He was speaking at a meeting at the University of Johannesburg's Soweto campus, which was attended by academics, business people and civil society to discuss the outcome of the ANC policy conference that was held in June.

He said the economic transformation backlog would be dealt with through the adoption of radical policies later this year. Thirteen draft policy documents emanating from the policy conference will be discussed and adopted in Mangaung.

Mantashe also hit out at the tender system and highlighted the unintended consequences of black economic empowerment, which had so far failed to transform the economy.

He said the dynamics in the ruling party had changed as it was currently marred by "negative tendencies".

But he played down factionalism .

"I don't think the fact that people have different views means the organisation is stagnant," Mantashe said.