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.

Huawei is ramping up spending on R&D

by nouman | Aug 31, 2026 | Google, Huawei, Investment, News, Sections, T-Mobile

Revenue is growing again, but the bill for replacing US technology is showing up in Huawei’s margins.

Eskom and business lobby call a truce over grid reform

by nouman | Aug 31, 2026 | Business Leadership South Africa, Busisiwe Mavuso, Cyril Ramaphosa, Dan Marokane, Duncan Pieterse, Energy and sustainability, Eskom, Mteto Nyati, National Transmission Company South Africa, News, NTCSA, Sections

Eskom and BLSA now say they agree on the independent transmission operator, two months after a public falling-out.

Altman and Musk take their feud to the developers

by nouman | Aug 31, 2026 | Anthropic, Anysphere, Cursor, Elon Musk, Greg Brockman, Michael Truell, News, OpenAI, Sam Altman, Sections, SpaceX, Talent and leadership, Tom Brown, X

OpenAI will stop supplying models to Cursor, the coding tool SpaceX bought for $60-billion.