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

Sony: 3 Key Takeaways for Long-Term Investors

2026-11-15 04:06 • The Motley Fool Positive Axe Cap view: Selective

Sony reported a 45% year-over-year increase in consolidated operating income to 622.3 billion yen in Q2 FY2026. The company is shifting toward recurring digital services and proprietary content licensing, with PlayStation reaching record monthly active users of 127 million in September. Sony's music catalog generates over half of Spotify's top chart streams, and the company partnered with TSMC to strengthen its image sensor manufacturing capabilities amid competitive pressures.

Axe note: Sony’s strong earnings and strategic pivot offer lessons for investors tracking global tech exposures and rand-linked FX.

Honeywell Aerospace: 3 Key Takeaways for Long-Term Investors

2026-11-15 03:35 • The Motley Fool Positive Axe Cap view: Selective

Honeywell Aerospace reported Q3 2026 sales of $4.6 billion, up 2.4% organically, with a record $19 billion backlog. The company is addressing supply chain constraints through multi-sourcing initiatives (targeting 30% by year-end), investing $500 million in a new Arizona manufacturing facility opening in late 2028, and declared its first quarterly dividend of $0.40 per share. Management expects output growth to accelerate in 2027 as supply chain improvements take effect.

Axe note: Honeywell’s strong backlog and supply-chain fixes suggest longer-term growth, but local impact is limited.

EZCORP: 3 Key Takeaways for Long-Term Investors

2026-11-15 02:53 • The Motley Fool Positive Axe Cap view: Selective

EZCORP reported record full-year revenue of $1.7 billion in fiscal 2026, driven by strong pawn loan growth of 13% same-store basis for three consecutive quarters, reaching $401.5 million. The company expanded merchandise margins to 37% through AI-assisted pricing and store training, while adding 48 new locations and 230 net store locations overall, particularly in Latin America. Management attributes sustained demand to elevated living expenses pressuring consumers to seek short-term credit.

Axe note: EZCORP’s record revenue and aggressive expansion highlight pawn lending growth amid rising consumer pressure.

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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