Eskom Doubles Annual Profit on Higher Tariffs
South African power utility Eskom reported a more than doubled annual profit of 30.3 billion rand for the 2026 financial year following an operational turnaround. However, rising municipal debt and declining sales volumes continue to cloud its future outlook.
Insights:
South Africa's state-owned power utility Eskom more than doubled its annual profit to 30.3 billion rand ($1.9 billion) for the year ending in March. The earnings jump follows a sharp reduction in rolling blackouts and an average tariff increase of 12.7%. The financial turnaround contrasts with lower electricity sales and escalating municipal debt that threaten long-term stability.
