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

PayPal Now Pays a Dividend and Buys Back Billions in Stock. Where Will It Be in 5 Years?

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.

Warren Buffett Held Wells Fargo Stock for More Than 30 Years Before Selling It. Here's the Lesson for Bank Stocks.

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

Warren Buffett's Berkshire Hathaway held Wells Fargo stock for nearly 30 years starting in 1989, but exited the position in 2022 following the bank's 2016 phony accounts scandal. While CEO Charlie Scharf successfully turned the bank around with operational improvements and regulatory compliance, Buffett had already sold due to frustration with the board and uncertainty about the turnaround timeline. The case illustrates the importance of reputation in banking and the challenge of identifying viable long-term turnaround opportunities.

Axe note: Buffett’s decades-long hold and eventual sale of Wells Fargo highlights reputation risks and patience challenges for banks, a lesson relevant to South Africa’s lenders today.

Warren Buffett Is Sending Shockwaves Through Wall Street With This Warning. Here’s What History Says May Happen Next.

2026-10-10 10:05 • The Motley Fool Negative Axe Cap view: Selective

Warren Buffett warned that excessive 'gambling' in the stock market and high valuations similar to pre-dot-com crash levels could lead to a market pullback. Despite the S&P 500's 78% gain over three years driven by AI enthusiasm, Buffett advises investors to focus on quality stocks at reasonable valuations rather than chasing quick gains.

Axe note: Warren Buffett cautions against chasing speculative AI stocks amid soaring valuations reminiscent of the dot-com era.

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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