Axe Capital Investments

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

Prediction: $1,104 Invested in Nvidia Today Will Be Worth This Much by 2030

2026-09-02 18:30 • The Motley Fool Positive Axe Cap view: Selective

Nvidia's stock has grown 25% over the past year despite dropping after each of its last five strong quarterly earnings reports. The company's valuation metrics have compressed significantly, with its price-to-sales ratio falling from a five-year average of 25.4 to 17.8. If valuations normalize and CEO Jensen Huang's forecast of 70% revenue growth in fiscal 2028 materializes, five shares purchased today at $1,104 could be worth approximately $2,681 by 2030.

Axe note: Strong AI-driven growth in Nvidia could reshape tech markets, but South African investors should watch currency and local tech proxies closely.

Chevron Just Committed $7 Billion to Venezuela. Here's What It Means for CVX Stock.

2026-09-02 18:19 • The Motley Fool Positive Axe Cap view: Selective

Chevron announced a $7 billion investment in Venezuela through 2031 to double oil production to nearly 600,000 barrels per day, following the Trump administration's landmark oil agreement with the country. The expansion focuses on low-cost extraction at $20 per barrel in the Orinoco Belt, representing a strategic opportunity to strengthen Chevron's production portfolio without overextending its capital budget, though political risks remain.

Axe note: Chevron’s $7 billion push to ramp up Venezuelan oil signals opportunity — but with local caution flags.

Nvidia Did the Heavy Lifting for the Major Market Indexes Today

2026-09-02 18:19 • The Motley Fool Positive Axe Cap view: Selective

Major market indexes rose modestly by 0.4% on Wednesday, with Nvidia and Meta Platforms driving nearly all gains. Nvidia jumped 3.8% to $225.67, single-handedly contributing 0.38% to the Nasdaq Composite's gain. Without these two stocks, the Nasdaq would be down and the S&P 500 would be nearly flat. Market moves were driven by macroeconomic factors, including New York Fed President John Williams' comments on Treasury yields reflecting a strong economy driven by AI and data center investment.

Axe note: Nvidia's rally boosted US indexes, with implications for SA investors watching tech-linked stocks and USD/ZAR.

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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