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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

Why The Trade Desk Stock Rallied Today
2026-09-02 16:40 The Motley Fool Mixed Axe Cap view: Selective

The Trade Desk stock surged 4.9% after the FTC and 22 states filed suit against Amazon for allegedly using deceptive ad pricing practices, including undisclosed surcharges. This legal action highlights The Trade Desk's competitive advantage through transparent pricing and could help the company recapture market share from competitors with closed ecosystems.

Axe note: The Trade Desk’s stock bounce on Amazon’s lawsuit highlights a US tech tussle with limited local impact.

2 Absurdly Cheap Dividend Stocks to Buy With $1,000 Right Now
2026-09-02 16:30 The Motley Fool Positive Axe Cap view: Selective

Bristol Myers Squibb and Pfizer are recommended as undervalued pharmaceutical stocks offering above-average dividend yields. BMY offers a safer 3.76% yield with a sustainable 45% FCF payout ratio and growing oncology portfolio, while PFE provides a higher 6.04% yield but with a riskier 89% payout ratio. Both trade at steep discounts to peers despite facing patent expiration challenges.

Axe note: Bristol Myers Squibb and Pfizer look cheap in the US, but rand investors have better options locally and must watch FX risks.

Salesforce: Its Biggest AI Threat Just Became Its Partner
2026-09-02 16:30 The Motley Fool Positive Axe Cap view: Selective

Salesforce partnered with Anthropic to integrate Claude as the default AI reasoning engine across its products including Agentforce and Slack. The deal addresses investor concerns about AI disrupting Salesforce's business model while creating a powerful upsell opportunity, as AI features are exclusive to premium subscriptions. The stock surged 23% on the announcement, and Q2 results showed 11% revenue growth and 240% annualized growth for Agentforce to $1.5 billion.

Axe note: Salesforce’s deal with Anthropic eases AI disruption fears and paves the way for premium upsells.

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