Proteas lose out to quota system



Politics governs everything we do - the games we play, the way we play them, who we play." That statement from the late, great British cricket broadcaster John Arlott certainly rings true, especially when talking about the South African cricket team. The quota system is certainly a taboo subject. Brought into play in 1998, Cricket South Africa now insist that a minimum four players of "colour" are included in their starting eleven for each match. The authorities now intend to scrap the policy by 2011 but South Africa would arguably be a better side without it.

Kevin Pietersen and Jon-athan Trott made their first Test match appearances in the country of their birth at Centurion yesterday. Pietersen, born in Pietermaritzburg, and Jonathan Trott, a Capetonian instead controversially opted to play for England. The extrovert Pietersen was not shy in explaining why in typically forthright fashion. "I was dropped because the quota system was brought into South African cricket to positively discriminate in favour of "players of colour" and to fast-track the racial integration of cricket in the country," he said in his 2006 autobiography, Crossing the Boundary.

While Trott has stayed fairly quiet on the subject, it is clear that he was met by similar frustrations. For Pietersen and for Trott, England have provided opportunities that did not exist in their homeland, a country that is slowly achieving its post-apartheid aims of integration. South Africa's four "players of colour" in the first Test - Hashim Amla, JP Duminy, Makhaya Ntini and Ashwell Prince deserve their places on merit. Amla, Duminy and Prince all average more than 40 in Tests with the latter pair close to the magic 50 mark. Ntini makes his 100th Test appearance for the Proteas in this match having spearheaded his country's attack for more than 10 years, taking 388 wickets.

But on England's last tour to South Africa in 2004-05, the captain Graeme Smith had an abundance of selection problems caused by the quota system. Mark Boucher, widely regarded as the world's best wicketkeeper, did not play in any of the first three Tests due to these political reasons. The South Africans' inability to amend their very own draconian rules proved to be their downfall during that series.

To get around their own regulations, the little known Thami Tsolekile took the gloves in the first Test, before Amla came into the side at Durban spectacularly failing in his first four Test innings against England. Boucher ultimately returned for the fourth Test, but the damage had been done by then. The South African side have been well settled over the last few years but it remains to be seen what effect this system has on this and future series. Pietersen and Trott would love to make their mark on their first Test tours "back home".

South Africa are progressing as a nation and a cricket team since the dark days of the past. But they need the scrapping of this system to gain the world's respect and move onwards. Not everyone is against it though. In 2006, just 14 per cent of white South Africans were in favour of racial quotas but that figure rose to 63 per cent when coloureds were asked the same question. A thorny issue it may be, but while the system provides opportunities for all, it discriminates against themselves as a sports team and a country.

2011 may be the year when quotas are abandoned but two former South Africans may punish them first. Arlott, anti-apartheid, once completed an immigration card question on race by writing "human". Smith probably feels the same way. sports@thenational.ae

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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.”

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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