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

Big Tech Keeps Signing Nuclear Deals With the Same Company. Here's Who It Is and Why That Matters More Than Any Single Deal.

2026-10-08 01:15 • The Motley Fool Positive Axe Cap view: Selective

Constellation Energy, the largest nuclear power operator in the U.S., is becoming the go-to provider for major tech companies seeking reliable power for AI infrastructure. The company's latest deal with Google adds 890 megawatts to the grid, highlighting its strategic position as an independent power producer operating outside regulated utility frameworks. With long-term contracts (up to 20 years) and a diversified energy portfolio, Constellation is well-positioned for sustained growth as electricity demand is projected to surge 60% by 2045.

Axe note: Big US tech firms are locking in nuclear power contracts, a move that signals rising energy demand and opportunity for South African energy-linked assets.

The Best Dividend ETF to Buy and Hold, According to 15 Years of History

2026-10-08 00:30 • The Motley Fool Positive Axe Cap view: Selective

The Schwab U.S. Dividend Equity ETF (SCHD) is highlighted as a top dividend ETF choice for long-term investors, with a 532% return over 15 years. The $108 billion fund offers a compelling combination of low expense ratio (0.06%), solid dividend yield (3.4%), and exposure to quality dividend-paying companies, making it suitable for both risk-averse and younger investors seeking income growth.

Axe note: SCHD’s solid long-term dividend track record is notable, but South African investors should weigh currency and local alternatives carefully.

Why PJT Partners Stock Withered on Wednesday

2026-10-07 23:29 • The Motley Fool Negative Axe Cap view: Selective

PJT Partners stock fell 1.46% on Wednesday following downbeat analyst moves. Keefe, Bruyette & Woods downgraded the stock to market perform from outperform with a price target cut from $195 to $159, citing concerns about slowing M&A growth. UBS also reduced its price target from $176 to $165. The declines reflect worries that rising interest rates are making companies more hesitant to pursue debt-funded deals, pressuring the boutique investment bank's advisory business.

Axe note: Rising interest rates are cooling deals in M&A advisory, a signal worth watching on the JSE.

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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