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

Disney's Valuation Is at Multiyear Lows, and Buybacks Are at a 9-Year High. Is Disney a No-Brainer Value Stock to Buy Now?

2026-08-10 09:30 • The Motley Fool Neutral Axe Cap view: Selective

Disney's stock has declined 41% over the past five years despite strong operational performance in its experiences and streaming segments. While the company trades at a 33% discount to the S&P 500 and management is aggressively buying back shares ($9 billion planned for fiscal year), analyst Neil Patel argues it's not a no-brainer investment. With expected double-digit earnings growth but limited valuation multiple expansion potential, Disney could realistically deliver only 10-15% annualized returns.

Axe note: Despite Disney’s deep discount and buyback surge, limited multiple expansion caps upside and the rand’s moves matter more to local investors.

I've Been Writing About Procter & Gamble Stock for Years. Here's Why My Conviction Has Never Been Higher.

2026-08-10 09:15 • The Motley Fool Positive Axe Cap view: Selective

A Motley Fool analyst expresses increased conviction in Procter & Gamble, highlighting the company's consistent execution of fundamentals including modest organic growth, innovation, disciplined cost management, and strong shareholder returns. Despite modest fiscal 2026 results (3% net sales growth, 1% organic growth), P&G delivered within guidance while navigating currency headwinds and cost pressures. The company's 70-year dividend growth streak, integration of AI-driven tools, and e-commerce expansion (now 20% of sales) demonstrate durability and modernization of its business model.

Axe note: P&G’s consistent growth and innovation keep it a reliable pick amid choppy markets.

Warren Buffett's Successor, Greg Abel, Just Bought $4.5 Billion of the Oracle of Omaha's Favorite Stock (No, Not Alphabet!)

2026-08-10 09:06 • The Motley Fool Positive Axe Cap view: Selective

Greg Abel, CEO of Berkshire Hathaway, ended the company's 14-quarter selling streak and executed the largest share buyback in five years, spending $4.53 billion repurchasing Berkshire stock in Q2 2026. This marks a significant vote of confidence in the company's future, with over $82 billion deployed in buybacks since July 2018. Abel has also aggressively increased Berkshire's stake in Alphabet to a top-5 holding.

Axe note: Greg Abel reverses Berkshire Hathaway's sell-off streak with a $4.5 billion buyback, boosting its stakes in Alphabet.

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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