From Blackouts to Surplus: How Eskom Turned South Africa’s Power Around

After enduring years of crippling power cuts, South Africa’s state utility Eskom has swung to an operational surplus, maintaining 3 to 5 gigawatts of excess generation capacity, according to CEO Dan Marokane. Yet across Johannesburg, localized outages persist as the city works to strengthen its finances and manage its power network. Speaking to Bloomberg’s Jennifer Zabasajja on Next Africa, Marokane discusses the city’s progress on settling overdue electricity bills and plans to ring-fence electricity revenue. He also outlines how Eskom’s recovery is enabling cross-border exports to neighboring southern African states, and explains why reliable electricity is central to rebuilding Johannesburg’s economy. (Source: Bloomberg)

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