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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 AT&T Stock Plunged on Friday
2026-10-24 00:33 • The Motley Fool Mixed Axe Cap view: Selective

AT&T stock fell 8% on Friday after reports that SpaceX is negotiating access to 80,000 U.S. cell sites to build a rival wireless carrier. Despite the threat, AT&T remains well-positioned with strong Q3 earnings, growing customer base, and improving free cash flow projections. Building a nationwide carrier would require tens of billions in investment and significant time.

Axe note: AT&T’s shares fell sharply on SpaceX’s plans to build a rival wireless network, but the fundamentals are still solid.

Celsius vs. Colgate-Palmolive: Which Stock Should Investors Consider Before the Start of 2027?
2026-10-24 00:30 • The Motley Fool Mixed Axe Cap view: Selective

The article compares Celsius, a high-growth functional energy drink company, against Colgate-Palmolive, a mature consumer staples leader. Celsius shows explosive 85.5% revenue growth but faces risks from Pepsi dependency and has declined 54% over the past year. Colgate-Palmolive offers defensive stability with consistent dividends (63 consecutive years of increases) and has outperformed the market with a 22% gain. The author recommends Colgate-Palmolive for its reliability and dividend consistency in uncertain economic times.

Axe note: High growth in energy drinks looks exciting but comes with big risks compared to steady consumer staples.

Procter & Gamble's Earnings Show a Resilient Consumer Despite Price Hikes. Is the Dividend King Stock a Buy?
2026-10-23 23:30 • The Motley Fool Positive Axe Cap view: Selective

Procter & Gamble reported strong Q1 fiscal results with 4% organic sales growth and beat earnings estimates, causing the stock to jump 5.6%. However, the company faces headwinds from higher commodity and oil costs that are expected to increase throughout the year. While P&G remains a solid defensive dividend stock with 70 consecutive years of dividend increases, its upside potential appears moderate given flat performance over the past five years.

Axe note: P&G’s strong Q1 sales and steady dividend appeal to conservative investors, but rising commodity costs and muted growth temper enthusiasm.

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