South Africa’s state-owned utility Eskom has projected continued financial improvement over the next few years, signalling a gradual turnaround after a prolonged period of operational and debt challenges, as reported by CNBC Africa.
The utility said it plans to fund up to 343 billion rand in capital expenditure over the next five years through internal resources, reflecting stronger cash flows and improved financial stability.
Eskom’s outlook builds on a recent recovery in performance, including a return to profitability after years of losses, supported by higher electricity tariffs, reduced finance costs, and improved coal plant efficiency, as highlighted by Reuters.
The improvement also comes alongside broader structural reforms in South Africa’s energy sector, including plans to restructure Eskom and attract private investment into generation and transmission, aimed at ensuring long-term sustainability and reliability of electricity supply.
