Eskom CEO Dan Marokane says the South African utility will maintain a major role in electricity provision as the country opens its power market.
Key facts
- •Eskom is losing its monopoly over electricity provision in South Africa.
- •CEO Dan Marokane expects the utility to maintain a dominant market position.
- •The company plans to expand its role in neighboring states.
- •The comments were made during an interview with Bloomberg Television in Johannesburg.
Eskom CEO Dan Marokane stated that South Africa’s state power utility will remain a dominant player in the energy sector despite the end of its monopoly. Marokane noted that the company also intends to take on an increasingly important role in neighboring countries.
Market Strategy and Expansion
As South Africa moves to relinquish the utility's monopoly over electricity provision, the company is adjusting its operational focus. Marokane discussed the utility's future trajectory during an interview at the company’s offices in Johannesburg.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.
