Dan Marokane appointed as new CEO of Eskom

Dan Marokane, acting CEO of sugar producer Tongaat-Hulett and previously head of group capital at Eskom, is Eskom's new CEO. Marokane was forced out of Eskom in a plot conceived by the Guptas and ex-president Jacob Zuma. On Friday afternoon, Minister of Public Enterprises Pravin Gordhan said Marokane would join Eskom no later than 31 March 2024. The final date will be announced once he has concluded the handover process with Tongaat-Hulett, where his currently acting CEO.

"Mr Marokane thrives on challenges, has the drive to energetically tackle the challenges confronting Eskom and is also ethically grounded," said Gordhan. Marokane was previously head of group capital at Eskom. He was forced out of the utility in 2015 in what the State Capture Inquiry found to be a plot conceived by the Guptas and former president Jacob Zuma. The Zondo report found that Marokane's suspension was a"crucial step to pave the way for the capture of Eskom by the Guptas

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stefanutti Stocks' claim against Eskom for Kusile project increases by R474mThe value of Stefanutti Stocks’s claim against Eskom related to the Kusile building project awarded to the JSE-listed construction group in a joint venture with Basil Read has increased by R474 million to R1.614 billion. ‘Claim 5’ covers the period up to 31 December 2019 while ‘Claim 6’ covers events and circumstances which occurred after December 2019 that allegedly gave rise to the entitlement for an extension of time plus costs.
Source: Moneyweb - 🏆 5. / 77 Read more »