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

Prediction: By the End of 2027, Microsoft Will Be More Valuable Than Apple

2026-10-05 14:30 • The Motley Fool Mixed Axe Cap view: Selective

The article predicts Microsoft will surpass Apple in market valuation by end of 2027. Microsoft's AI opportunities, particularly in Microsoft 365 Copilot (30 million paid seats) and Azure growth (43%), are underrated by the market. With a lower P/E ratio of 29x versus Apple's 38x, Microsoft presents better value. Apple faces uncertainty with new leadership and foldable phone strategy, making it riskier despite its current $4.9 trillion valuation versus Microsoft's $3.9 trillion.

Axe note: Microsoft’s AI-driven growth and better valuation point to long-term outperformance versus Apple.

Greg Abel-Led Berkshire Hathaway Owns 26 Dividend Stocks. Here's the One I'd Buy First.

2026-10-05 14:30 • The Motley Fool Positive Axe Cap view: Selective

Berkshire Hathaway's portfolio includes 26 dividend-paying stocks out of 29 total holdings. The article recommends Constellation Brands as the top dividend stock to buy, citing its 3.64% yield, cheap valuation at 11x earnings, strong free cash flow growth, and analyst price target suggesting 54% upside potential, despite recent headwinds from demographic shifts and immigration policy impacts.

Axe note: A look at why Constellation Brands offers compelling value among Berkshire Hathaway’s dividend stocks.

Berkshire Hathaway Says It's Now America's 4th-Largest Homebuilder. It Also Owns More Than 10% of Lennar.

2026-10-05 14:15 • The Motley Fool Positive Axe Cap view: Selective

Berkshire Hathaway has become America's 4th-largest homebuilder after acquiring Taylor Morrison for $6.8 billion and merging it with Clayton Properties Group. The combined entity delivered nearly 23,000 homes in 2025. Berkshire also holds an 11% stake in Lennar and smaller positions in other homebuilders. Despite industry challenges from housing shortages and high mortgage rates near 7.3%, Berkshire is taking a long-term investment approach, with CEO Greg Abel stating the company is committed to the housing sector for the long term.

Axe note: Berkshire Hathaway’s move to become the fourth-largest US homebuilder signals confidence despite mortgage rate challenges.

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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