No dearth of tracks over Table Mountain



With its diverse flora, ever-changing landscape and breathtaking views, Table Mountain is one of Cape Town's must-visit places.

The first car goes up Cable Mountain at 8.30am and the last car descends at 9.30pm. Return journeys for adults cost 160 rand (US$21; Dh77). Note that the cable cars do not operate on windy days and during bad weather. Hiking on Table Mountain is very popular among locals and tourists, and a number of trails of varying difficulty are available. The four Hoerikwaggo Trails (People's, Table Mountain, Orangekloof and Top to Tip) are operated by South African National Parks (www.sanparks.org; 00 27 21 465 8515) and offer two- to six-day hikes that range from easy to strenuous. On the Orangekloof trail, for example, hikers cover nearly 27 kilometres over two days and it is not recommended for the faint-hearted. At R420 (Dh200) per person, the cost includes cable-car rides, permits to restricted areas and luggage transportation. Hikers are accommodated in tents that sleep two to four people.

The guided plateau walks (www.tablemountainwalks.co.za) are the most popular. They depart daily at 10am and 12pm from the Upper Cable Station at a signposted meeting point. Of these, the Dassie Walk is the most popular, probably because it is one of the shortest (it's a 15-minute stroll) and classified as "very easy". Agama Walk is an idyllic, 30-minute climb which offers 360-degree views of Cape Town and Cape Peninsula.

For those who want to venture out on their own and prefer more challenging routes, there is plenty to choose from. Platteklip Gorge path, along one of the most prominent gorges down the centre of the main table ( the gorge divides the plateau into two "tops") offers a direct ascent to the summit . It takes about two and a half hours (depending on how fit you are). In summer, it ends with a view of sunshine conebush in full bloom.

If you're looking for a longer, more arduous climb, go via Back Table, a lower area on the mountain that leads to the south of the main plateau. Or attempt the climb from the Southern Suburbs side, where the Skeleton Gorge route - a strenuous three-and-a-half-hour ascent - takes you up to the top of Nursery Ravine and then in a gentle descent to the Kirstenbosch National Botanical Gardens. The Bridle Path, also called the Jeep Track because it is laid with asphalt, is a gradual but tricky climb from Constantia Nek along a road that once used to connect the Back Table dams.

Besides these, there are many other paths on the lower slopes of the mountain that can be accessed from Constantia Nek, Cecilia Forest, Kirstenbosch, Newlands Forest and Rhodes Memorial. On the Atlantic side, the most popular ascent is Kasteelspoort, a gorge overlooking Camps Bay, while the Pipe Track is a level route branching off into several paths leading up to the Twelve Apostles ridge. It is popular among those looking for a casual, scenic stroll.

Do you have travel questions or queries? E-mail them to us at travel@thenational.ae

Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

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Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind

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.”

Results

6.30pm: Al Maktoum Challenge Round-2 Group 1 (PA) US$75,000 (Dirt) 1,900m

Winner: Ziyadd, Richard Mullen (jockey), Jean de Roualle (trainer).

7.05pm: Al Rashidiya Group 2 (TB) $250,000 (Turf) 1,800m

Winner: Barney Roy, William Buick, Charlie Appleby.

7.40pm: Meydan Cup Listed Handicap (TB) $175,000 (T) 2,810m

Winner: Secret Advisor, Tadhg O’Shea, Charlie Appleby.

8.15pm: Handicap (TB) $175,000 (D) 1,600m

Winner: Plata O Plomo, Carlos Lopez, Susanne Berneklint.

8.50pm: Handicap (TB) $135,000 (T) 1,600m

Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.

9.25pm: Al Shindagha Sprint Group 3 (TB) $200,000 (D) 1,200m

Winner: Gladiator King, Mickael Barzalona, Satish Seemar.

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund