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South Africa Set to Pick Dan Marokane as New Eskom CEO
- Marokane is utility’s ex-head of group capital, Tongaat CEO
- Country has been subjected to rolling blackouts for years
The Eskom headquarters in Johannesburg, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Dan Marokane is expected to be appointed as the new chief executive officer of South Africa’s state power utility Eskom Holdings SOC Ltd. after an almost year-long search for a candidate, according to people familiar with the decision.
The company’s failure to boost generation from its old and poorly maintained power plants has led to nationwide electricity outages — implemented to prevent a total collapse of the grid. The worsening situation has weighed on a process to fill the top job at Eskom, which has had 14 leaders since 2007.