R32bn invested in SA’s research and development

Business
Five institutional sectors helped boost SA's R&D spend. South Africa's total contribution towards research and development (R&D) reached R32.3 billion during the 2015/2016 period. This is according to the recently released 2015/2016 National Survey of Research and Experimental Development, which showcases expenditure of five institutional sectors that perform R&D in the country. The survey shows gross expenditure on R&D (GERD), the total spending by all five sectors nationally, at R32.3 billion, based on the rand value for the period in review. In constant 2010 rands, GERD amounted to R24.5 billion. Godfrey Mashamba, chief director for science and technology investment at the Department of Science and Technology (DST), says the GERD in 2015/2016 indicates an increase of 10.2% compared to the year before. GERD amounted to R29.3 billion based on 2014/2015…
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