Foreign funding of R&D in South Africa: a growing potential

SOURCE: HSRC Review
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2022
TITLE AUTHOR(S): M.Clayford
KEYWORDS: FINANCIAL SUPPORT, RESEARCH AND DEVELOPMENT (R&D)
DEPARTMENT: Center for Science, Technology and Innovation Indicators (CESTII)
Web link: http://www.hsrc.ac.za/en/review/hsrc-review-march-2022/foreign-funding-sa
Print: HSRC Library: shelf number 9812349
HANDLE: 20.500.11910/19355
URI: http://hdl.handle.net/20.500.11910/19355

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Abstract

As part of its National Development Plan, South Africa has set a target of spending 1.5% of its gross domestic product on scientific and technological research and experimental development (R&D). Achieving this goal requires a significant increase in R&D investment, which currently stands at 0.62% for 2019/20. This comes as the economy is recovering from a recession, affected by the crippling COVID-19 pandemic and the measures to contain it, as well as the social unrest and protests of July 2021. Funding for R&D in South Africa must be increased urgently.