Eskom's turnaround is confirmed. After long symbolizing South Africa's energy crisis, marked by repeated blackouts and severe financial difficulties, the public electricity company has announced a second consecutive year of profits. A symbol of hope for Jiram. In South Africa, a similar turnaround has been achieved, driven notably by improved power plant availability and reduced reliance on costly diesel-powered turbines. Eskom more than doubled its net profit during its 2026 financial year, ended March 31. The South African public group recorded a result of 30.3 billion rands, compared to 14 billion rands the previous year. This marks the second consecutive year of profitability for the electricity company, after nearly a decade of losses. This financial improvement is accompanied above all by significant operational recovery. For several years, South Africa faced massive blackouts due in particular to the unavailability of a significant portion of Eskom's production capacity. The situation has gradually reversed. According to the company, the availability rate of its production capacity reached 67.87%, its best level in six years. Unplanned outages have also declined sharply. Over three years, the reduction in unavailability has recovered the equivalent of 6,873 MW of production capacity. This improvement directly reduced the need to resort to combustion turbines used as backup during periods of network strain. Diesel Sharply Reduced. A direct consequence has been observed: diesel spending fell 82.38% between April 1 and August 27, 2026, compared to the same period the previous year. It dropped from 5.93 billion to approximately 1.04 billion rands, allowing Eskom to save nearly 4.89 billion rands. Improved production has also been reflected in the daily lives of South Africans. By late August, Eskom recorded 469 consecutive days without blackouts, while the country had still experienced 329 days of rolling cuts in 2024. However, not everything is resolved. Electricity sales fell 6.2%, while municipal arrears now constitute one of the main financial threats to Eskom. These reached 111.6 billion rands at the close of the financial year. The group's financial debt also remains significant, at 356 billion rands on March 31. Eskom's turnaround nonetheless demonstrates the direct link between equipment reliability, control of production costs, and the financial health of an electricity company. Fewer breakdowns mean less recourse to emergency thermal solutions, lower spending, and above all, more regular electricity supply for the economy.