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.

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

S&P Global Spun Off Its Mobility Business on July 1. Here's What the Leaner Ratings Giant Looks Like Now.

2026-07-17 14:23 • The Motley Fool Positive Axe Cap view: Selective

S&P Global completed a spinoff of its Mobility division (now Mobility Global) on July 1, 2026, creating a leaner, more focused company. The mobility business was S&P Global's smallest and lowest-margin operation (22% margins vs. 40% company average), so the separation should improve overall profitability and allow management to focus on core strengths in ratings and market intelligence. The company's 53-year dividend growth streak remains intact.

Axe note: S&P Global’s July 2026 spinoff of its Mobility division sharpens its focus on higher-margin rating services.

Procter & Gamble Has Raised Its Dividend for 70 Straight Years. Only 5 Other Companies Can Say the Same.

2026-07-17 14:17 • The Motley Fool Positive Axe Cap view: Selective

Procter & Gamble raised its quarterly dividend by 3% in April, marking its 70th consecutive year of dividend increases and 136 years of continuous dividend payments since 1890. With a current yield of 2.9%, a payout ratio of 63%, and plans to distribute $10 billion in dividends in fiscal 2026, P&G demonstrates the durability of its consumer staples business. The stock trades at 21x earnings, offering a reasonable valuation for income-focused investors seeking dependable dividend growth.

Axe note: Procter & Gamble’s 70-year streak of dividend hikes shows a level of reliability few companies achieve, a benchmark that’s tough to match on the JSE.

SpaceX Delayed Its Starship Launch and the Stock Fell Below Its IPO Price. One of Those Things Matters. The Other Doesn't.

2026-07-17 14:15 • The Motley Fool Positive Axe Cap view: Selective

SpaceX's stock fell below its $135 IPO price following a Starship launch delay, but the article argues the delay itself is unlikely to materially impact the company's long-term investment thesis. The stock decline is attributed more to thin trading float (only 4% of shares trade publicly), AI sector sell-offs, and pending lock-up expirations rather than the business fundamentals. Near-term revenue drivers like Starlink and AI compute deals remain unaffected by the delay.

Axe note: SpaceX shares fell below IPO price after a Starship launch delay, but the setback is unlikely to dent long-term value.

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Focus Areas

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

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