Eskom’s financial turnaround a step in the right direction

Eskom, the South African power utility, has taken a significant step in its financial recovery, paving the way for broader economic reform across the nation. During a presentation to Parliament's Electricity and Energy Portfolio Committee, Eskom CEO Dan Marokane revealed that the company achieved a R30.3 billion profit for the year ending March 2026.

While Marokane acknowledged the need for further improvements in operational and financial performance, he emphasized the solid foundation that the recovery has established. He stated that the signs of a structural recovery are evident, as evidenced by the data. Marokane highlighted that Eskom needs to adapt its business model to play a crucial role in the changing electricity market, different from its previous monopoly status.