
Jewel of the Forest
I wasn't sure of the specie at first and Wiki does not list it as being in South Africa so I sent the photo off to a fungi expert in this country and he confirmed it is indeed the Bleeding Tooth or Devil's Tooth fungus. What unfortunate names for something so beautiful!

''Hydnellum peckii'' is an inedible fungus, and a member of the genus ''Hydnellum'' of the family Bankeraceae. It is a hydnoid species, producing spores on the surface of vertical spines or tooth-like projections that hang from the undersurface of the fruit bodies. It is found in North America, Europe, and was recently discovered in Iran and Korea . ''Hydnellum peckii'' is a mycorrhizal species, and forms mutually beneficial relationships with a variety of coniferous trees, growing on the ground.. more
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