Black and white mix has got colour



As the lights dim on the compelling Test series between Australia and South Africa - won 2-1 by the visitors - the reality is that Graeme Smith's Proteas are, finally and demonstrably, the "dream team". For the first time, the team reflected all the hues of South Africa - and all South Africans celebrated. There was a coloured, an Indian, a Xhosa, Afrikaners and Englishmen in the starting XI; a rainbow mix indeed. These things may not matter to most in the modern world, but to race-conscious South Africa, it matters a great deal.

The Proteas have struggled since the early 1990s with transformation - "be patient, it will come", pleaded anxious administrators - so to have rattled the world's No 1 Test team with a truly representative team is a seminal moment. Indeed, Jacques Kallis ranked it among the best. "This means more to me than all of those individual highs," he said. "Winning a Test series in Australia is as big, if not bigger, than winning the World Cup."

The series win, the first in Australia by South Africa, and the hosts' first series defeat at home in 16 years, was given greater credence by the performance of the "previously disadvantaged players", if you'll excuse the awful term (which, despite being patronising and insulting, still lurks in the local lexicon). JP Duminy was the find of the tour; Hashim Amla demonstrated his worth at the highest level; and warhorse Makhaya Ntini was persistent and brave.

The debate about "quotas" and racial composition can now finally be put to bed. The challenge is for cricket to embrace the fans in the townships and suburbia, black and white, and to exploit the wonderful possibilities provided by this success. There were two reasons for the joyous reaction to the win: beating Australia is an obsession among SA sportsmen and supporters. The two nations have been at each other's throats for years - and Australia have usually enjoyed the bigger squeeze.

The other was the manner in which South Africa won. Historically, the team have travelled as "chokers", a tag that wasn't altogether unfair. They seldom delivered on their fighting talk. But this was different. In Perth and in Melbourne, there were fears of a slaughter after Australia set the standard. South Africa were on the backfoot and in danger of humiliation. Instead, they chased down the second-highest winning target in history. A week later, their world looked to be caving in (they were 184-7) until Duminy arrived at the crease and plundered 166 for his maiden Test century. It was an innings that ripped the heart from Australia. It was uncharacteristic, but South Africa demonstrated undeniable fighting spirit.

Beating Australia was no fluke. For coach Mickey Arthur, who last year survived a row with the former president of Cricket SA, it was vindication of his planning and his belief in the players. His stated aim was to get to number one in the Test rankings. After this, they are tantalisingly close and will get the chance when Australia travel to South Africa for the rematch. The world order is shifting. India were the first to flex their muscles, to be followed by South Africa. Australia have been rocked back. Certainly, their cloak of invincibility has taken a mighty knock.

Even though the dead rubber was lost in Sydney, South Africans celebrated long and hard. With the economy crashing and local politics more vicious than ever, the victory provided succour to a jaded, dispirited nation. Clinton van der Berg is the Communications Manager of SuperSport

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg


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