Addressing the South African Business Club in London, Leon said South Africa could retain market orthodoxy or go backwards towards a statist command economy based on an outmoded Stalinist model.
"While there appears to be clear blue water between these visions, many aspects of the statist conception have lately become part and parcel of [President Thabo] Mbeki's economic trajectory, as he has made significant concessions to the leftist constituency in the tripartite alliance," Leon said.
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