PRETORIA - The economy is going in the wrong direction.
That's how EFF leader Julius Malema described the current economic situation in the country.
Malema says state-owned enterprises are a serious problem.
He was speaking at the Black Business Council Summit.
"All the sectors that are supposed to form the core of industrial policies suffered negative growth," he said.
"Even government suffered a negative growth of 0.4 percent."
Malema said those responsible for growing the economy is living in a bubble.
"The reality is we can't listen to a minister who says nothing," he said.
South Africa entered into a recession on Tuesday.