The government has held talks with captains of industry and commerce over urgent solutions to macro-economic challenges that are threatening survival of businesses.

As companies gear for operations in 2019, it is the ability to sustain profits, operate under a stable environment and maximise production, among others that is of greater importance.

Industry is concerned over the operational climate this year, prompting a closed door meeting involving captains of industry and commerce as well as government representatives in Harare today (Wednesday).

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.

At the meeting, the government reaffirmed its 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,” Industry and Commerce Minister Cde Mangaliso 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.