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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

Prediction: TSMC Stock Will Soar After Aug. 26 Thanks to Nvidia’s Historic Quarter
2026-08-25 07:23 The Motley Fool Positive Axe Cap view: Neutral

TSMC is expected to benefit from Nvidia's strong earnings report on Aug. 26. As Nvidia's largest customer (accounting for over 20% of TSMC's revenue), Nvidia's robust order book, new chip generation launches, and potential 15% price hikes should drive TSMC's growth. Analysts project TSMC's EPS could reach $47.75 by 2030, potentially pushing the stock to $1,150 (182% upside from current levels).

Axe note: TSMC’s growth tied to Nvidia’s boom may not translate into clear gains for JSE investors or the rand.

Reddit's CFO Just Disposed of 10,319 Shares. Here's What Long-Term Investors Should Know
2026-08-25 07:16 The Motley Fool Neutral Axe Cap view: Neutral

Reddit's CFO Andrew Vollero sold 10,319 shares worth $1.6 million on August 20 to cover tax obligations from a vesting event. This non-discretionary sale reduced his holdings by 4%, though he retains $35.16 million in direct equity. The company expects $140-155 million in stock-based compensation expenses in Q3 as older grants vest at higher prices. Reddit's operating cash flow exceeded $1 billion on a trailing basis, and the company spent $235 million on buybacks last quarter.

Axe note: A routine share sale by Reddit's CFO signals no alarm, but caution remains amid recent stock weakness.

Reddit's COO Reported a Disposition and Still Holds More Than 1 Million Shares. Here's What to Know
2026-08-25 07:10 The Motley Fool Neutral Axe Cap view: Selective

Reddit's COO Jennifer Wong sold 38,113 shares worth $5.8 million to satisfy tax withholding obligations on vested restricted stock units, while maintaining a direct holding of over 1 million shares valued at $152.15 million. Despite strong advertising growth of 64% last quarter, Reddit's stock fell 21% after earnings as growth rates decelerate and the company faces pressure to extract more revenue per user.

Axe note: Despite a sizable share sale to cover tax obligations, Reddit’s COO keeps a strong stake, but slowing growth clouds the outlook.

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