South Africa. It operates as a non-deposit-taking financial services company with active operations in South Africa and Australia.
Jawno, who is a founding member and an executive director in the group, controls a substantial 10.08-percent stake in the investment holding, which amounts to 72,667,000 ordinary shares.
His stake in the group makes him the second-largest shareholder behind Africa’s largest fund manager, Public Investment Corporation.
As of this morning, Jan. 12, shares in Transaction Capital on the Johannesburg Stock Exchange were trading at a price of R48.41 ($3.12). This is 3.33-percent higher than their opening price on Tues., Jan. 11.
At the current price, the market capitalization of the South Africa-based financial services group is estimated at R34.91 billion ($2.25 billion), while Jawno’s stake is valued at R3.52 billion ($226.72 million), making him one of the wealthiest investors on the local bourse.
Since the start of 2022, shares in the leading lender have increased from a share price of R45.03 ($2.902) on Dec. 31, 2021 to R48.41 ($3.12) on Jan. 12. This translates to a 7.51-percent gain for shareholders.
As a result of the price bump, the market value of the executive’s stake has risen from R3.27 billion ($210.89 million) 12 days ago to R3.52 billion ($226.72 million) as of the time of the drafting of this report. This led to a R245.6-million ($15.8 million) gain for the multimillionaire.