Despite another, albeit modest, fall in electricity sales, State-owned electricity producer Eskom reported a strong recovery in its financial performance for 2016, with net profit rising to R4.6-billion from R200-million in 2015. At the interim stage, however, net profit stood at R11.3-billion, with Eskom traditionally making its profits in the high-demand, high-tariff winter months, which coincide with the first half of its financial year, which runs from April 1 to March 31 the following …
