Parliament’s Select Committee on Agriculture, Land Reform and Mineral Resources has commended Eskom for achieving a profit before tax margin of some R23.9 billion for the 2025 financial year – the first turn of profit since 2017.
This after the resurgent power utility posted a net loss before tax of some R25.5 billion the previous year.
“The reinvestment of the profit back into the business is key for strengthening Eskom’s infrastructure and ensuring greater energy security for the country, which is critical for economic growth and attracting investment,” committee chairperson Mpho Modise said.
He noted that the municipal debt owed to the power utility had grown by 27%, despite the implementation of National Treasury’s Municipal Debt Relief Programme.
“The growing municipal debt owed to Eskom, which currently stands at about R103.5 billion is one that we, as a committee, find extremely concerning. This debt needs to be addressed and a viable solution into the matter needs to be identified.
“Public entities must be kept accountable to meet their financial responsibilities,” he said. – SAnews.gov.za
