GROUP ANNUAL RESULTS for the year ended 31 March 2024

Summary

Eskom, South Africa's national power utility, faced significant operational and financial challenges in FY2024, including 329 days of loadshedding, declining plant availability, escalating municipal debt, and a R55 billion after-tax loss, alongside issues of crime and internal control breaches. In response, Eskom is implementing a Generation Recovery Plan, debt relief programs, and stricter internal controls to eradicate corruption and improve financial health. As of the first half of FY2025, performance has shown significant improvement with over 250 days of steady electricity supply and forecast after-tax profit exceeding R10 billion.

Key Facts

Source Document

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