It has hardly been sport's finest hour, moments in time in which the Corinthian spirit was damaged before shattering into tawdry little pieces.
Embracing scenes that she was probably more accustomed to before her marriage to Nelson collapsed, the debatable Winnie Madikizela-Mandela is one of several political figures in South Africa who have attempted to turn the plight of the unfortunate Caster Semenya into something that it is not.
It has been a shameless form of opportunism more illuminating than Semenya's surge to the line in winning gold at the World Athletics Championships in Berlin.
The International Association of Athletics Federations' failing has been in allowing the genetic testing of Semenya to become public knowledge after her winning run in the women's 800 metres. The race to exploit her situation has developed quicker than any time she has posted.
This remains a gender issue, not one of race. The truth has got lost somewhere in the ensuing melee, failing to stop Mandela, and various pressure groups pursuing their own agenda.
The IAFF have botched the handling of the Semenya case, a point conceded by its president Lamine Diake, who is probably still wincing as an internal inquiry in the full glare of the public is carried out.
Whatever the outcome of a gender test that will take weeks to complete, the outcry should ensure Semenya keeps her title. Unless she is guilty of doping, it would seem like the logical decision.
Allegations of sexism and racism and even reference to the days of apartheid have all been tabled. These are all bogus claims.
This 18-year-old girl appears to have done nothing wrong other than win a major race. Her gold has been political gold to the African National Congress and assorted political groups, who ushered her off a plane at Johannesburg Airport like some sort of returning boxing champion.
This could take its toll mentally. The teenager's treatment at the hands of her compatriots has been as badly handled as the IAFF's investigation, but its decision cannot be faulted if the guidelines for testing are stipulated in its constitution.
"There's a stereotype, a woman should put on make-up, high shoes and be soft, but she is a strong woman because women are strong," said Nehwoh Belinda of the rights group People Opposing Women Abuse.
In sport, women have another stereotype. Females have consistently been in touch with their masculine side.
A woman athlete showing male traits is not new. Women have tried to gain an advantage over their female compatriots by becoming more manly, a point never lost on the old Eastern Bloc countries.
The Polish athlete Stella Walsh won an Olympic sprinting gold in the 1930s, but was found to be male after she was shot dead in an armed robbery in 1980. Heidi Kreiger, one of many mechanical East Germans of the 1980s, binged on so many steroids that she became Europe's top shot putter in 1986 before turning into a man. She underwent a sex change operation. She now goes by the moniker of Harold.
To run faster, swim faster. throw longer or get more shots across the net, some women have had to be like men.
If Semenya was competing in the men's final, where would she have finished?
Cuba's Yeimer Lopez finished last in the final of the men's 800m with a time of 1.47.80secs. Semenya won her race in 1:55.45secs.
Only two men finished slower than Semenya's winning time in heats. She is hardly ready to become the next Saïd Aouita.
Semenya is said to have a deep voice and a manly physique. This is surely nothing new. Martina Navratilova subscribed to the need to gain muscle in women's tennis in the 1970s. In 2009 she looks almost elfish. Serena Williams and Amelie Mauresmo sport biceps that would have most ordinary blokes running for cover, but no matter how they work out in the gym, they could not live with the leading men in tennis.
It is not being sexist to make the point that while sportswomen produce entertainment, sport at its optimum level will always be performed by men.
Modern man may cart around manbags and wear moisturisers these days, but he is most in touch with his feminine side in sport when he cries after an exacting loss.
Women receive equal prize money in the grand slam tennis tournaments, but play only three sets. Wimbledon is always a time for opinions on the merits of the women's game.
"They want to look good, they pay attention to their looks and everything. That's what they sell," said Michael Stich, the 1991 men's singles champion.
In pursuits where there are no physical barriers, women continue to toil against the competitiveness of men. In golf, Annika Sorenstam and Michelle Wie have missed cuts against men.
"It's just different for ladies to play on the men's tour," said Vijay Singh, who refused to play alongside Sorenstam at one event.
"It's like getting the Williams sisters to play [tennis] against a man, and they're far better athletes than she [Sorenstam] is. She doesn't belong out here."
The US women golfers won the Solheim Cup. They would collapse under the duress and strain of a Ryder Cup crowd, especially in the US.
It would be fair to say Semenya is as womanly as any other sportswomen, even if she decided to have a shave on the starting line of her next race.
Sport remains a place where men are men, and women want to become men.
@Email:dkane@thenational.ae
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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.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
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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Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
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ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
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Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com