South Africa holding firm in the global financial crisis
Grindrod Bank, the financial services arm of leading shipping and logistics company, Grindrod Limited, reports that South Africa is managing to hold firm in the current global financial crisis, and that its economy is, in fact, in much better shape than many other national economies.
South Africa is not ``falling apart'' and the ruling African National Congress 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.