Eskom CEO Earns 242% More Than President Ramaphosa Amid Financial Strains
Dan Marokane, CEO of South Africa’s state-owned Eskom, took home R11.7 million in the 2025/26 financial year—242% more than President Cyril Ramaphosa’s R3.4 million package. His basic pay rose to R9 million despite Eskom’s ongoing cash flow challenges. The utility also granted staff an average salary boost of R167,000—the largest in its history—and grew headcount from 40,625 to 42,030. This pushed total employee costs up by R8.3 billion to R45.4 billion. While load-shedding has effectively ended under Marokane, customers face repeated above-inflation tariff hikes. A recent regulator report found increases well above the approved average of 12.74%, and households now spend 86% more on electricity than six years ago. Experts warn these trends point to deeper structural issues in the power sector: ageing infrastructure, high debt burdens, operational inefficiencies and the need for ongoing capital investment.
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