JOHANNESBURG (Reuters) - South Africa's rand extended its losses in early trade on Tuesday to hit a two-and-a-half month low, ahead of third quarter unemployment figures and September manufacturing data. At 0805 GMT, the rand traded at 18.0375 against the ...

South Africa's unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for more progress on economic reform, data showed on Tuesday.

South Africa’s unemployment rate fell for the first time in a year, driven by job increases in the community and social services and construction sectors, as business confidence improves and economic growth shows signs of recovery.