Eskom’s recent return to profitability has reignited the debate surrounding the potential unbundling of the South African power utility. The improved financial performance prompts a reevaluation of whether breaking up Eskom truly serves the public interest. Concerns are particularly focused on the potential impact on vulnerable populations in poor and rural communities across South Africa. Proponents of maintaining the current structure argue that a stable, unified Eskom is crucial for ensuring equitable electricity access. The financial turnaround challenges arguments that unbundling is necessary to improve efficiency and service delivery. This development necessitates a thorough reassessment of the long-term implications for energy security and social equity in South Africa. Further discussion is expected to center on balancing market reforms with the needs of all citizens.