Things never dull with ruthless Boks



As the Springboks basked in the glow of victory over New Zealand on Saturday night, South African captain John Smit remarked how there had been "none of the shenanigans of the Lions series". Smit's point was that while the Boks had been disjointed and sloppy for large parts of that series, in Bloemfontein they were ruthless, accurate and disciplined in beating New Zealand 28-19.

The win gave the Boks more than the perfect start to the Tri Nations; it shot them back to No 1 on the world rankings, long a personal crusade of Smit's and validation of their status as world champions. All week the focus had been on how poor the ticket sales were, but on Saturday the fans came out in their droves and were rewarded with a hard-fought win. It was not an especially high-quality game, but it was hard and compelling with battered faces and bruised bodies reflecting the game's physical nature.

What was remarkable about the match was how ineffectual the All Blacks were. That they always come hard goes without saying - they had lost just six of 22 Tests against the Boks since the turn of the century - but on Saturday they were woeful. Victor Matfield plundered their line-out, Heinrich Brussow more than measured up against Richie McCaw in the fierce battle on the ground and Bakkies Botha lent fire to the tackle point. All of this, plus New Zealand's miserable ball handling, combined to knock them off kilter.

For a change, the Boks were extremely smart tactically. Only when the pack had established itself in the set-pieces and gained supremacy in contact did Smit give the order to play wide. "It was a good, hard Test where we smashed each other for 80 minutes," he said. Fittingly, two of the chief destroyers were a pair of players who went to the same school in the shadow of the Free State Stadium. Brussow and Bismarck du Plessis, who call Grey College their alma mater, revelled in the physical aspect and helped the Boks dominate the ruck cleans and work the rolling maul to good effect.

Inevitably, New Zealand's answer was to spoil and niggle at the breakdown, although referee Alain Rolland was wise to this and the penalty count mounted. McCaw's team grew frustrated, as did the Boks - between them, Ruan Pienaar and Morne Steyn missed five cracks at goal. Had they been successful, the Boks would have been out of sight. Early in the second half the score was 17-3 to the Boks, but a hallmark of the All Blacks is that they never give up. A drop in the Boks' intensity coincided with the All Blacks sending on a slew of replacements. This helped them produce the most fluid period of the match and they raced back into contention when centre Conrad Smith slid through.

Yet even with this setback the Boks could summon the extra gear, resulting in a sensational try to Jaque Fourie in the 73rd minute. It was a hammer-blow that took the game away from their greatest enemy. Next weekend the two teams get to do it all again in Durban. For New Zealand, coach Graham Henry will have to ponder the composition of his line-out, the choice of No 9 (Brendon Leonard was leaden-footed) and perhaps even the future of Joe Rokocoko, who never once posed the sort of danger he has in seasons past.

For the Boks, Jean de Villiers picked up a knee injury while Ruan Pienaar's sore foot had him replaced. There is also the small matter of dealing with Bryan Habana, who is in a pickle after apparently being seen returning to his hotel at 1am on the morning of the match. Proof, as always, that things are never dull in South African rugby. sports@thenational.ae

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Director: Rohit Shetty

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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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Francesco Totti's bio

Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

Total seasons 24

First season 1992/93

Last season 2016/17

Appearances 786

Goals 307

Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2

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Started: August 2020
Founder: Areej Selmi
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MATCH INFO

 

Maratha Arabians 107-8 (10 ovs)

Lyth 21, Lynn 20, McClenaghan 20 no

Qalandars 60-4 (10 ovs)

Malan 32 no, McClenaghan 2-9

Maratha Arabians win by 47 runs

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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.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

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.”

Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

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Brief scoreline:

Toss: South Africa, elected to bowl first

England (311-8): Stokes 89, Morgan 57, Roy 54, Root 51; Ngidi 3-66

South Africa (207): De Kock 68, Van der Dussen 50; Archer 3-27, Stokes 2-12

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