Eskom Posts First Profit in Eight Years, Seeks to Raise Debt

Bloomberg Technology•Tuesday, September 30, 2025 at 11:00:07 AM

Eskom, Africa's largest power utility, has announced its first full-year profit in eight years, marking a significant turnaround for the company. This achievement is particularly noteworthy as Eskom faces substantial debts from South African cities and plans to enter the bond markets independently within the next two years. This development is crucial not only for Eskom's financial health but also for the stability of South Africa's energy sector, which has been under pressure for years.

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