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Jonathan Jawno, a South African multi-millionaire businessman and executive, has seen his investment in Transaction Capital increase in value by more than $7 million over the past 19 days as a result of a significant uptick in buying interest on the Johannesburg Stock Exchange.
According to data tracked by Billionaires.Africa, the market value of Jonathan Jawno’s stake in Transaction Capital has increased by R132.25 million ($7.10 million) since Oct. 25 as investors on the local bourse continue to increase their stakes in the financial services company.
Jonathan Jawno is Transaction Capital’s second-largest shareholder
Transaction Capital is a South African financial services group that specializes in asset-backed lending and niche risk services. It is a non-deposit financial services company with operations in South Africa and Australia.
Jawno, a founding member of Transaction Capital, owns a significant 9.59-percent stake in the investment holding. His stake which translates to 72,667,000 ordinary shares, makes him the group’s second-largest shareholder, trailing only Public Investment Corporation, Africa’s largest fund manager.
In recent times, Transaction Capital’s shares on the Johannesburg Stock Exchange have surged by 37.14 percent, climbing from R4.90 ($0.262) on Oct. 25 to R6.72 ($0.359) at the time of writing, thus leading to gains amounting to millions of dollars for its shareholders, including the affluent multi-millionaire businessman.
Jonathan Jawno’s stake in Transaction Capital is worth $26 million
As a result of the double-digit percent surge in the company’s share price, the market value of Jawno’s stake has risen by R132.25 million ($7.10 million), from R356.07 million ($19.03 million) on Oct. 25 to R488.32 million ($26.09 million) at the time of writing this report.
Due to these recent gains, the South African multi-millionaire businessman and executive has solidified his position as one of the wealthiest investors on the Johannesburg Stock Exchange.
