South Africa’s Eskom Profit More Than Doubles to $1.9 Billion — But a $7 Billion Debt Problem Is Growing
ABE NEWS | August 31, 2026 South Africa’s long-troubled electricity giant Eskom has delivered one of the most dramatic financial turnarounds in its recent history, more than doubling annual profit to 30.3 billion rand — roughly US$1.9 billion — as power shortages collapsed, electricity sales improved and years of government intervention began producing visible…