The Straits Times
www.straitstimes.com
Published on Dec 16, 2012
 

South Africa is not "falling apart": President Zuma

 
 

BLOEMFONTEIN, South Africa (REUTERS) - South Africa is not "falling apart" and the ruling African National Congress (ANC) can run the continent's biggest economy, President Jacob Zuma said on Sunday, as he sought to dispel the concerns of rating agencies and investors about sluggish growth.

In his opening address to an ANC conference to choose its leadership for the next five years, Mr Zuma said two downgrades by international ratings agencies this year did not mean South Africa was in trouble.

"We want to dismiss the perceptions that our country is falling apart because of the downgrades," he said.

"We continue to do our development work, we continue to plan for a recovery."