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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

Go Big or Go Bigger: Is the Vanguard Mega Cap Growth ETF or S&P 500 Growth ETF the Better Buy?
2026-07-18 15:36 The Motley Fool Positive Axe Cap view: Selective

Vanguard S&P 500 Growth ETF (VOOG) is recommended over Vanguard Mega Cap Growth ETF (MGK) for long-term investors. While MGK offers a slightly lower expense ratio of 0.05% versus VOOG's 0.07%, VOOG's broader diversification across 148 holdings versus MGK's 56 holdings has delivered superior returns across most time periods, with VOOG returning 22.80% over one year compared to MGK's 18.80%.

Axe note: Vanguard’s S&P 500 Growth ETF (VOOG) edges out the Mega Cap Growth ETF (MGK) thanks to broader diversification and better recent returns.

This "Hands-Off" ETF Could Be Your Ticket to Becoming a Millionaire
2026-07-18 15:18 The Motley Fool Positive Axe Cap view: Selective

The Vanguard S&P 500 ETF offers a simple, low-cost way to build wealth through consistent long-term investing in 500 large U.S. companies. With a 0.03% expense ratio and historical 15% average annual returns, investing $500 monthly could yield $1.36 million over 30 years. However, investors should be aware of market volatility, tech sector concentration, and the need for patience and a diversified portfolio strategy.

Axe note: Investing regularly in the Vanguard S&P 500 ETF can create serious wealth over time, but watch out for sector concentration and volatility.

Should You Buy Viking Therapeutics Stock on the Dip? Wall Street Is Screaming "Yes."
2026-07-18 13:30 The Motley Fool Positive Axe Cap view: Selective

Wall Street analysts are bullish on Viking Therapeutics (VKTX), with a consensus price target of $91 representing a potential 150% return. The optimism centers on VK2735, a dual-formulation weight-loss drug showing promising phase 2 efficacy data. However, key phase 3 results won't arrive until late 2027-2028, and some phase 2 oral trial tolerability concerns exist. Cautious investors may want to wait for upcoming maintenance trial results before investing.

Axe note: Wall Street loves Viking Therapeutics’ weight-loss drug, but long trial timelines and side effect worries suggest caution.

Focus Areas

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

Market notes