Tough uphill slog now awaits debt-laden Omnia

Business

Tough uphill slog now awaits debt-laden Omnia

The chemicals firm is probably deeply regretting the acquisitions of Umongo Petroleum and Oro Agri

Siseko Njobeni

Seeing as the company sits atop a huge pile of debt, there are quite a few decisions that Omnia management wish they had not taken a few years ago.

These include the acquisitions of  Umongo Petroleum and Oro Agri, which led to the quick accumulation of debt.

But, as the saying goes, hindsight is always 20-20...

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