George Soros’s “imperial circle” describes a self-reinforcing macroeconomic loop in which high relative interest rates attract foreign capital, those inflows finance fiscal and external deficits, the currency remains supported, and the strong currency then deepens the trade and current-account imbalance until confidence weakens and the cycle reverses. The thesis rests on several assumptions: that capital is highly mobile and yield-sensitive, that foreign investors remain will

Target price = KSh 105.00 NCBA Group PLC is the target of a partial takeover by South Africa’s Nedbank. On 4 May 2026 NCBA confirmed that Nedbank will acquire ~66% of NCBA via a pro-rata tender offer. The offer consideration is KSh 105 per share (gross) – split into 4.02994 Nedbank shares plus KSh 2,100 cash for each 100 NCBA shares. Shareholders entitled to fewer than 200 Nedbank shares (i.e. small retail holders) will receive the full consideration in cash (KSh 10,500 per 1

Trading equities without a plan isn’t investing – it’s gambling with your emotions in the driver’s seat. Here’s how to create your own set of rules for entry, exit, position size, and valuation, and why sticking to them is the smartest thing a new trader can do. You’ve opened a brokerage account, read a few articles, and maybe even bought your first shares. The excitement is real. But there’s a point where every beginner trader hits the same wall: when do I actually buy? When