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

2026-10-10 13:30 • The Motley Fool Positive Axe Cap view: Selective

The Vanguard Information Technology ETF (VGT) has delivered exceptional returns of 839% over the past decade with a 25.1% annualized gain, outperforming the Invesco QQQ Trust's 586% return and 21.3% annualized gain. With a low expense ratio of 0.09% and $170 billion in assets, VGT offers broad exposure to over 300 technology stocks, with top holdings in Nvidia (17.7%), Apple (15.8%), and Microsoft (11.5%), positioning investors to benefit from AI's economic impact.

Axe note: VGT’s decade-beating returns matter less if you’re focused on the rand and local opportunities.

2026-10-10 13:15 • The Motley Fool Positive Axe Cap view: Selective

AI power demand is expected to double between 2024 and 2030, reaching 945 terawatt-hours annually. This massive growth in electricity consumption presents significant investment opportunities across the power and cooling supply chain, benefiting companies that provide fuel cells, electrical components, cooling systems, turbines, and utility services.

Axe note: AI-driven power growth is a global trend, but South African investors gain most via the rand and energy-linked shares.

2026-10-10 10:16 • The Motley Fool Positive Axe Cap view: Selective

PayPal has initiated a dividend program and is aggressively returning cash to shareholders through stock buybacks, returning 70-80% of free cash flow. Despite a 79% stock decline over five years, the company maintains strong profitability. The article suggests PayPal could see strong rebound momentum from growth initiatives, efficiency improvements, and a potential acquisition within five years, as it trades at a cheap valuation of 10x expected earnings.

Axe note: PayPal’s cash returns and cheap valuation could fuel a rebound, but South African investors should watch USD/ZAR for currency risk.