Cents With Sense | Eskom Powering Profits of Powering People?
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Eskom’s recent profitability has been hailed as a sign of hope — a supposed boost to South Africa’s economic foundation. Business Leadership SA’s CEO says this is evidence of a stabilising economy. But here’s the hard truth: while Eskom celebrates financial gains, ordinary South Africans are still paying for years of corruption, load-shedding, and mismanagement. Electricity tariffs have skyrocketed, small businesses are drowning under operating costs, and
households are tightening their belts just to keep the lights on. So the question isn’t just whether Eskom is profitable — it’s who that profitability is really serving. Is this genuine progress, or just another short-term illusion propped up by the people who can least afford it?
households are tightening their belts just to keep the lights on. So the question isn’t just whether Eskom is profitable — it’s who that profitability is really serving. Is this genuine progress, or just another short-term illusion propped up by the people who can least afford it?
