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

Dan Ives Says Software Stocks Just Saw Their Most Disconnected Sell-Off Since the Late 1990s. Here's Why He's Still Bullish.

2026-08-05 16:30 • The Motley Fool Positive Axe Cap view: Selective

Tech analyst Dan Ives argues that the recent sell-off in major software stocks is disconnected from business fundamentals. Despite share price declines, Microsoft, ServiceNow, and Salesforce are reporting strong revenue growth and momentum in AI-related products. While heavy AI infrastructure spending and potential competition from AI agents pose near-term headwinds, analysts maintain long-term earnings growth estimates, suggesting the sell-off presents a buying opportunity.

Axe note: Strong earnings and AI momentum contrast sharply with recent heavy selling in top software names.

2 Magnificent Industrial Stocks Down 40% to Buy and Hold Forever

2026-08-05 16:10 • The Motley Fool Positive Axe Cap view: Selective

UPS and Fluor, both trading 40% below their all-time highs, present buying opportunities for long-term value investors. UPS is stabilizing its business after pandemic-related challenges and union negotiations, with expected revenue and EPS growth returning in 2026. Fluor is shifting to less risky reimbursable contracts and benefiting from cloud, AI, and nuclear market expansion, with profitability expected to return in 2026.

Axe note: UPS and Fluor trade far below peak levels, offering value for patient global investors, though local links remain limited.

3 Midstream Stocks Quietly Compounding Dividends Every Year

2026-08-05 16:05 • The Motley Fool Positive Axe Cap view: Selective

Three midstream energy companies—Enbridge, Enterprise Products Partners, and MPLX—offer attractive dividend yields and strong compounding potential. Operating as 'energy tollbooths' with stable cash flows, these stocks have demonstrated consistent dividend/distribution growth over decades, making them suitable for passive income investors seeking long-term capital appreciation.

Axe note: Three U.S. midstream firms quietly compounding payouts offer a steady income story worth watching through the rand lens.

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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