Skip to content
Axe Capital logo Axe Capital Trading News

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

This Asset Class Crushed the Stock Market Last Month. Can It Continue in August?
2026-08-06 08:30 The Motley Fool Positive Axe Cap view: Selective

Commodities surged 12% in July driven by crude oil's 23% rebound amid Persian Gulf tensions, while the S&P 500 remained flat and tech stocks fell. However, the article suggests REITs may be a more reliable investment, as they've gained 14% year-to-date, outperforming the market. Lodging and data center REITs are leading the sector's recovery due to returning office workers and AI-driven data demand.

Axe note: While oil and commodities surged in July, South African REITs offer more stability and growth potential for investors.

Donald Trump's 10% Global Tariff Expired on July 24. Its Section 301 Replacement Covers 60 Countries at Rates of 10% to 12.5%.
2026-08-06 08:15 The Motley Fool Mixed Axe Cap view: Selective

A temporary 10% global tariff expired on July 24 and was immediately replaced with new Section 301 duties covering 60 trading partners at 10-12.5% rates. The shift to Section 301 provides stronger legal footing, making these tariffs far more durable and likely permanent. Import-reliant companies face ongoing margin pressure, while domestic producers gain a competitive edge.

Axe note: New Section 301 tariffs make global trade costs stickier, affecting importers and local producers differently.

Is Nvidia a Millionaire-Maker Stock?
2026-08-06 08:02 The Motley Fool Neutral Axe Cap view: Neutral

While Nvidia was historically a millionaire-maker stock for early investors, its $5.3 trillion market cap now limits future growth potential. A $10,000 investment would need the company to reach a $500 trillion valuation to become a million dollars, which is unlikely given the U.S. economy's $32 trillion annual output. Though Nvidia maintains strong 82% projected growth and a reasonable 32 P/E ratio, investors should expect slower appreciation going forward and would need six-figure investments to realistically achieve millionaire status.

Axe note: Nvidia’s scale limits outsized returns despite strong revenue growth and AI buzz.

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