PORT ELIZABETH, South Africa // Dean Elgar played a solid anchor role in an improved South African batting performance before two late wickets swung the balance towards Australia on the first day of the second Test against Australia at St George’s Park on Thursday.
Elgar made 83 as South Africa reached 214 for five before bad light ended play.
It has been a time of contrasts for the left-handed Elgar, who heard that he would be playing in Port Elizabeth on the same day that he was told his central contract with Cricket South Africa was not being renewed.
“It was disappointing news before a big Test,” Elgar said, “but it probably served as added motivation.”
In all likelihood Elgar would have batted sixth or seventh, but he was told on the morning of the match that he would be in his preferred position as opening batsman because Alviro Petersen was ill.
It was the first time in eight Test matches that he had opened, but most of his first-class career has been at the top of the order.
“I’m more at home opening the batting,” he said.
Elgar showed admirable patience during a 192-ball innings, but it was a lack of that quality that cost him his wicket and opened the door for Australia, who won the first Test in Centurion by 281 runs.
He had earlier hit off-spinner Nathan Lyon for two sixes but an attempt to hit a third went horribly wrong, with the ball slicing high off the outside half of his bat to cover.
New cap Quinton de Kock also went softly, lofting part-time leg-spinner Steve Smith to mid-off.
On a slow pitch that negated the menace of Mitchell Johnson and his fellow fast bowlers, Lyon was the best of the Australian bowlers, taking two for 47 in 23 overs.
“We thought it was a pretty good day,” Lyon said. “We knew it was a slow pitch and we had to work hard. We’ll hopefully take the new ball tomorrow, take five quick wickets and get batting.”
South Africa lost captain Graeme Smith and Hashim Amla inside the first six overs. But Elgar and Faf du Plessis (55) put on 112 for the third wicket - only the second century stand against Australia since the start of their 5-0 Ashes sweep against England earlier in the summer.
Elgar saw Smith and Amla depart before he opened his score off the 20th ball he faced. But he never lost his composure and handled the pace of first-Test destroyer Johnson with courage and skill, albeit in conditions more batsman-friendly than in the first Test at Centurion.
With seven overs remaining in the day, Australian captain Michael Clarke appeared to want to take the second new ball, only to be told by the umpires that the light was not suitable for batsmen to face fast bowling.
AB de Villiers and JP Duminy, South Africa’s last two specialist batsmen, will resume on Friday and are likely to have to combat the second new ball.
De Villiers took some time to adjust to the pace of the pitch but finished the day unbeaten on 51. It was the twelfth consecutive Test in which he had made a half-century or better – a new Test record.
Ryan Harris made the first breakthrough when Smith played across the line and was leg before wicket for nine. Johnson followed up with his 50th Test wicket in seven matches since the start of the Ashes series against England when Amla was beaten for pace and trapped leg before with a full-pitched delivery.
Elgar and Du Plessis steadied the innings before Du Plessis was out off the first ball of the afternoon drinks break, turning a ball from Lyon into the hands of Steve Smith at short leg.
Elgar was one of three changes to the South African team. In a surprise move, De Kock, another left-hander, who was not part of the original squad, was flown in on Wednesday night and batted at No 6, with the selectors opting for a specialist batsman in place of injured all-rounder Ryan McLaren.
Left-arm fast-medium bowler Wayne Parnell replaced left-arm spinner Robin Peterson.
sports@thenational.ae
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
MATCH INFO
Manchester United 1 (Rashford 36')
Liverpool 1 (Lallana 84')
Man of the match: Marcus Rashford (Manchester United)
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press
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.”