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

The "Magnificent Seven" Stocks Explained: Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla. Here's the 1 I'm Selling.

2026-09-26 09:35 • The Motley Fool Negative Axe Cap view: Selective

The article examines the 'Magnificent Seven' tech stocks and identifies Microsoft as the one to avoid or sell. While Microsoft showed strong Q2 results with 43% Azure growth and $678 billion in AI backlog, the author expresses concerns about the sustainability of its AI business, declining Windows market share, weak Copilot adoption compared to competitors, and underperforming Xbox revenue. The bullish case relies heavily on uncertain AI monetization that may not materialize as expected.

Axe note: Microsoft’s AI hype feels shaky compared to its peers, prompting caution on SA-linked tech exposure.

SCHD Is Brilliant. Here's Why I Think This Dividend ETF Is Even Better.

2026-09-26 09:20 • The Motley Fool Positive Axe Cap view: Selective

The article compares two dividend-focused ETFs: SCHD (Schwab U.S. Dividend Equity ETF) and RDVY (First Trust Rising Dividend Achievers ETF). While SCHD offers high current dividend yield (3%) with slower-growing, established companies, RDVY has delivered superior 10-year average annual returns (15.8% vs 13.2%) by focusing on faster-growing Nasdaq-listed companies with rising dividends. The choice between them depends on investment goals: SCHD for income, RDVY for wealth growth.

Axe note: US dividend ETFs SCHD and RDVY highlight a classic trade-off between steady income and capital growth — with clear signals for South African investors.

Prediction: Ferrari Is a Better Buy Than Ford for the Next Decade

2026-09-26 09:08 • The Motley Fool Mixed Axe Cap view: Selective

The article argues that Ferrari is a superior long-term investment compared to Ford over the next decade. While Ford's stock gained 84% total return over 10 years, Ferrari's surged 742%. The author attributes this to Ferrari's strong economic moat, pricing power, brand prestige, and superior earnings growth (377% net income increase vs. Ford's 33% decline), making it harder to replicate Ferrari's business model than Ford's.

Axe note: Ferrari’s brand strength and earnings growth position it better than Ford for the coming decade.

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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