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

Better Clean Energy ETF: VanEck's Nuclear-Focused NLR vs. the iShares ICLN Targeting Renewables

2026-10-15 01:23 • The Motley Fool Positive Axe Cap view: Selective

VanEck's NLR nuclear-focused ETF offers higher dividend yield (3.1%) but underperformed significantly with a 21.8% loss over the past year, while iShares' ICLN renewable energy ETF gained 11.0% with lower costs (0.38% expense ratio). The choice between them depends on investor priorities: NLR provides concentrated nuclear exposure but faces regulatory and interest rate risks, while ICLN offers broader diversification across 105 holdings in solar, wind, and clean energy equipment.

Axe note: VanEck’s nuclear-focused NLR pays better dividends but lags renewables-focused iShares ICLN, which offers broader exposure and growth.

The S&P 500 Has Risen 30.6% in the First 20 Months of Trump's Second Term, Just Ahead of the 28.5% Gain Over the Same Stretch of His First Term. Here's Why That Comparison Matters for Investors Heading Into the Midterms.

2026-10-15 01:00 • The Motley Fool Positive Axe Cap view: Selective

The S&P 500 has gained 30.6% during the first 20 months of Trump's second term, slightly outpacing the 28.5% gain during the same period of his first term. Despite historical trends showing midterm election years underperform, stocks remain resilient amid geopolitical challenges and inflation concerns. Analysts suggest divided government and the historically strong third year of presidential cycles could support continued market strength into 2027.

Axe note: Strong US equity gains under Trump's second term offer a nuanced signal for South African markets ahead of midterms.

Boeing's Secret Weapon Isn't on the Factory Floor -- It's in the Boardroom

2026-10-15 00:30 • The Motley Fool Positive Axe Cap view: Selective

Boeing's board of directors has significantly strengthened with the addition of experienced aviation and aerospace executives under new CEO Kelly Ortberg. The board now includes leaders like David Joyce (former GE Aviation CEO), Akhil Johri (former United Technologies CFO), and David Gitlin (former Collins Aerospace president). This expertise is positioned as crucial for Boeing's long-term turnaround, including developing next-generation aircraft while managing a $715 billion backlog and restoring its balance sheet.

Axe note: Boeing has added deep aerospace expertise to its board, signalling a more confident turnaround strategy.

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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