South Africa's Eskom profits halved from a year ago

South Africa's power producer Eskom said Tuesday that profits in the last year fell 49 percent, as rolling power outages continued to take a toll on the continent's most advanced economy. Known in South Africa as load shedding, the scheduled power cuts also led to primary energy cost increases of 13.6 billion rand, as Eskom turned to independent power producers to lighten the strain on the system. South Africa's ongoing electricity woes have undermined economic growth, disrupting