Mandela Sees Market Economy
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African National Congress leader Nelson Mandela said Sunday in Switzerland that a majority-rule South Africa would need a market economy to provide the growth needed to pull millions of blacks out of poverty.
Mandela told the World Economic Forum that the ANC was still discussing with business leaders whether a future government would nationalize some industries.
He urged businessmen attending the forum with politicians at the Swiss mountain resort of Davos to invest in South Africa.
But he repeated his demand that economic sanctions should not be lifted until an interim, broad-based government is brought in, ending apartheid. He also stressed that wealth and income must be redistributed.
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