Eskom has reported a record after tax loss for the year ended in March 2024, largely due to the unbundling of its transmission business.

News24

South Africa

Eskom reports record R55bn loss, spurred by transmission spinoff

Media Bias/Fact Check

24.com

Sekunjalo Investments

Eskom reports a R55 billion loss but Ramokgopa lauds the progress

[SAnews.gov.za] The financial year ending March 2024 was an inflection point for Eskom, signifying the turnaround of the energy utility.

allAfrica

Amadou Mahtar Ba

South Africa: 'There's No Turning Back' - Minister Ramokgopa On Eskom

Eskom expects to report a full-year profit of more than 10 billion rand ($546 million), its first profit in eight years, thanks to operational stability and government's debt relief package, its CEO said as the power utility reported a wider loss on Thursday.

Times Live

Johannesburg

City of Johannesburg Metropolitan Municipality

Gauteng

Eskom expects to turn profitable in 2025 after wider $3bn loss

But power utility forecasts profit of more than R10bn for financial 2025

Business Live

Eskom posts a R55bn loss after hiving off transmission unit

the embattled utility is optimistic about its future, forecasting a profit of over R10 billion for the fiscal year ending March 2025

Africa News

European Broadcasting Union

Pointe-Noire

Kouilou

Republic of the Congo

Eskom reports R55 billion loss, predicts profit by 2025

Rising municipal debt threatening Eskom's growth Minenhle.Thusi Fri, 12/20/2024 - 13:00  
DURBAN - Rising municipal debt to Eskom is threatening the utility's return to profitability and growth.It's revealed municipalities owe it about 95-billion rand.WATCH | Eskom results | Eskom claims R55bn loss is auditing mistakeEskom released its latest financial results for the 2023/24 financial year yesterdayThe chairperson for electricity at the SA Loca…

eNCA

E.tv

Rising municipal debt threatening Eskom's growth

Eskom's path forward is littered with unresolved crises, huge losses, colossal debt levels and ongoing corruption, but for the first time perhaps also green shoots.

Eskom se pad vorentoe is besaai met onopgeloste krisisse, reuseverliese, kolossale skuldvlakke en voortslepende korrupsie, maar vir die eerste keer dalk ook groen lote.

Netwerk24 | Eskom ‘op pad na wins’, maar die letsels van 2023 is groter as verwag

Netwerk24

Netwerk24 | Eskom 'on the road to profit', but the scars of 2023 are bigger than expected

Eskom has announced a net loss of R25. 5 billion loss before tax.  Eskom chair Mteto Nyati says this is an improvement from the R34. 6 billion loss in the 2023 financial year. The power utility released its financial results on Thursday. Eskom is facing mounting debt levels compounded by the culture of non-payment.  Nyati says the 2024 financial year was exceptionally challenging operationally and financially. He however says they have laid a fo…

SABC News

Eskom announces net loss of R25.5 billion loss before tax - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Despite a 2024 financial year stained in red ink, Eskom’s financial performance is improving, chairman Mteto Nyati said.

Eskom reports record R55bn loss, spurred by transmission spinoff

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