Storyline
Eskom Profit Doubles Amid Debt Risk
Timeline
- Wed, Sep 2LatestUnverified — not yet reviewed
Eskom's R6.6 Billion Electricity Theft Loss and Hacked Vending System Expose National Infrastructure Risk
Eskom is reporting R6.6 billion in electricity theft losses alongside a compromised prepaid electricity vending system, exposing critical infrastructure vulnerabilities at the country's national power utility. The figures add a significant cybersecurity and revenue-integrity dimension to the profit-versus-arrears picture reported separately on September 1.
- Tue, Sep 1Unverified — not yet reviewed
Eskom Profit Doubles Despite Falling Sales, R111B Municipal Arrears
Eskom's profit has doubled even as electricity sales volumes fell, but the utility simultaneously faces R111 billion in outstanding municipal debt and more than R45 billion in unrecognised losses from theft and arrears that exceed its reported profit. Analysts note that R36.8 billion in restated irregular expenditure further compounds the governance picture for Africa's largest power utility.