World2d ago
Eskom doubles profit to R30.3bn despite falling electricity demand
AI EXECUTIVE SUMMARY
Eskom reported a profit after tax of R30.3 billion for the year ending 31 March 2026, more than double the previous figure. The increase was driven by better plant performance, reduced diesel consumption and tighter cost controls. Despite the profit growth, the utility’s electricity sales fell 6.2 % and municipal debt rose to R111.6 billion.
WHY IT MATTERS
The surge in profit alongside declining sales highlights financial pressures on South Africa’s power utility and the growing burden of unpaid municipal bills.
Eskom’s profit after tax more than doubled to R30.3bn in the year to 31 March 2026, helped by improved plant performance, lower diesel use and cost controls. But electricity sales fell 6.2%, while municipal arrears climbed to R111.6bn.
This story was originally reported by IOL News. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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