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

Stock Market Today, Aug. 7: DraftKings Surges 8% on Prediction-Market Growth After Q2 Results

2026-08-07 21:30 • The Motley Fool Mixed Axe Cap view: Selective

DraftKings surged 8.39% to $24.03 following Q2 results that missed analyst expectations but showed strong underlying metrics. Despite a 5% sales drop due to customer-friendly sports outcomes, the company reported 15% growth in sports consumer volume, 9% jump in monthly unique payers, and a quintupling of prediction services volumes. The stock's rally was driven by optimism around prediction-market growth, though regulatory hurdles and potential cannibalization between betting products remain concerns.

Axe note: DraftKings’ strong Q2 underlying growth highlights shifting consumer trends that can ripple through rand strength and SA’s digital firms.

Circle Internet Group vs. Salesforce: Which Technology Stock Is a Better Buy in 2026?

2026-08-07 21:25 • The Motley Fool Positive Axe Cap view: Selective

The article compares Circle Internet Group (CRCL), a fintech company issuing the USDC stablecoin, with Salesforce (CRM), a dominant CRM software provider. While Circle shows higher revenue growth (63.9% vs 9.6%), it trades at a premium valuation (45x forward P/E) with negative net margins and profitability concerns. Salesforce offers proven profitability, strong free cash flow ($14.4B), and a lower valuation (13x forward P/E), making it the recommended choice for long-term investors despite Circle's potential in the growing stablecoin market.

Axe note: Salesforce's steady profits and valuation edge out Circle's rapid growth but risky fintech play.

SLV vs GDX: Is a Silver ETF a Better Buy Than a Gold Miner Fund in 2026?

2026-08-07 21:21 • The Motley Fool Positive Axe Cap view: Bullish

The iShares Silver Trust (SLV) delivered 62.6% returns over the trailing 12 months compared to VanEck Gold Miners ETF (GDX) at 47.3%, but both funds charge similar ~0.5% expense ratios. While SLV provides direct physical silver exposure, GDX offers mining company equity with operational leverage and dividend payments. The article recommends GDX due to its flexibility, dividend yield, and more favorable tax treatment for U.S. investors compared to collectibles taxes on physical silver.

Axe note: Silver ETFs had a strong run, but gold mining stocks like those in GDX offer more upside and income for rand investors.

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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