R&D expenditure increases in SA for third consecutive year
The HSRC's Centre for Science, Technology and Innovation Indicators has released its latest national R&D Survey report, revealing that gross expenditure on research and development (GERD) has increased in nominal terms in South Africa for the third consecutive year after the contraction in the 2009/10 and 2010/11 survey years.
This is an indication that the R&D expenditure trend has stabilised. These trends reflect the general pattern of domestic economic growth and track the global trend in R&D expenditure.
You can download the full report at:
Since the adoption of a policy target for increasing research and development (R&D) expenditure _ to 1,5% of GDP _ within the Medium Term Strategic Framework (2014-2019), there has been an increased focus within government on ways to stimulate R&D investment across all sectors.
The annual R&D survey helps this process by providing evidence about the size, growth and composition of R&D expenditure and human capital devoted to R&D. This assists in monitoring the country’s performance against set targets and also helps us understand how the R&D system is changing over time.