'When you renovate a house there is disruption. There is no way we can transform this economy without disrupting the status quo,' said Julius Malema in Midrand at the Black Business Council annual summit.
EFF leader Julius Malema has lamented the lack of alarm shown by South Africans over the deteriorating state of the economy which saw SA slipping into recession this week.
“We have a problem of lack of transformation in the economy, and this economy which is not growing is white-owned. It is not owned by black people and there is no serious criticism of it, is white-owned. Imagine if this economy was to enter recession and owned by black people. It would be referred to as another failed African state,” he said.
“We must reclaim our economy. There cannot be a reclaiming of the economy without a fundamental change. White people tell you ‘the way you go about it will collapse this economy’ but the reality is…and I am happy I am speaking to the black elite who have gone through the renovation of houses…when you renovate a house there is disruption. There is no way we can transform this economy without disrupting the status quo.
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