Eskom's plan to turn a profit in the current financial year

[mylesillidge]

Eskom plan to deliver best news in 8 years

Eskom is expecting a major turnaround in its financial performance in the current financial year, with the utility forecasting a R10 billion profit compared to a R55 billion loss in its previous reporting period.

This was revealed by CEO Dan Marokane in the utility’s overview of its performance during the first six months of the 2025 financial year, following the release of its financial statements for the prior year.

 

[Lupus]

When you don't burn diesel and provide electricity for people to use. You make money go figure

 

[Dups!]

Well done, Eskom!

Even though you put us through hell, at least we are out of the mess created and you are getting out of the mess yourself.

Pity, it is hitting us badly in our pockets.

 

[Lupus]

Well done, Eskom!

Even though you put us through hell, at least we are out of the mess created and you are getting out of the mess yourself.

Pity, it is hitting us badly in our pockets.

Well, need to wait and see. Koeberg unit 2 still isn't back online yet, Medupi 4 isn't either. Cahora Bassa may be in trouble with the issues in Moz.
Plus they need to switch Kusile 2,3,4 off to redirect to the flues again

 

[Dups!]

Well, need to wait and see. Koeberg unit 2 still isn't back online yet, Medupi 4 isn't either. Cahora Bassa may be in trouble with the issues in Moz.
Plus they need to switch Kusile 2,3,4 off to redirect to the flues again

I agree. For me, it is the positives coming from them. We've had too many negatives and people mourning incessantly that it became nauseating.

I think they can handle all the above scenarios except the Mozambique one, that I am worried about.

 

[flarkit]

Well done, Eskom!

Even though you put us through hell, at least we are out of the mess created and you are getting out of the mess yourself.

Pity, it is hitting us badly in our pockets.

At the expense of people who could see no alternative but install incredibly expensive solar setups, since Eskom was not providing the electricity we've paid them for every month??? Now they're forecasting a profit based on tripling the connection fees for the same people who they'd failed for more than a decade?

Laughable.

 

[Lupus]

I agree. For me, it is the positives coming from them. We've had too many negatives and people mourning incessantly that it became nauseating.

I think they can handle all the above scenarios except the Mozambique one, that I am worried about.

It is a GW if it stops, though they didn't have it until 2007 anyway so we could live without it if the others all come back when they are supposed to.
They've managed to do the same level of PLCF this Dec with the EAF being 4 to 5% higher than last year so lets see. Jan 2024 the EAF went down to 51% but the UCLF was over 30% so let's hope they manage to get everything out of maintenance by Jan

 

[chrisc]

Not difficult to post a profit when there are massive price increases. Eskom still acts as it is a monopoly

We've been off-grid at home since 2023. Still have to pay CoCT R245,03 for a Connection Fee

 

[Lupus]

At the expense of people who could see no alternative but install incredibly expensive solar setups, since Eskom was not providing the electricity we've paid them for every month??? Now they're forecasting a profit based on tripling the connection fees for the same people who they'd failed for more than a decade?

Laughable.

Nope not really. Firstly all that magical solar that supposedly helped was installed by Feb/Mar 2023 didn't help the worst year of LS.
Secondly most of the installs were retail or small businesses that would switch back to grid in the late afternoon taking away any advantage.
Thirdly the most lose of demand was the 2800 businesses that closed over the 2023 and 2024 years, that would make more of a dent than solar.

 

[Lupus]

Not difficult to post a profit when there are massive price increases. Eskom still acts as it is a monopoly

We've been off-grid at home since 2023. Still have to pay CoCT R245,03 for a Connection Fee

The service fee is CoCT not Eskom. Us prepaid in JHB pay R250 service fee to City Power, they nail the post paid guys R1100 and claim the tariffs are lower so it's better. The tariff is like 5% lower.
Eskom and the municipality price increases are different, Eskom may raise the price 17% but the municipality does it 12%

 

[flarkit]

The service fee is CoCT not Eskom. Us prepaid in JHB pay R250 service fee to City Power, they nail the post paid guys R1100 and claim the tariffs are lower so it's better. The tariff is like 5% lower.
Eskom and the municipality price increases are different, Eskom may raise the price 17% but the municipality does it 12%

Got it, thanks.

I was referring to the the plan to increase the connection fee by a ridiculous amount, for users below a certain threshold... Intending to recover the lost revenue due to so many users turning to solar.

 

[Lupus]

Got it, thanks.

