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

Is The Metals Company a Potential Millionaire-Maker Stock?

2026-08-25 06:15 • The Motley Fool Neutral Axe Cap view: Selective

The Metals Company (TMC) is exploring deep-sea mining of polymetallic nodules as an alternative to traditional land-based mining for critical metals like nickel, copper, cobalt, and manganese. While the company could benefit from growing demand for these metals and first-mover advantages in a new industry, it remains highly speculative. Key risks include regulatory uncertainty, unproven commercial viability at scale, processing economics, and environmental concerns. Investors should view this as a checkpoint-based investment where each milestone reduces uncertainty.

Axe note: The Metals Company aims to mine critical metals from the deep ocean, but huge hurdles remain before investors can get excited.

Prediction: SpaceX's Power Needs Will Turn It Into Oklo's Biggest Customer

2026-08-25 06:05 • The Motley Fool Positive Axe Cap view: Selective

SpaceX CEO Elon Musk revealed the company needs 15-20 gigawatts of power by end of 2025 to support AI data infrastructure. This massive energy demand positions nuclear energy companies like Oklo, which develops small modular reactors (SMRs) for data centers, as potential major suppliers. While Oklo faces regulatory hurdles and competition, its SMR technology designed specifically for data centers could make it a key player in powering the AI industry.

Axe note: SpaceX’s plan to consume up to 20 GW for AI by 2025 could shift global energy demand, with implications for South African energy-linked stocks and the rand.

Jensen Huang Told Investors to "Buy at a Discount" on June 8. History Says This Is How Often CEOs Who Publicly Call the Bottom Are Actually Right.

2026-08-25 03:33 • The Motley Fool Mixed Axe Cap view: Selective

Nvidia CEO Jensen Huang urged investors to buy the stock at a discount on June 8, but the stock has remained essentially flat since then. The article examines whether CEO endorsements to buy their own stock are reliable predictors of future performance, citing mixed historical results from CEOs like Jamie Dimon, Elon Musk, and others. Nvidia is expected to report strong Q2 earnings with 97% revenue growth, positioning the stock for potential gains.

Axe note: Jensen Huang’s June call to buy Nvidia hasn’t moved markets much yet, echoing the mixed historical track record of CEO stock endorsements.

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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