Eskom’s R30.3bn profit rebound faces new risks from municipal debt

Eskom has posted its second consecutive profitable year, signalling a deepening turnaround built on stronger operations, tighter cost control and improved energy security, a shift executives say is transforming the utility from crisis management to long‑term sustainability.“Our operational recovery has been matched by a financial turnaround… We received our first credit‑rating upgrade in over a decade,” he said, adding that government’s debt‑relief support had been a “critical enabler.”Eskom’s results highlight that ending load shedding was a major contributor to the utility’s profit surge, with reduced diesel burn and improved plant reliability directly strengthening the balance sheet.