Eskom made a profit after tax of R16.0 billion ($927.24 million) in the year to the end of March 2025, compared to a loss of R55.0 billion ($3.19 billion) a year earlier, its annual report showed.

“Government debt relief support, new tariff structures, higher sales linked to the operational turnaround and cost optimisation initiatives have contributed to Eskom recording its first profit in eight years,” the report said.

Eskom’s power cuts have held back SA’s economic growth for more than a decade, and its repeated bailouts have drained state coffers.

But the frequency of its power outages has reduced dramatically since early last year. There were just 13 days of power cuts in its latest financial year, compared to a record 329 days a year earlier.

–Reuters–