Eskom has forecast a slight improvement in its finances for the current financial year but will remain deeply unprofitable as load-shedding continues to erode revenue and extensive use of its expensive open-cycle gas turbines hammer operating costs.

A loss of R23.2bn is forecast, compared with the R23.9bn loss in the 2023 financial year — the biggest yet — making it the seventh successive year of losses. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.