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South Africa President Zuma: Country is not 'falling apart'

By REUTERS

DECEMBER 16, 2012 14:44

BLOEMFONTEIN - 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, 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."

Zuma said the government was relying on its long-term National Development Plan as its strategy for undoing the "glaring and deep" inequalities left by decades of white-minority apartheid rule, which ended in 1994.

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