Assessor: Dave Edge
There is a regular and lucrative trade in African Charaxes and other showy butterflies. Examples are:
2) https://www.butterfliesandthings.com/product/category-0adf3141-b9f4-4927-82ef-6c3eb55aa6c5.aspx
A full conservation assessment of this taxon was done according to IUCN methodology and it was Red Listed as "Least Concern - Extremely Rare". The results are published in:
MECENERO, S., BALL, J.B., EDGE, D.A., HAMER, M.L., HENNING, G.A., KRÜGER. M., PRINGLE, E.L., TERBLANCHE, R.F. & WILLIAMS, M.C. (eds) 2013. Conservation assessment of butterflies of South Africa, Lesotho and Swaziland: Red List and Atlas. Johannesburg & Cape Town: Saftronics (Pty.) Ltd. & Animal Demography Unit. 676 pp.
The red listing also appears on SANBI's Red List website:
http://speciesstatus.sanbi.org/assessment/last-assessment/748/
It can be seen by studying the references that this butterfly has always had a restricted range and it is never found in great numbers. It can be inferred that it has a slow population growth rate and would not be able to withstand exploitation.
MECENERO, S., BALL, J.B., EDGE, D.A., HAMER, M.L., HENNING, G.A., KRÜGER. M., PRINGLE, E.L., TERBLANCHE, R.F. & WILLIAMS, M.C. (eds) 2013. Conservation assessment of butterflies of South Africa, Lesotho and Swaziland: Red List and Atlas. Johannesburg & Cape Town: Saftronics (Pty.) Ltd. & Animal Demography Unit. 676 pp.
PRINGLE, E.L. 1995. A new subspecies of Charaxes xiphares (Cramer) (Lepidoptera: Nymphalidae) from the Western Cape Province, South Africa. Metamorphosis 6: 176-179.
PRINGLE, E.L.L., HENNING, G.A. & BALL, J.B. 1994. Pennington's butterflies of southern Africa. 2nd edn. Struik Winchester, Cape Town. 800 pp.