He was speaking at the Airports Company of South Africa's (Acsa's) annual results presentation at OR Tambo International Airport.
"The department of transport remains responsible for the land and we will ensure that due process is followed to obtain the best proposal on the table," the minister said.
A Request for Expressions of Interest would ensure that all interested parties were given the opportunity to submit proposals on the land.
"It is our intention that this process is completed in the shortest time possible in the interest of all bidders and the country as a whole," Ndebele said.
Further announcements would be made in the coming weeks.
The steering committee will consist of the department of transport, the province of KwaZulu-Natal, Acsa, and the city of Durban.