While addressing The Joburg Indaba, Mantashe said South Africa was experiencing a trust deficit.
(READ MORE: Joburg Indaba puts spotlight on S.African mining sector)
“If we do not work on the trust deficit we are not going to turn the industry around,” said Mantashe adding that how each participant imagines a successful future was critical going forward.
He further noted that government could not be expected to play night watchman for capital.
“The ANC is the vanguard of the society and not of the working class. The ANC must mobilise all sectors of the society to make sure that the NDP succeeds,” added Mantashe.
Mantashe added that the industry must be very bold and confident about where it wants to go in the future.
The ANC chief reprimanded industry players for not helping debunk the negative narrative about the country.
“If we can’t manage what we are having currently our future will not change.”
Mantashe warned that while mining created billionaires, the communities surrounding those mines remained in abject poverty which created resentment.
He further noted the need to change the sociology of the country urging the industry to embrace black economic empowerment.
“Black economic empowerment is a necessity and a business imperative,” he said.
“The wealth of the economy should be deracialised and we also need to promote coaching and mentorship as it is critical to the much required transformation.”
(READ MORE: Mining is S.Africa’s alpha and omega: Ramatlhodi)
Mantashe said the industry must facilitate transformation at the senior management level going forward.