Eskom says municipal arrears rose to about R119 billion by June 2026 and could reach R358 billion by the 2031 financial year without intervention, threatening the utility’s financial recovery.

CFO Calib Cassim sees profits remaining positive but rising municipal debt remains a key risk

Eskom’s profit after tax more than doubled to R30.3bn in the year to 31 March 2026, helped by improved plant performance, lower diesel use and cost controls. But electricity sales…