The group says only macroeconomic volatility affects bottom line more than transport, water and electricity decline
Omnia CEO Seelan Gobalsamy. Picture: FREDDY MAVUNDA/BUSINESS DAY
The company, run by Seelan Gobalsamy, listed “critical infrastructure failure” as the No 2 risk to the group which employs more than 4,000 people.The group said deteriorating road, rail, port, water and electricity infrastructure affects the “normal operating rhythm” of the organisation and the bottom line.
“We are making further investments this year as we continue to strengthen our supply chain through the purchase of additional ammonia rail wagons. This means we can transport and process ammonia products with increased independence relative to our competitors,” said chair“Our investments in renewable energy have been critical in supporting our business continuity — maintaining security of supply to our customers, creating jobs for our communities and reducing our affect on the planet.
Omnia, like many SA businesses, has had to contend with Transnet’s inefficiencies which have hurt the country’s exports. The economy and business efficiencies are also curtailed by rolling power cuts, which have been the norm since 2007.
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