CAPE TOWN // Jacques Kallis scored his 39th Test century and was the last man out after a magnificent 161 as South Africa were bowled out for 362.
But it was India that held the edge at the end of the second day of the series-decider at Newlands after Shanthakumaran Sreesanth's wonderful spell of bowling with the second new ball tilted the game their way.
By the end of play, Gautam Gambhir and Sachin Tendulkar had added 114 for the third wicket and with the pitch expected to be best for batting on day three, India have at least a decent chance of becoming the only side other than Australia to win here since 1962.
Such a turnaround looked extremely unlikely as South Africa, resuming on 232 for four, negotiated the first half-hour of play with scarcely an alarm.
But as soon as the 80 overs were up, MS Dhoni had Zaheer Khan take the new ball. Ishant Sharma shared it, but after one over from him, Sreesanth was brought on.
His fifth delivery, which he called "the best I've ever bowled to a left-hander", came out with the seam bolt upright and hit the pitch well outside off stump. It then darted back sharply to clip the top of the off stump, leaving Ashwell Prince bemused as he walked off.
The next ball moved away off the seam and took the edge of Mark Boucher's bat on its way through to Dhoni.
Suddenly, South Africa were down to the tail and it showed in the urgency with which Kallis played his shots.
Zaheer got Dale Steyn with a short delivery and Morne Morkel gave Sreesanth a five-wicket haul with a wild flail, but what followed was intensely frustrating for India. Paul Harris helped Kallis add 27 for the ninth wicket, before Lonwabo Tsotsobe showed both a straight bat and plenty of guts during the course of a 52-run stand.
Through it all, Kallis, who struck some lovely drives and stunning pulls, had batted with a reductor muscle strain that will rule him out for at least a fortnight.
He will bat again if necessary but his absence as fourth seamer was keenly felt as India recovered from a wretched start.
Steyn dismissed Virender Sehwag for the seventh time in 10 Tests, checking a drive to Graeme Smith at mid-off, and Rahul Dravid's woes in South Africa continued when he was run out in bizarre circumstances.
Gambhir edged Tsotsobe to gully, where Alviro Petersen could only palm the ball behind. AB de Villiers ran back from second slip and threw the stumps down with Dravid still short of the crease.
Another failure in the second innings, and an epic 12,000-run Test career could be over.
Gambhir accumulated runs as he usually does, clipping the ball off his pads and driving it square, while Tendulkar produced a couple of gorgeous drives in an otherwise unremarkable innings.
Consolidation was clearly the name of India's game and they went through the final session with no further damage.
Sreesanth, who used to be a legspinner before being moulded as a seam bowler at the MRF Pace Foundation in Chennai where Dennis Lillee was his coach, stressed on the importance of patience.
"They were in a hurry to play those balls," he said. "So maybe I was lucky to get wickets. Hitting the seam really helps, especially when playing outside India."
For Kallis, it was a third successive century on his home ground. "I grew up watching cricket here, missing school and all that," he said with a satisfied smile after what must rank as one of his best innings.
"In South Africa, it's important you know where off stump is. You grow up on such pitches, and when in form, life is a lot easier.
"India bowled pretty well. But the tail showed guts and I thought we did well to get 360."
Without his ability to bowl though, his teammates could struggle a bit if the sun shines on the third day.
SCOREBOARD
South Africa 1st Innings:
Alviro Petersen c Dhoni b Sharma 21
Graeme Smith lbw b Khan 6
Hashim Amla c Pujara b Sreesanth 59
Jacques Kallis c Dhoni b Khan 161
AB de Villiers c Dhoni b Sreesanth 26
Ashwell Prince b Sreesanth 47
Mark Boucher c Dhoni b Sreesanth 0
Dale Steyn c Pujara b Khan 0
Morne Morkel c Dhoni b Sreesanth 8
Paul Harris c Pujara b Sharma 7
Lonwabo Tsotsobe not out 8
Extras: (1b, 6lb, 1w, 11nb) 19
TOTAL: (all out, 112.5 overs) 362
Fall of wickets: 1-17, 2-34, 3-106, 4-164, 5-262, 6-262, 7-272, 8-283, 9-310, 10-362.
Bowling: Zaheer Khan 29.5-6-89-3 (2nb), Shanthakumaran Sreesanth 29-0-114-5 (6nb, 1w), Ishant Sharma 27-6-77-2 (3nb), Harbhajan Singh 27-3-75-0.
India 1st Innings:
Gautam Gambhir not out 65
Virender Sehwag c Smith b Steyn 13
Rahul Dravid run out (De Villiers) 5
Sachin Tendulkar not out 49
Extras: (8lb, 1w, 1nb) 10
TOTAL: (for two wickets, 50 overs) 142
Fall of wickets: 1-19, 2-28.
Bowling: Dale Steyn 13-4-31-1, Morne Morkel 14-3-46-0 (1nb, 1w), Lonwabo Tsotsobe 12-3-28-0, Paul Harris 11-2-29-0.
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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.”
The biog
Name: Salem Alkarbi
Age: 32
Favourite Al Wasl player: Alexandre Oliveira
First started supporting Al Wasl: 7
Biggest rival: Al Nasr
Global state-owned investor ranking by size
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UAE
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Norway
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Canada
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Date started: 2014
Founders: Maaz Sheikh, Danny Bates
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Sector: Entertainment/Streaming Video On Demand
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The specs
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Student Of The Year 2
Director: Punit Malhotra
Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal
1.5 stars
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Paltan
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Pakistan
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
Results
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THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
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Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Predicted winners for final round of games before play-offs:
- Friday: Delhi v Chennai - Chennai
- Saturday: Rajasthan v Bangalore - Bangalore
- Saturday: Hyderabad v Kolkata - Hyderabad
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Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore
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Bantamweight 56.4kg
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Super heavyweight 94 kg
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Lightweight 60kg
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Light heavyweight 81.4kg
Mahmood Amin v Taha Marrouni
Light welterweight 64.5kg
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