South Africa set to pick Dan Marokane as new Eskom CEO

Dan Marokane is expected to be appointed as the new CEO of South Africa’s state power utility Eskom Holdings 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.