"I'm assuming that means the south magnetic pole is also on the move?'
The Equator as well? Weather implications... just what we need, something else that the "climate change" zealots can demagogue. What socialist "solution" do you suppose will be trotted out for this one?
The equator is an imaginary line that circles the globe center. It won't go anywhere.
The Equator is not based on Magnetic North.