Eskom reports a profit after tax of R30.3 billion, more than double the restated R14 billion recorded in 2025. The result marks a significant rebound for the power utility and is attributed to factors including improved pricing and new customer volumes, alongside restructuring steps such as unbundling. Eskom Group CEO Dan Marokane says the next phase depends on how well the company manages risks that extend beyond its balance sheet.
Both outlets highlight the role of municipal debt as a key test for Eskom’s outlook. Marokane characterizes municipal debt as a broader, country-level risk rather than an Eskom-specific one, reflecting how power charges flow through municipalities before reaching end customers. Moneyweb frames the rebound against the upcoming challenge of sustaining performance, while The Citizen focuses more directly on municipal debt as the main emerging threat that could affect future results.
In this reporting, there is broad agreement on the headline figure for the profit rebound and on municipal debt as the central concern going forward, while the emphasis differs between the wider performance drivers and the specific risk they could undermine.
