Clear market notes built around the JSE, the rand, and what matters locally.

2026-09-03 00:15 • The Motley Fool Positive Axe Cap view: Selective

iShares Global REIT ETF (REET) emerges as the better choice for most investors, offering superior liquidity, lower expense ratio (0.14% vs 0.45%), and stronger 1-year performance (7.5% vs 11.2%). FlexShares Global Quality Real Estate Index Fund (GQRE) appeals primarily to income-focused investors with its higher dividend yield of 4.3% versus 3.4%, though it carries higher volatility and lower historical returns.

Axe note: iShares REET offers better liquidity and cost-efficiency for South African investors, while FlexShares GQRE targets income with higher yields but more risk.

2026-09-02 23:32 • The Motley Fool Neutral Axe Cap view: Selective

SSR Mining stock surged over 5% on Wednesday following a weaker-than-expected jobs report from ADP, which cooled Fed rate hike concerns. Lower interest rate expectations boosted precious metals prices, benefiting gold and silver mining stocks. However, the author remains cautious, believing inflation pressures will likely lead to future rate increases that could pressure precious metals prices.

Axe note: Falling US rate hike expectations lifted mining shares, but local investors should watch inflation closely.

2026-09-02 23:10 • The Motley Fool Negative Axe Cap view: Selective

Edison International (EIX) stock fell over 6% on Wednesday after JPMorgan analyst Aidan Kelly cut his price target from $82 to $61 per share. The decline was driven by California's legislature failing to vote on the Wildfire Liability Bill, which would have provided liability protections for utilities. This leaves Edison's subsidiary Southern California Edison vulnerable to multiple lawsuits related to the early 2025 Eaton fire.

Axe note: Edison’s stock fell sharply after California failed to shield utilities from wildfire lawsuits.