Eskom the unlikely winner in jobs-saving five-year ferrochrome smelter agreement
Daily Maverick | 10.04.2026 20:53
Eskom CEO Dan Marokane must be the most fortunate (assuming of course that Brian Molefe faces the orange overalls of justice at some stage) parastatal chief since Mandela walked to freedom. In the last financial year, the industrial sector contributed just short of 20% of the power utility’s R340.9-billion revenue. But the collapse of the ferrochrome smelting industry meant it lost R8-billion in fair value.
