England paceman Toby Roland-Jones was understandably elated after a stunning start to his Test career saw him run through South Africa's top order at The Oval on Friday.
Roland-Jones removed both Proteas openers, star batsman Hashim Amla and dangerous No 4 Quinton de Kock on his way to a return of 4-39 in 11 overs.
At stumps on the second day of the third Test, South Africa were 126-8 in reply to England's first innings 353, which featured a hundred from Ben Stokes.
Although faced with a deficit of 227 runs, this represented something of a recovery by the Proteas after they had collapsed to 61-7 in the face of an inspired spell from Roland-Jones, who made his name on the other side of London's River Thames with Lord's-based reigning county champions Middlesex.
The Proteas, all square at 1-1 in this four-match series after their thumping 340-run win at Trent Bridge, need 28 more runs to avoid the follow-on - and they will hope Vernon Philander is fit enough to help them after an overnight hospital stay due to a suspected viral infection.
Philander would certainly have relished the heavy cloud cover the Roland-Jones, 29, enjoyed in a haul that saw him have Amla, who made South Africa's record Test score of 311 not out at The Oval five years ago, caught behind for a mere six runs on Friday.
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"I suppose this is the moment that every young kid dreams of, representing their country - and I'm no different," Roland-Jones said. "The way this afternoon unfolded was certainly something I hadn't pictured.
"You try to have a pretty simple plan in your head but things [just] seemed to catch fire a little bit."
As for getting rid of Amla, Roland-Jones said: "It was nice to see the back of him, knowing it was always going to be a key wicket."
Stokes ensured his early hard work and former captain Alastair Cook's innings of 88 did not go to waste.
Watch Stokes get to a hundred
The Durham all-rounder went to his fifth Test century in style with successive sixes off spinner Keshav Maharaj, although the first was caught right out in the deep by Faf du Plessis only for the South Africa captain to brush a boundary marker with his shoulder.
"It's probably one of those [hundreds] I've worked for the hardest," Stokes said. "I didn't feel in the best of form on the first day, played and missed at quite a lot of balls - and Vernon had a couple over me.
"I just had to stick in there with Cooky. We knew we just had to work through the hard times, and put away any bad balls."
Stokes was still nine runs shy of a century when James Anderson, England's last man, walked out to bat.
"Jimmy said 'What are you going to do?' - and I think I just said 'Wallop'," Stokes explained. "Thanks to Faf - he took a good catch, but just managed to fly over."
Philander's absence left South Africa with a huge gap to fill and a team spokeswoman said: "He is going to spend the evening in hospital.
"He is on a drip at the moment.
"The doctors think it might be a viral infection, and we will only know tomorrow [Saturday] whether he can take any part in play," she added. "He will be reassessed in the morning."
Dust and sand storms compared
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MATCH INFO
Real Madrid 2
Vinicius Junior (71') Mariano (90 2')
Barcelona 0
10 tips for entry-level job seekers
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Our legal columnist
Name: Yousef Al Bahar
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Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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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.”
