Eskom’s interim results for the six months to end-September 2023 show a power utility in deep crisis.
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Dan Marokane will take over a loss-making company that’s under immense pressure to bring an end to years of power cuts.
Government on Friday appointed Dan Marokane as the next CEO of Eskom.
Dan Marokane is expected to be appointed as the new CEO of Eskom after an almost year-long search for a candidate.
The economy shrank in the third quarter as logistics constraints and a chronic electricity shortage took their toll.
Troubled state-owned electricity monopoly Eskom was on Wednesday forced to ramp up daytime load shedding.
The plan sets out how billions of dollars in climate finance will be tracked and details potential investments.
Eskom announced last month that it would hand over responsibility for implementing load shedding to City Power.
Eskom will impose stage-4 power cuts from 2pm on Monday until 5am on Saturday as its generation woes continue.
Eskom reduced power cuts as severe outages earlier in the weekend allowed the “replenishment” of emergency reserves.