Minister Mangaliso Ndlovu

Government held talks with captains of industry and commerce in Harare yesterday over urgent solutions to macro-economic challenges that are threatening survival of businesses in Zimbabwe.




The closed door meeting was prompted by industry’s concern over the operational
climate in the country this yea which seem to threaten their ability to sustain
profits, operate under a stable environment and maximise production, among
others that is of greater importance.

Concerns
from the business included foreign currency challenges that have seen stock
levels being reduced to at least one month supply with a private sector legacy
debt of US$150 million threatening survival of most firms.

Speaking
at the meeting, Industry and Commerce Minister Mangaliso Ndlovu reaffirmed
Government’s commitment to address the challenges that have been presented from
the industrialists, hence the engagement.

“The
meeting was sound and effective to the extent that we are anticipating a lot of
interest from the business community among others,” Minister Ndlovu said after
the closed door meeting.

Businesses
are therefore pinning hopes on urgent solutions to problems affecting viability
and supply chain of locally manufactured products in order to continue
operations.

The
meeting came shortly after government admitted the reality of non parity
between the Bond notes and hard currency which evoked the need to engage
stakeholders in charting a way forward on tackling immediate challenges.




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Tapiwa Kapisa

Tapiwa is a Journalist who is passionate about being a voice for the marginalised.

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