Overview
- S&P Global Ratings raised Eskom’s foreign and local currency long-term ratings from B to B+ with a stable outlook, also upgrading senior secured and unsecured debt.
- Government‑guaranteed foreign currency debt was lifted from BB- to BB+, and the national scale rating moved to zaAV/zaA-1 from zaBBB+/zaA-2.
- Eskom reports reliability improvements, delivering electricity 97.9% of the time in the current financial year compared with 96% in FY2025.
- The utility posted its first full‑year profit in eight years with a pretax R23.9 billion result for the year ended March 2025, aided by tariff increases, lower primary energy costs and prior state debt relief.
- Executives pledge continued generation recovery, governance strengthening and anti‑corruption measures, as the energy minister outlines plans for 5.2 GW of future nuclear capacity under the Integrated Resource Plan.