State is set on boosting investment in research and development, says Blade Nzimande
Sub-Saharan African states spend less than 0.5% of GDP on R&D on average, while OECD countries — mostly high-income economies — average 2.3%
The government will push for increased investment in research and development, higher education, science and technology minister Blade Nzimande said on Tuesday.
The government has emphasised the need to invest in research and development to tackle some of SA’s ills such as food insecurity, water shortages and climate change. It has previously said it wants investment in the sector to increase from just under 1%, to 1.5% of GDP by 2020. Thus spending could reach about R60bn a year by 2020.