Portulacaria fruticulosa (previously Ceraria fruticulosa or Ceraria schaeferi) is a succulent plant found in southwestern Namibia and the northwestern Cape Provinces of South Africa.

It is a soft-wooded deciduous shrub with flat, round succulent leaves.

It bears unisexual flowers on sessile inflorescences.

Within the genus Portulacaria, it is most closely related to its tiny sister-species, Portulacaria pygmaea.

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