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South African R spending on the rise but government aims yet higher The South African government seeks to increase the country investment in research and development (R by 100% from the R29 billion of 2014/2015 to about R60 billion a year by 2020.
In terms of percentage of gross domestic product (GDP), this would involve an increase from 0.77% to 1.5%.This was affirmed by Science and Technology Minister Naledi Pandor at the release of the Survey 2014/2015 in Pretoria on Wednesday. It came to R29.3 billion in 2014/2015, which was (in constant 2010 rand terms) an 8.1% increase over the preceding year. This was despite the fact that the country GDP growth rate was decelerating, from 2.2% in 2013 to 1.5% in 2014.R is showing signs of recovery, she highlighted. wish it was a robust recovery, but it is showing signs of recovery, which is good. (For R expenditure purposes, State owned companies are included in the business sector.)It was, in fact, business R that was the main impetus to the rise in national R spending. Within business, the main sector driving the increase was manufacturing. However, the business sector which contributes most to R is financial and business services, which includes software. The electricity, gas and water supply sectors and the communications, transport louis vuitton neverfull mm amazon and storage sectors, all six of which had previously reported louis vuitton purses at nordstrom decreases in R spending during the previous three surveys, now reported increasing their R budgets.The big exception was mining and quarrying, were R expenditure fell by 20%. concerned that mining and quarrying R has decreased, she observed.Nevertheless, the government remains the biggest R funder in South Africa. Of the country gross domestic expenditure on R 43.9% came from the State. The business sector ranked second, at 40.8%, while foreign sources accounted for 12.2% and other domestic sources for 3.1%.The country corps of R personnel increased to 38 465 in 2014/2015. Some 84% of the new researchers were louis vuitton agenda inserts postgraduate students. The DST believes this is the result of its Research Chairs Initiative and postgraduate bursaries.in all, the most important trend to observe from the R Survey 2014/2015 is that the business sector has replaced the higher education sector as the lead contributor to the increase in R spending, pointed out Pandor.
is working to attract international R and to take better advantage of our integration louis vuitton purses on sale into global R value chains. R Survey 2014/2015 was one of two reports released at the same time.
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