Elgar's hometown hundred takes South Africa to narrow lead over India in First Test


  • English
  • Arabic

An unbeaten century from veteran Dean Elgar and fifty on debut from David Bedingham allowed South Africa to take an 11-run lead with five wickets in hand over India when bad light ended play on the second day of the First Test at Centurion on Wednesday.

The 36-year-old Elgar is retiring from international cricket after the two-Test series but played one of the best innings of his long career as he scored 140 not out to help the hosts to 256-5 in reply to India’s first innings total of 245.

He will resume on Thursday with Marcio Jansen, who has three, with South Africa seeking to build a decent lead.

Elgar, who took over the captaincy after Temba Bavuma pulled his hamstring fielding on Tuesday, played some unusually flamboyant front foot strokes in a chanceless innings against a fearsome attack on a track set up for the seamers.

He scored a 14th test century but his first at Centurion, which is his home ground.

Elgar brought up his ton in 140 balls and featured in two important partnerships – first 93 runs for the second wicket with Tony de Zorzi, which set a good foundation, and then 131 with Bedingham for the fourth wicket.

The 29-year-old Bedingham looked assured and confident on debut as he scored 56 before being bowled by Mohammed Siraj, who finished the day with figures of 2-63.

Jasprit Bumrah also took two wickets, squaring up De Zorzi (28) and forcing a thick edge to third slip and then bowling Keegan Petersen for two.

Siraj had taken the first wicket of the innings when Aiden Markram went cheaply for five in the fourth over of South Africa’s knock.

Elgar told Sky Sports: “I think things just clicked today. I’ve been in really good form in domestic cricket and I don’t really have a lot to lose now, do I?

“It’s my last series and I want to play with a bit of freedom. But I still want to score runs and get us into winning positions. It did get a little bit easier to bat after lunch and I came out with that positive mindset of looking to score.

“I’m extremely proud of scoring my first century at Centurion.”

Earlier, KL Rahul completed his century before India were dismissed for 245 in their first innings, moving on from 208-8 overnight with play commencing 25 minutes late because of light drizzle.

Rahul, who was 70 not out at the start, went to an eighth Test ton in spectacular fashion, hammering a six into the crowd as the tourists added 37 runs to their first day score before being bowled out.

He had provided stout resistance on the opening day as South Africa threatened to dismiss India cheaply but were let down by spilt catches and inconsistent bowling.

Rahul came out again on Wednesday with the same aggressive intent and put away the bad balls to reach his century before being the last man dismissed as Nandre Burger bowled him for 101 off 137 balls.

Burger finished with 3-50 on his debut with Kagiso Rabada the pick of the home bowlers with 5-59.

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.”

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

Updated: December 27, 2023, 4:29 PM