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

President Trump's Major Marijuana Move: What It Means for Canopy Growth, Green Thumb, and Tilray

2026-07-17 09:30 • The Motley Fool Neutral Axe Cap view: Neutral

President Trump's executive order to reschedule medical marijuana from Schedule I to Schedule III provides limited benefits to major cannabis companies. While the rescheduling eliminates IRS Section 280E tax restrictions for medical marijuana businesses, it only applies to medical products, not the larger recreational market. Canopy Growth, Tilray, and Green Thumb Industries face minimal direct impact due to their business structures and market focus, though the change creates new regulatory compliance burdens.

Axe note: The U.S. move to ease medical cannabis restrictions offers minimal change for top cannabis stocks with limited direct South African connections.

3 Dividend ETFs Built for Long-Term Investors to Buy and Hold

2026-07-17 09:15 • The Motley Fool Positive Axe Cap view: Selective

The article recommends three dividend ETFs for long-term investors: Vanguard Dividend Appreciation ETF (VIG) with $111B in assets and a 0.04% expense ratio, iShares Select Dividend ETF (DVY) offering a 3.4% yield with defensive and value stock exposure, and First Trust NASDAQ Technology Dividend Index Fund (TDIV) focusing on tech dividend payers. S&P Dow Jones Indices forecasts 6.5% U.S. dividend growth in 2026.

Axe note: Three US dividend ETFs offer varying angles on income and growth, with clear implications for rand investors.

This Detroit Auto Stock Has Soared, but There's Still One Nagging Problem: China

2026-07-17 09:10 • The Motley Fool Neutral Axe Cap view: Selective

General Motors has significantly outperformed rivals Ford and Stellantis due to strong cash flow and buybacks, but faces a major challenge in China where operations have deteriorated from a profit engine to a financial liability. GM has taken $5+ billion in charges and restructuring costs since 2024, with sales declining 20% in Q2 2026. The company is attempting a turnaround with new EV strategies and export hub development, with a critical joint venture contract expiring in 2027.

Axe note: General Motors outshines rivals at home but stumbles in China with heavy losses and uncertain recovery.

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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.

Market notes