Eskom’s Turnaround Strategy

GUEST: CALIB CASSIM - Chief Financial Officer Eskom

Data published by Eskom tracking the performance of its fleet for the first quarter of the year shows that while the group has improved breakdowns and slightly boosted energy supply, tanking demand has given South Africa some breathing room.

Detailed analysis of Eskom’s data by independent energy analyst Pieter Jordaan shows that first quarter power demand in 2024 was 5.7% lower than the same period in the previous year, dropping from 25.95 to 24.47 GW/hr.

For the same period, power supply only increased by a marginal 0.4% from 23.24 GW/hr in 2023 to 23.33 GW/hr in 2024.

Notably, Compared to 2023, power supply remained stagnant, posting near-identical output for 10 out of the first 13 weeks of the year.