Eskom’s Turnaround Plan drives S&P Global Ratings to improve the corporate’s international and native foreign money long-term credit score scores from B to B+, with Steady Outlook

Tuesday, 25 November 2025: Eskom welcomes S&P Global Ratings’ choice to improve the corporate’s international and native foreign money long-term credit score scores from B to B+, with a steady outlook. The improve additionally applies to Eskom’s senior secured and unsecured debt, whereas government-guaranteed international foreign money debt was raised from BB- to BB+. Eskom’s nationwide scale score improved from zaBBB+/zaA-2 to zaAV/zaA-1.

The improve displays the measurable influence of Eskom’s Turnaround Plan, which has stabilised era, improved monetary efficiency and strengthened governance. Operational enhancements have been substantial: Eskom delivered electrical energy 97.9% of the time within the present monetary 12 months, in comparison with 96% in FY2025.

This operational stability has been matched by robust monetary efficiency, which incorporates our first profitability in eight years in FY2025.

“The Turnaround Plan has been pivotal in restoring Eskom’s operational and financial stability. We have moved decisively from a generation crisis to a phase of reliability and disciplined management. Our focus remains on providing affordable, secure electricity for South Africa while driving the transition to lower-carbon energy,” stated Eskom’s Group Chief Executive, Dan Marokane.

Eskom will proceed to implement its era restoration initiatives, improve governance, fight crime and corruption, put together the organisation for long-term sustainability and power safety, supporting South Africa’s development and the broader sub-Saharan area.

ENDS