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Uber Technologies said it will deliver a first-ever quarterly profit by the end of the year, signalling that cost-cutting measures are exceeding even the company’s own recent expectations.

A new South African video-on-demand player, Discover Digital, plans to give broadcasters a run for their money by launching both subscription-based and transactional video-on-demand services, as well as content kiosks, aimed at a broad spectrum of consumers. The company says it has developed the infrastructure required to launch its service

Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall