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

2026-08-03 18:15 • The Motley Fool Neutral Axe Cap view: Selective

Elon Musk maintains 42% ownership and over 80% voting control of SpaceX to focus on long-term goals spanning 5-10 years, including space data centers and Mars missions. Despite a $28.5 trillion total addressable market outlined in its S-1 filing, SpaceX stock has proven volatile, dropping over 50% from June highs to below $109. The unprofitable company requires significant capital infusions, demanding patient investors willing to wait for long-term value realization.

Axe note: Elon Musk’s tight control at SpaceX highlights a bet on distant rewards, but the journey is winding and pricey.

2026-08-03 18:05 • The Motley Fool Positive Axe Cap view: Selective

Nuclear energy is experiencing a revival driven by climate goals and AI's rising energy demands, with analysts projecting a $10 trillion global opportunity. NuScale Power, the only U.S. company with regulatory approval to build small modular reactors (SMRs), is positioned to benefit significantly. However, the company faces execution challenges, has posted substantial operating losses, and has yet to break ground on commercial reactors, though a major 6-gigawatt project update is expected by year-end.

Axe note: A nuclear renaissance driven by climate and AI needs has indirect implications for South African investors.

2026-08-03 17:30 • The Motley Fool Positive Axe Cap view: Selective

American States Water (AWR) is highlighted as an attractive dividend stock for income investors, having raised its dividend annually for 71 consecutive years since 1955, making it a Dividend King. The utility company, which serves over 265,000 California residents with water and wastewater services, maintains a conservative 56.7% average payout ratio over the past decade and generates 78% of revenue from regulated businesses, providing predictable cash flows. Shares are currently trading at a discount to their five-year average valuation multiple.

Axe note: American States Water offers a rare example of consistent income growth worth noting alongside JSE dividend plays.