A species' fate and $2 billion at stake as South Africa mulls rhino horn trade

  • World Premium
  • Monday, 04 Apr 2016

A worker holds rhino horns after it was dehorned in an effort to deter the poaching of one of the world's endangered species, at a farm outside Klerksdorp, in the north west province, South Africa,February 24, 2016.REUTERS/Siphiwe Sibeko

KLERKSDORP, South Africa - South Africa will decide this month whether to push to end a global ban on buying and selling rhino horn, a move that could unlock a $2 billion (1.40 billion pound) bonanza and determine the fate of a critically endangered species.

Rhino horn is prized in Asia for use in traditional remedies and surging demand has meant more poaching. A record 1,305 of the animals were illegally killed in Africa last year. Buying and selling rhino horn internationally was banned in 1977.

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