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South Africa's R&D spending grew by 2.1%, but researchers decreased, keeping R&D at 0.61% of GDP.
South Africa's R&D expenditure rose by 2.1% to about 1.57 billion USD in the 2022/2023 fiscal year, with business spending increasing by nearly 1 billion rands, primarily due to higher investments in manufacturing and mining.
Despite this growth, the proportion of R&D to GDP stayed at 0.61%, and the number of researchers slightly decreased.
The survey highlights trends for policymakers in South Africa’s research landscape.
5 months ago
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