How stable is the South African economy?
Currently the whole world is experiencing a slowdown of economic growth. Even India and China register less growth due to high energy costs and trouble in the American market. This slowdown in the US economy, the melt down of the financial sector and less growth forecasted for the Eastern economies, investors turn to Africa now for investments and keeping their assets safe and with returns. The financial sector here is robust and quite well regulated and is rated as one of the more stable financial systems worldwide. The South African foreign debt is comparably low and the attraction for foreign investment is high with great interest rates and a stable market. South Africa still seems to cope with the higher prices in the oil and food sector even though there are worries about a looming energy crisis. South Africa experienced their highest economic growth in the last years and even during times of economic turmoil there is slight growth figures of around 1% expected for 2009, while the
