South Africa celebrate a well-deserved title in U19 Cricket World Cup. Jeffrey E Biteng / The National
South Africa celebrate a well-deserved title in U19 Cricket World Cup. Jeffrey E Biteng / The National

South Africa Under 19s conquer where seniors failed: win the ICC World Cup



DUBAI // South Africa have a long history in the latter stages of major ICC events but do not have one major title to their name. For such a historically strong cricket nation, it has always been an anomaly.

South Africa’s junior side showed their senior counterparts how it is done yesterday with a comprehensive victory over Pakistan in Dubai to take the title of U19 world champions.

The six-wicket winning margin was reflective of a dominant performance on Saturday, but also due reward for an impeccable campaign in which they were undefeated.

In the final, as in the entire tournament, South Africa relied on pace and seam in a match that, for Pakistan, must have felt a lot like the (senior) 1999 World Cup final against Australia.

That day, after Pakistan chose to bat, Australia hustled them out for just 132 and then hunted down the target easily. On Saturday Sami Aslam also chose to bat first and, even before the halfway mark, saw his side six down.

The batting was not particularly flash, but more credit should be ascribed to South Africa’s four pace bowlers. Kagiso Rabada set the tone early, bowling with real zip and targeting Pakistan’s hitherto successful opening pair of Aslam and Imam-ul-Haq with short-pitched deliveries.

One of the few deliveries he did pitch up did the trick, a wonderful ball angling across Imam, which he could only poke at for a catch behind.

That sparked a collapse of seven for 49, though the prime beneficiaries of Rabada’s opening were Justin Dill and Corbin Bosch.

Neither has the pace of Rabada but both are clearly from the Shaun Pollock school of bowling. They found the perfect line outside off and simply pegged away, occasionally getting a ball to move either way.

Pakistani batsmen, regardless of age, environment or bowler, struggle with that kind of assault and duly obliged. A succession of indeterminate prods, pushes and wafts presented Bosch with four wickets and Dill a couple. Behind the stumps, Clyde Fortuin picked up six, mostly straightforward catches.

As in the semi-final against England, Zafar Gohar and Amad Butt resisted with a punchy 45-run stand. But the innings was too far gone by then for true redemption. When Gohar fell, in pursuit of runs, the end was nigh.

But this would not be a South African side without a wobble of some sort on the road to triumph.

They began their chase nervily, and with excessive caution. When Butt and Karamat Ali dismissed Fortuin and Jason Smith in quick succession, a repeat of Pakistan’s remarkable 2006 final win over India was not out of the question.

But Aiden Markram, South Africa’s captain, is a scarily mature young man, ready-made almost for ascension to the senior ranks. He calmed his side’s nerves and repelled the momentum Karamat and Gohar were creating with their spin.

He was unafraid to take his time over the chase. He never quite mastered Karamat but knew that he did not need to, happily picking off runs from the other bowlers.

In tandem with the equally resolute Greg Oldfield, they led South Africa to the brink with a 78-run stand.

Typically, South Africa stuttered before Markram again steadied them. In the process he reached 50, to go with two centuries already in the tournament. He made sure they crawled along and got there in the end.

It hardly mattered how long they took for ultimately it was about breaking a long-running jinx. Instead, with a second final loss in three tournaments, maybe Pakistan are in one of their own.

osamiuddin@thenational.ae

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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