Eskom’s profitability strengthens SA’s economic foundation, BLSA CEO says

Eskom’s profitability strengthens SA’s economic foundation, BLSA CEO says

This has positive macroeconomic implications in providing stable electricity to the economy and also in reducing the fiscal risks to the state

Eskom's Return To Profit Strengthens South Africa's Economic Foundation - The Bulrushes

Eskom’s return to profitability after eight years offers some welcome positive news for the power utility and the broader economy. I want to congratulate Eskom for its financial results released last month, which showed it made a profit before tax of R23.9bn. It is the first time the utility has posted a profit in eight years. I was impressed that this was achieved not just from higher tariffs, but from a fundamental and significant improvement …