South Africa’s AB de Villiers bats during the first ODI against New Zealand on Tuesday at Mount Maunganui in New Zealand. Michael Bradley / AFP / October 21, 2014
South Africa’s AB de Villiers bats during the first ODI against New Zealand on Tuesday at Mount Maunganui in New Zealand. Michael Bradley / AFP / October 21, 2014

AB de Villiers guides South Africa to comfortable ODI win



South Africa cruised to a six-wicket win over New Zealand in the first one-day international at Mount Maunganui on Tuesday, guided home by a captain’s knock from AB de Villiers.

The Proteas ended their run chase at 236 for 4 in 48.1 overs, easily overhauling the 231 target New Zealand set after losing the toss and being sent in to bat.

De Villiers top-scored for South Africa with 89, ably supported by JP Duminy (58), who combined with his skipper for a 139-run partnership when the Proteas were looking wobbly at 97 for 4.

Wicketkeeper Luke Ronchi’s gritty 99 was the standout performance for the Black Caps but he had little support apart from unlikely strike partner Trent Boult, with whom he set a New Zealand record 10th-wicket stand of 74.

The three-match series is essentially a World Cup warm-up for both sides as New Zealand prepare to co-host the tournament next year.

However, South Africa could also overtake Australia as the world’s top ranked ODI team if they complete a 3-0 whitewash over the Black Caps, who are ranked seventh.

De Villiers said he was pleased with the side’s performance, aside from his bowlers’ failure to snuff out the dogged resistance of Ronchi and Boult.

“We’ve got to finish big games of cricket, especially big games of cricket coming up, I’m thinking of World Cups and must wins,” he said. “In the World Cup, if you get teams to nine down you have to finish them off.”

New Zealand captain Brendon McCullum said he was pleased at his side’s fightback after losing early wickets and the return of veteran all rounder Daniel Vettori after 15 months on the sidelines.

“There were some fighting qualities there but unfortunately the class of AB and JP towards the end meant we couldn’t win,” he said.

New Zealand, in their first ODI since January, looked rusty at the crease.

They opened cautiously after losing the toss and being sent in to bat, with Jimmy Neesham waiting until the third over to score the first boundary.

The hosts slumped to 68 for 5 before Ronchi and Tom Latham (29) set about rebuilding the innings, only for their 67-run partnership to end when wicketkeeper Quinton de Kock stumped Latham after he strayed from his crease pursuing a shot.

Ronchi continued to run out of partners and New Zealand slumped to 156 for 9, with not much expected when Boult arrived at the crease boasting a previous ODI high score of five.

The paceman dug in, even managing a six off Morne Morkel, before the innings ended with South African bowlers Vernon Philander, Morkel, Imran Tahir and Ryan McLaren all taking two wickets apiece.

South Africa received a minor scare when Boult dismissed De Kock and Faf du Plessis cheaply but the rest of the attack struggled for wickets as New Zealand attempted to defend a modest total.

Rilee Roussouw (26) and Hashim Amla (38) kept the runs ticking over but failed to capitalise after making good starts.

De Villiers then lived up to his ranking as the No 1 ODI batsman in the world, combining with Duminy to comfortably seal the victory.

The next match on Friday is also in Mount Maunganui, with the series wrapping up in Hamilton on October 27.

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Pad Man

Dir: R Balki

Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte

Three-and-a-half stars

UAE currency: the story behind the money in your pockets

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

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Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

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Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

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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.”

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.


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