This screengrab shows Australian surfer Mick Fanning being attacked by a shark during the Final of the JBay surf Open on Sunday July 19, 2015 in Jeffreys Bay. AFP PHOTO / WSL
This screengrab shows Australian surfer Mick Fanning being attacked by a shark during the Final of the JBay surf Open on Sunday July 19, 2015 in Jeffreys Bay. AFP PHOTO / WSL

Professional surfer fights off shark attack during competition on live television



Johannesburg // An Australian surfing champion fought back against a shark attack on live television during a competition in South Africa on Sunday, escaping from the terrifying scene without injury.

Mick Fanning, 34, was competing in the final heat of a world tour event at Jeffreys Bay in the country’s Eastern Cape province when a looming black fin appeared in the water behind him.

In a churn of water and spray, Fanning could be seen battling to fend off the shark.

Scroll down to see the video footage

“It came up and got stuck in my leg rope,” he said in a television interview afterwards.

“I was kicking and screaming. I just saw a fin. I didn’t see teeth. I was waiting for the teeth to come at me as I was swimming. I punched it in the back.”

Fanning, a triple world champion nicknamed “White Lightning”, was sitting on his board in the water when the shark lunged at him, tipping him off the board.

He was taken out of the water by safety crews in nearby rescue boats, and said he had only lost his board leash.

The World Surf League (WSL), which organised the J-Bay Open, said two sharks were spotted in the water near Fanning and his rival Julian Wilson, also from Australia.

“We were all watching and then all of a sudden you could see the fin so we knew it was a shark,” spectator Kaylee Smit told the News24 website.

“We could see the splashing and he was knocked off his board.

“I thought this guy was going to die in front of us.

“The whole crowd rose to their feet in complete silence and then that was broken by the announcer screaming over the information system for people to get out of the water. I am still in shock and I am shaking,” Smit said.

The WSL issued a statement saying that the competition was cancelled after discussions with both surfers.

“Mick’s composure and quick acting in the face of a terrifying situation was nothing short of heroic and the rapid response of our Water Safety personnel was commendable,” it said.

Craig Lambinon, spokesman for the National Sea Rescue Institute, told ENCA television news: “We believe it is probably the first time that an incident like this at a surfing competition has been caught on camera.

“The NSRI is urging bathers and surfers to be cautious in the area.

“It is a person’s own prudence that they exercise in entering the water. We know that there are sharks in the sea, and we are really going into their environment.”

Calvin Bradley, of surf magazine ZigZag, was watching from the beach when the attack took place.

“(Fanning) was waiting for his wave to come through and while he was staring out to the horizon, suddenly a fin suddenly appeared behind him,” he said.

“Everyone’s heart just dropped because we knew exactly what was happening... He disappeared behind the waves and we were expecting the worst.

“It looked like he managed to get off the shark with his kicking and punching.

“He escaped unscathed, his leash was bitten by the shark and the rescue crew... rushed to where he was and brought him on board. He was very shaken.”

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Day 3, Abu Dhabi Test: At a glance

Moment of the day Just three balls remained in an exhausting day for Sri Lanka’s bowlers when they were afforded some belated cheer. Nuwan Pradeep, unrewarded in 15 overs to that point, let slip a seemingly innocuous delivery down the legside. Babar Azam feathered it behind, and Niroshan Dickwella dived to make a fine catch.

Stat of the day - 2.56 Shan Masood and Sami Aslam are the 16th opening partnership Pakistan have had in Tests in the past five years. That turnover at the top of the order – a new pair every 2.56 Test matches on average – is by far the fastest rate among the leading Test sides. Masood and Aslam put on 114 in their first alliance in Abu Dhabi.

The verdict Even by the normal standards of Test cricket in the UAE, this has been slow going. Pakistan’s run-rate of 2.38 per over is the lowest they have managed in a Test match in this country. With just 14 wickets having fallen in three days so far, it is difficult to see 26 dropping to bring about a result over the next two.

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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.”

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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