South Africa’s (SA) power utility Eskom has reported improved financial and operational performance for the 2025-26 financial year, as profit after tax more than doubled from a previous $865 million to $1.8 billion.
The power utility attributed its improved performance to a sharp focus on systems recovery and strong leadership through executive competence and a reconstituted board.
Eskom says a 4% increase in revenue was supported by the 12.7% tariff increase however some potential growth in revenue was offset by a decline in sales.
SA Electricity and Energy Minister Kgosientsho Ramokgopa says, “The improved operational performance has translated into stronger financial outcomes.“
—ChannelAfrica—
