South Africa2023-03-31en
INTEGRATED REPORT FOR THE YEAR ENDED 31 MARCH 2023
Summary
Eskom, South Africa's national electricity utility, faces a severe energy crisis marked by unprecedented loadshedding, deteriorating plant performance, and significant financial losses, impacting the national economy. In response, Eskom is pursuing a comprehensive turnaround strategy focusing on operational and financial recovery, governance improvements, and a gradual transition to a cleaner energy mix. The past year saw continued challenges, including 280 days of loadshedding and a R31.6 billion net loss, despite the commissioning of a new unit and substantial government financial support.
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