South Africa’s Jonathan Jawno loses $32.8 million from Transaction Capital stake
His 14.09 percent stake in the company has declined in value by over $30 million, reflecting the steep decline in the company’s stock price.
His 14.09 percent stake in the company has declined in value by over $30 million, reflecting the steep decline in the company’s stock price.
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Although the recent surge boosted investor confidence, Transaction Capital shares remain down 57.28 percent year-to-date.
The move is seen as a strategic maneuver to unlock shareholder value and expand WeBuyCars’ brand presence in the competitive used-car market.
This recent uptick follows a period of steady gains for Jawno, during which his holdings in Transaction Capital rose by $7.7 million between Feb. 12 and March 18.
This substantial gain solidifies Jawno’s position as one of the wealthiest investors on the JSE.
Jawno, a founding member of Transaction Capital, holds a 9.59-percent stake in the group, amounting to 72,667,000 ordinary shares.
As a founding member of Transaction Capital, Jawno holds a 9.59-percent stake in the group, making him the second-largest shareholder.
Under the leadership of Jawno, Transaction Capital’s decision aligns with its objective to enhance shareholder value within its current portfolio.
With strategic investments in diverse sectors, Jawno’s influence extends to companies like African Phoenix Investments and Stratvest Holding,
Jawno, a founding member of Transaction Capital, owns a 9.59-percent stake in the group.
South African businessman Jonathan Jawno’s stake in Transaction Capital is now worth $18.6 million.
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
As a founding member of Transaction Capital, Jawno holds a significant 9.59-percent stake in the investment holding.
Jawno owns a significant 9.59-percent stake in Transaction Capital, or 72,667,000 ordinary shares.