Jonathan Jawno, a South African multimillionaire businessman and executive, has seen the market value of his stake in Transaction Capital surge over the past 19 days, as a result of the recent upswing in the group’s shares on the Johannesburg Stock Exchange.
Jawno, a prominent figure in the country’s business landscape, has experienced an increase of R102.46 million ($5.40 million) in the market value of his stake, as investors on the local bourse continue to increase their stakes in the group.
The recent surge in his fortune follows a notable value gain increase of $7.1 million he recorded between Oct. 25 and Nov. 14, when the market value of his stake in Transaction Capital surged from R356.07 million ($19.03 million) to R488.32 million ($26.09 million).
Transaction Capital shares surge 21.2 percent, boosting shareholder profits
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.
Since Nov. 20, Transaction Capital’s shares on the Johannesburg Stock Exchange have increased from R6.65 ($0.351) to R8.06 ($0.425) at the time of writing. This translates to a 21.20-percent gain for shareholders, including the affluent multi-millionaire businessman.
Jonathan Jawno’s Transaction Capital stake surges above $30 million
Jawno, a founding member of Transaction Capital, owns a 9.59-percent stake in the group. 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.
According to data tracked by Billionaires.Africa, the market value of his stake has surged from R483.24 million ($25.48 million) since Nov. 20 to R585.69 million ($30.89 million) — this translates to a R102.46-million ($5.4 million) gain for the South African businessman.