From the Editor’s Desk: As the rand plunges, is South Africa heading for a crisis?

A vendor counts out rand banknotes while working in an African craft market in the Rosebank district of Johannesburg, South Africa, on Wednesday, Aug. 26, 2015. More than four years of currency declines -- to a fresh low this week -- aren't enough to offset electricity shortages, strikes and slowing demand from Asia and Europe that are pushing the economy to the brink of recession. Photographer: Waldo Swiegers/Bloomberg

The rand fell this week as South Africa got caught up in an emerging market sell-off driven by the collapse of the Turkish lira and South Africa's status was hammered this week with a blistering New York Times article on David Mabuza and a harsh op-ed about expropriation in The Wall Street Journal.

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