Jonathan Jawno, a South African multimillionaire, has strengthened his position among the country’s top business executives, with his 14.09 percent share in Transaction Capital increasing by $4.01 million in the last 28 days.
Transaction Capital’s shares rose 26.67 percent, from R2.4 ($0.136) on September 23 to R3.04 ($0.173). Jawno’s family trust, Pilatucom, saw its holdings increase from R265.2 million ($15.05 million) to R335.92 million ($19.07 million).
Jawno, a co-founder of the financial services firm, owns Pilatucom alongside Michael Mendelowitz and Roberto Rossi. The position has benefited from the current stock gain, which represents a significant rebound for the company in an uncertain market situation.
Despite a recent spike in market confidence, Transaction Capital shares are still down 57.28 percent year to date. A $100,000 investment at the beginning of the year would now be worth only $42,718.
The company has taken steps to restructure operations, including the sale of non-core assets such as Nutun Holdings to Q Link Holdings for up to R510 million ($28.2 million). Transaction Capital remains focused on asset-backed lending and risk management in South Africa and Australia.
Jonathan Jawno has transformed Transaction Capital from a niche lender to a global finance powerhouse, driving growth in South Africa. Since co-founding the company in 2002, he has helped it grow from an asset-backed lender to a reputable financial services provider.
Jawno’s fortune is increasing as the company’s market capitalization returns to $140 million, demonstrating increased investor confidence and consolidating his position as a key figure in South Africa’s corporate environment.
