Mining companies in South Africa have to overturn the latest job cuts in the industry to revive the economy and boost investor confidence.
His comments come later Lonmin said it plans to cut 4,100 platinum mines closed, while in February, Sibanye Gold said the restructuring of its unprofitable operations in South Africa could lead to more than 6,000 job losses.
"Companies must ensure that there is a balance in what they do in terms of shareholder expectations and public expectations," Gordhan told a dinner organized by the South African Mineral Council in Johannesburg.
While yield has long been at the heart of the South African economy, government policy uncertainty, strikes and rising costs have contributed to a decline in investment that has affected the country's overall growth. Companies have to make a deal with the government for a new mining charter that sets rules for industry ownership, Gordhan said.