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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

$10,000 Invested in Rocket Lab 3 Years Ago Is Worth This Much Today, Even After a 61% Drawdown.
2026-08-01 10:17 The Motley Fool Neutral Axe Cap view: Selective

A $10,000 investment in Rocket Lab three years ago would be worth approximately $81,000 today, despite a 61% drawdown from its peak of $151. The company has demonstrated strong operational growth with revenue increasing from $245M (2023) to $602M (2025), a record backlog of $2.2B, and a major $266M Space Force contract. However, the pending $8B acquisition of Iridium Communications raises concerns about financing costs and dilution, with the company still unprofitable and trading at over 50x trailing revenue.

Axe note: Rocket Lab’s 8x return masks risks from a pricey Iridium deal and big losses.

Here's Why I Keep Buying This 10%-Yielding Dividend Stock
2026-08-01 10:15 The Motley Fool Positive Axe Cap view: Selective

Ares Capital (ARCC) offers a 10%+ dividend yield, significantly higher than the S&P 500's 1.1%. As a BDC required to distribute 90% of taxable income, the high yield is justified. The company has maintained or raised its dividend for 17 consecutive years with minimal losses on its $73 billion in cumulative investments. Despite recent core earnings dipping slightly below dividend payments, realized gains have more than compensated, and the company carries forward $1.38 per share in taxable income from the previous year.

Axe note: High dividend yields like Ares Capital’s rarely come without trade-offs, but here’s why it still makes sense.

Prediction: Rocket Lab Will Turn Profitable and Free-Cash-Flow-Positive in 2027 -- Thanks to Iridium
2026-08-01 10:06 The Motley Fool Positive Axe Cap view: Selective

Rocket Lab announced an $8 billion acquisition of satellite company Iridium, with an expected mid-2027 closing. The combined company is projected to become profitable and free-cash-flow-positive by 2027, with analysts forecasting $137 million in earnings and $425 million in positive free cash flow. The acquisition positions Rocket Lab as a vertically integrated space company offering satellite communications, positioning/navigation/timing, and IoT services—markets where SpaceX has limited presence.

Axe note: Rocket Lab's $8bn Iridium buy may turn the company profitable by 2027, reshaping satellite services with global reach.

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