Eskom CEO Dan Marokane received total remuneration of R12.18 million for the 2026 financial year, as the power utility recorded a significant improvement in its financial and operational performance.
According to Eskom’s 2026 annual report, the utility’s profit more than doubled to R30.35 billion, while load-shedding was limited to just 13 days during the financial year.
Improved plant performance helped Eskom reduce diesel spending by R10.6 billion, contributing significantly to the stronger financial results.
Eskom chairman Mteto Nyati credited Marokane and his management team for the turnaround, saying the CEO’s work extends beyond the reduction in load-shedding to areas such as municipal debt and organisational culture.
Marokane’s 2026 remuneration increased by 3.8% from the previous year. His package included a guaranteed salary of R9.54 million, a short-term bonus of R2.5 million and other payments of R142,000.
He did not receive a long-term bonus for the year but has two active long-term incentive allocations. If performance targets are achieved, these could result in a future payout of approximately R11.4 million.
Marokane took over as Eskom CEO in 2024 after years of leadership instability and severe load-shedding. His appointment came as the utility faced significant financial pressure and relied heavily on government support.
The latest results suggest that Eskom’s turnaround strategy is beginning to deliver stronger operational and financial outcomes, with Marokane’s leadership now receiving a financial reward alongside the utility’s improved performance.
Main Image: News24