I was referring to the the plan to increase the connection fee by a ridiculous amount, for users below a certain threshold... Intending to recover the lost revenue due to so many users turning to solar.

Still only for Eskom, not municipalities. Hence why municipalities have different fees already.

 

[flarkit]

The point is Eskom plans to push up fees for the lower (solar) consumers, since their revenue took a bigger hit with the surge of solar installations by domestic and businesses. Announcing a profit turnaround from a 55-billion loss at the same time, doesn't sit well.

At least there's some proper action against all the illegal connections. Next let's see the corruption being rooted out too, squash the dodgy coal suppliers and maybe THEN it would make a bit more sense to focus on consumers who have been duly paying their fees all along.

 

[Lupus]

The point is Eskom plans to push up fees for the lower (solar) consumers, since their revenue took a bigger hit with the surge of solar installations by domestic and businesses. Announcing a profit turnaround from a 55-billion loss at the same time, doesn't sit well.

At least there's some proper action against all the illegal connections. Next let's see the corruption being rooted out too, squash the dodgy coal suppliers and maybe THEN it would make a bit more sense to focus on consumers who have been duly paying their fees all along.

Yes, for Eskom customers. You're not an Eskom customer.
You already pay a service fee to CoCT, not Eskom

 

[flarkit]

Yes, for Eskom customers. You're not an Eskom customer.
You already pay a service fee to CoCT, not Eskom

Not in CT, but okay. The fee increases are going to hit us, no? After the Gupta/coal debacle, the lack of timeous maintenance, combined with so many years of load-shedding whilst we duly paid our fees and now a plan to increase costs, I just don't have a supportive thought for them.

 

[Lupus]

Not in CT, but okay. The fee increases are going to hit us, no? After the Gupta/coal debacle, the lack of timeous maintenance, combined with so many years of load-shedding whilst we duly paid our fees and now a plan to increase costs, I just don't have a supportive thought for them.

Do you pay Eskom or the municipality?
If you pay Eskom direct, then it will probably effect you. If you pay a municipality it won't.
The municipality sets it's own fees already, plus it's own service charges in a few areas.
How hard is this to understand?
Even the tariff increases are set by the municipalities you pay. A lot of the time the massive increase is for the Eskom direct guys again.

 

[r00igev@@r]

Let's eat!

 

[flarkit]

Do you pay Eskom or the municipality?
If you pay Eskom direct, then it will probably effect you. If you pay a municipality it won't.
The municipality sets it's own fees already, plus it's own service charges in a few areas.
How hard is this to understand?
Even the tariff increases are set by the municipalities you pay. A lot of the time the massive increase is for the Eskom direct guys again.

Let's agree to disagree, on whether Eskom's increases aimed at the lower consumers (read: solar-power users) will hit municipality users too. We can pick that up after next July again.

The point was that Eskom having the gall to boast about expecting a profit following the size of their last reported loss, despite the years of harm they've caused through corruption, mismanagement, non-maintenance, just does not sit right. They failed the country for years and now expect to make a profit? I'd much rather read about what's been done regarding the mess first, else it just gets swept under the carpet whilst we continue to cough up

 

[Lupus]

Let's agree to disagree, on whether Eskom's increases aimed at the lower consumers (read: solar-power users) will hit municipality users too. We can pick that up after next July again.

The point was that Eskom having the gall to boast about expecting a profit following the size of their last reported loss, despite the years of harm they've caused through corruption, mismanagement, non-maintenance, just does not sit right. They failed the country for years and now expect to make a profit? I'd much rather read about what's been done regarding the mess first, else it just gets swept under the carpet whilst we continue to cough up

Read the articles properly and you wouldn't need to guess. Plus they've been saying they want to add a service fee to their customers since 2021.
Their direct customers, not the municipalities. Who some already charge a service fee without you even using a unit. I've already got to pay R250 before I even use a unit in JHB on prepaid, post paid is R1100.

 

[ProfA]

Let's agree to disagree, on whether Eskom's increases aimed at the lower consumers (read: solar-power users) will hit municipality users too. We can pick that up after next July again.

The point was that Eskom having the gall to boast about expecting a profit following the size of their last reported loss, despite the years of harm they've caused through corruption, mismanagement, non-maintenance, just does not sit right. They failed the country for years and now expect to make a profit? I'd much rather read about what's been done regarding the mess first, else it just gets swept under the carpet whilst we continue to cough up

no use trying to reason with a shill bootlicker.