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

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. It's a risk-off market, and currencies like the South African rand and Brazilian real have been caught in the gravity well. Even US equities have fallen as investors turn to the safety of US government debt. 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. Does it all add up to a crisis for SA? And, in other news, what exactly is Elon Musk thinking these days and is his behaviour going to sink Tesla? Alec Hogg and Felicity Duncan have some answers. Learn more about your ad choices. Visit megaphone.fm/adchoices