BusinessLive reports that Dan Marokane, a former executive at Eskom, has been appointed as CEO of the troubled state-owned power company.

His appointment was confirmed on Friday afternoon by Department of Public Enterprises (DPE) Minister Pravin Gordhan. Marokane, who is presently serving as interim CEO of Tongaat Hulett, which has been in business rescue since October 2022, will join Eskom no later than 31 March. In a statement issued by Eskom on Friday, Marokane was quoted saying he looked forward to working with the Eskom executive and board to “accelerate implementation of the generation recovery plan, the creation of transmission capacity as well as other critical Eskom priorities”. Eskom has been without a CEO since February, after the early departure of André de Ruyter. Marokane, a chemical engineer with an MBA and more than 20 years senior leadership experience, was chosen for his “experience working in distressed organisations with visible and pressurised turnaround mandates”. During his previous tenure at Eskom he served as a senior manager from 2010 to 2015, holding various positions including head of group capital. Marokane was one of four Eskom senior managers suspended during the state capture period. According to the DPE, he subsequently resigned and went into the private sector. “Mandatory checks, which include criminal and credit checks, verification of identity, qualifications, directorships, and establishment of conflicts of interest were completed,” the DPE indicated.

• Read the full original of the report in the above regard by Denene Erasmus at BusinessLive

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