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Clear market notes built around the JSE, the rand, and what matters locally.

Axe Capital Trading News shares simple market takes on the stories moving South African shares, the rand, and a handful of major currency pairs.

What you will find here:

1. JSE shares, South African companies, and the local knock-on effects of big market news.

2. The rand, interest rates, and a small group of forex pairs, with USD/ZAR at the centre.

3. Global stories only when they can actually change how a local investor might act.

Latest market stories

Elon Musk Says This Is One of the Biggest Challenges for Public Companies
2026-08-10 12:33 The Motley Fool Neutral Axe Cap view: Selective

Elon Musk highlights that the pressure to deliver strong quarterly results is a major challenge for public companies. While Tesla and SpaceX have ambitious long-term goals that attract growth investors, they also face significant volatility and risk if they fail to meet expectations. SpaceX remains highly valued despite being unprofitable, with investors pricing in future success, but both companies carry considerable downside risk if their long-term visions falter.

Axe note: Elon Musk warns that short-term results often stifle the long game for public companies like Tesla.

eBay CEO Jamie Iannone Sells 22,220 Shares for $2.4 Million Amid a Surging Share Price. Here's a Deeper Look at the Transaction.
2026-08-10 12:25 The Motley Fool Positive Axe Cap view: Selective

eBay CEO Jamie Iannone sold 22,220 shares worth $2.4 million on August 5-6, 2026, at $109.03 per share. The sale was executed under a pre-planned Rule 10b5-1 trading plan adopted in November 2025 and does not indicate a change in the CEO's outlook. Iannone retains 460,158 total shares valued at $50.68 million, maintaining significant alignment with shareholders. eBay shares have surged 19% over the past year, driven by strong Q2 performance with 15% revenue growth and the acquisition of fashion marketplace Depop.

Axe note: A planned sale by eBay’s CEO follows strong company performance and leaves his confidence intact.

3 Energy Stocks With Dividends That Have Never Been Cut
2026-08-10 12:05 The Motley Fool Positive Axe Cap view: Selective

Three energy stocks have maintained uncut dividends despite volatile oil and gas prices: Chevron has raised dividends for 39 consecutive years with a 3.8% yield, Enbridge operates a stable midstream pipeline business with 31 years of consecutive dividend increases and a 5.4% yield, and EOG Resources has never cut its dividend since going public in 1999 with a 3% forward yield and nine consecutive years of increases.

Axe note: Three US energy giants have built unshakable dividend records, offering lessons for SA dividend hunters.

What we follow

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

JSE and rand