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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.

Coverage focus:

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 Finance Headlines

The Trump Administration Launches "Project Prometheus" With These Nuclear Energy Stocks (Hint: NuScale Didn't Make the Cut)
2026-07-24 10:34 The Motley Fool Mixed Axe Cap view: Selective

The Trump Administration announced Project Prometheus, an AI-focused nuclear development initiative receiving $60 million in federal funding over three years. Three nuclear companies were selected as partners: X-Energy (Tier 1 partner committing $10 million), Oklo, and Standard Nuclear. NuScale was notably excluded from the project, continuing its lack of DoE support since 2019.

Axe note: Project Prometheus’s AI-driven nuclear push lifts select US startups but leaves NuScale sidelined, with limited local impact yet to play out on JSE.

Caterpillar's Dividend Has Grown for 32 Consecutive Years. Its Dividend Yield Is Now Down to 0.75%.
2026-07-24 10:21 The Motley Fool Positive Axe Cap view: Selective

Caterpillar has maintained 32 consecutive years of dividend growth and recently approved another substantial increase. However, the stock's exceptional performance—surging over 110% in the past 12 months due to AI infrastructure demand—has outpaced dividend growth, resulting in the company's lowest dividend yield on record at 0.75%. While new investors face a premium valuation with a forward P/E in the mid-30s, Caterpillar remains well-positioned to continue raising dividends.

Axe note: Caterpillar’s 32-year dividend streak and recent stock surge paint a bullish, if pricey, picture.

Meet the 9 Vanguard ETFs That Are Buying SpaceX Stock in Droves. Here's My Top Pick of the Bunch.
2026-07-24 10:15 The Motley Fool Positive Axe Cap view: Selective

Nine Vanguard ETFs collectively purchased $6.1 billion of SpaceX stock following its June IPO and July Nasdaq-100 listing. SpaceX remains absent from the S&P 500 ETF due to index admission requirements. The Vanguard Total Stock Market ETF is recommended as the top pick due to its low 0.03% expense ratio and diversification benefits, with SpaceX expected to increase its weighting as more shares become available for trading.

Axe note: Vanguard ETFs are rapidly building exposure to SpaceX, hinting at evolving growth plays for investors globally.

Focus Areas

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

Market notes