South Africa's Eskom reports second consecutive profitable year
JOHANNESBURG, Aug 31 (Reuters) — South Africa’s state power utility Eskom on Monday reported its second consecutive annual profit, citing sustained operational recovery, higher tariffs and cost discipline.
Eskom said it made profit after tax of 30.3 billion rand ($1.88 billion) in the year ended March 2026, more than double the restated 14.0 billion rand it posted for the prior 12 months, which was its
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The power cuts that have held back Africa’s biggest economy for more than a decade have become much less frequent. The utility said it implemented power cuts on just four days in the financial year, compared with 13 days a year earlier and a record 329 days in 2024.
($1 = 16.1576 rand)
Reporting by Sfundo Parakozov; Editing by Kirsten Donovan
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