Polaris, the North Star, appears stationary in the sky because it is positioned close to the
line of Earth's axis projected into space. As such, it is the only bright star whose
position relative to a rotating Earth does not change. All other stars appear to move opposite to the Earth's rotation beneath them.
At the North Pole, Polaris would appear directly overhead with the other stars circling
around it during the course of a night. As you move south, away from the Pole, Polaris would appear further down in the northern sky but still be at the center of daily stellar motions around it.
There is no bright star overhead at the South Pole, so no 'South Star' equivalent currently exists. The North Star, however, will not 'always' point north. Because the Earth wobbles like a top in its orbit, Polaris will eventually appear to move away from the pole and not be the North Star again for another 26,000 years.
Paul Walorski, B.A., Part-time Physics/Astronomy Instructor
'One cannot help but be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is enough if one tries merely to comprehend a little of this mystery every day.'