South Africa's Eskom expects to turn profitable in 2025

South Africa's Eskom expects to turn profitable in 2025 after wider $3 billion loss
Eskom expects to report a full-year profit of more than 10 billion rand ($546 million), its first profit in eight years, thanks to operational stability and government's debt relief package, its CEO said as the power utility reported a wider loss on Thursday.
Eskom Must Have Enough Electricity To Support the South African Economy
The Electricity Minister Kgosientsho Ramokgopa outlined Eskom's plans for 2025 and shared its achievements for 2024, including keeping loadshedding at bay.
Eskom forecasts first profit since 2017 despite mounting losses and municipal debt
Eskom forecasts a 10 billion-rand profit for 2025, tackling record losses, municipal debt, and ambitious capital spending plans.
Eskom targets R10bn profit for 2025 after swinging to a R55bn loss
Eskom yesterday announced that it was aiming at an after-tax profit of R10 billion for the financial year ending March 2025 after suffering a loss of R55bn in the financial year ended March 2024.
South Africa: Eskom Keeps the Lights On and Sees Profits On the Horizon, but Serious Financial and Governance Problems Persist
SA has experienced no load shedding for more than six months and Eskom expects to pencil in a profit of more than R10bn by the end of March 2025. However. the power utility still faces problems on many fronts,
South Africa's Eskom reports $3 billion loss on transmission unit split
By Nqobile Dludla JOHANNESBURG (Reuters) -South African utility Eskom on Thursday reported a higher full-year loss of 55.0 billion rand ($3 billion) because of a one-off charge linked to the separation of its transmission unit,
South Africa: Eskom 'Lessons' Can Be a Template for SOEs
"It's a template you can take to any of the SOEs [State-owned Enterprises]... of course, adapt it to the nuances of that particular SOE. But I think there are transversal experiences that can be drawn from the Eskom experience," he said.
South Africa Utility Eskom Forecasts First Profit Since 2017
South African power utility Eskom Holdings SOC Ltd. forecast a return to profit for the first time since 2017, even as it recorded a sharp increase in losses for the last financial year.
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SA Achieves Longest Load Shedding-Free Period; Eskom Performance Improves
Minister Ramokgopa emphasized the importance of marking this achievement as part of South Africa’s larger goal to end load ...
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Eskom’s annual results reflect a turbulent year - Ramokgopa
Speaking about the report, he acknowledged the immense challenges faced by the state-owned power utility, which has grappled ...