- Cabinet welcomed continuing improvement in Eskom’s financial and operational performance for the first six months ending September 2025. Eskom recorded a profit of R24.3 billion after tax, which is 37% higher than the same period in 2024.
- In the same period, Eskom delivered consistent energy supply with only four days of load-shedding. Electricity supply reliability stood at 96% in 2024/25, improving to 98% year-to-date.
- Eskom’s solid performance demonstrates the efficacy of Eskom’s recovery plan initiated under Operation Vulindlela structural reforms programme, the level of competence of Eskom’s management team and its board, and the focused leadership of the Minister of Electricity and Energy.
South Africa’s economy remains on positive momentum with GDP and employment growth
- Cabinet welcomed the positive momentum in the economy as indicated by the 3rd Quarter GDP figures released by Statistics South Africa. The GDP grew by 0.5% in the period July – September 2025, marking the fourth consecutive quarter of expansion, driven be strong performances in mining, agriculture and services, and contributions from finance, government services, and manufacturing.
- The GDP growth in the 3rd Quarter of 2025 was accompanied by an increase in employment which increased by 248, 000 jobs, and a decrease in unemployed people by 360, 000 as announced in the Quarterly Labour Force Survey.
- In addition, the Youth Employment Service (YES) initiative, which provides young people with pathways into the economy, has now reached the 200 000 jobs milestone. To date, YES has placed over 202 558 young South Africans in 12-month, quality work experiences and it is supported by more than 1 900 corporate partners.
- Furthermore, IMF just lifted South Africa’s growth forecast to 1.3% in 2025 and 1.4% in 2026, up from earlier projections of 1.1% and 1.2%, respectively.
Amendment to the Gazette