Eskom has announced a major financial turnaround, reporting its first full-year profit in eight years and predicting even stronger results in the coming years.
The utility expects its profits to keep rising, supported by better performance at its power plants and continued financial support from the South Africa government.
One of the biggest improvements has been in electricity supply. Eskom, once known for frequent power cuts, has significantly reduced outages. It recently reached about 300 consecutive days without load shedding—a huge change compared to previous years, when blackouts were almost constant.
Eskom still produces most of its electricity from coal, but it also uses nuclear, water, and diesel-powered facilities to meet demand.
Despite this progress, problems remain. A major concern is unpaid electricity bills from municipalities, with debt owed to Eskom rising to over 110 billion rand. This could affect the company’s financial stability if not resolved.
Looking ahead, Eskom plans to invest heavily—over 300 billion rand in the next five years—to upgrade infrastructure and improve energy supply. It may also work with private partners to expand its projects.
In simple terms, Eskom is finally improving after years of financial and operational trouble, but it still needs to manage debt and maintain progress to stay stable.
Source: TRT Africa
