By Johnathan Paoli
Eskom is set to report its first annual profit in eight years, with projections exceeding R10 billion for the financial year ending March next year.
Eskom chair Mteto Nyati welcomed the achievement as indicative of the power utility’s progress in light of the challenges.
“Today’s challenging results demonstrate the extremely tough choices we had to take, for which we are experiencing the benefits of today,” Nyati told reporters.
CEO Dan Marokane praised the anticipated milestone, saying it was due to significant operational improvements and the implementation of a critical government debt relief package.
The utility announced its financial results on for the year ending in March 2024 on Thursday, revealing a loss after tax of R55 billion, an increase from the R26.1 billion loss in the previous fiscal year.
The widened loss stemmed from a one-off tax charge linked to the separation of its transmission division, a
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