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South Africa Names Rail Utility CEO Molefe to Head Up Eskom

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South Africa appointed Brian Molefe, chief executive officer of the nation’s ports and rail utility, acting head of state-owned Eskom Holdings SOC Ltd., which is struggling to meet the country’s power needs.

The company, which supplies about 95 percent of the nation’s electricity, is rationing supply for a sixth straight day because it can’t meet demand from aging plants following years of underinvestment. Its chairman stepped down last month after losing the board’s support over a decision to suspend CEO Tshediso Matona and three other top managers, leaving it without permanent leadership.