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Eskom’s profit doubles even as it sells less electricity

by nouman | Aug 31, 2026 | Business Leadership South Africa, City of Johannesburg, City Power, Cyril Ramaphosa, Dan Marokane, Deloitte, Energy and sustainability, Eskom, Mteto Nyati, National Transmission Company South Africa, Nersa, News, NTCSA, Sections

Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.

The R45-billion missing from Eskom’s income statement

by nouman | Aug 31, 2026 | Calib Cassim, Dan Marokane, Deloitte, Energy and sustainability, Eskom, National Treasury, News, Sections, South African Police Service

Electricity theft and unrecognised municipal revenue together exceed the utility’s entire annual profit.

Eskom is still counting irregular spending from years ago

by nouman | Aug 31, 2026 | Calib Cassim, Deloitte, Energy and sustainability, Eskom, News, Sections

Eskom has confirmed R36.8-billion of irregular expenditure relating to prior years, restated outside the financial statements.