LMS Volume 33 Issue 3 | Page 4

4  LMS  Issue 3 | 2014 Under the microscope SA’s Investment in Research and Development Increases R esearch and development (R&D) plays a significant role in SA society and its economy. However, since 2006 the country has seen investment in this specific area in a steady decline. The recently released results of the 2011/12 National Survey of Research and Experimental Development (R&D Survey) have revealed that this trend seems to have come to an end. Indeed, the survey conducted between 2011 and 2012 has shown that the country increased its investment in R&D during this period. R&D has a major impact on the economic growth and development of any country. In SA, this area is also directly responsible for the technological advancement of the country and thus is closely monitored. Every year the Centre for Science, Technology and Innovation Indicators (CeSTII) team conduct the R&D Survey throughout SA in order to assess the investment in South African R&D, and to understand the country’s current R&D profile. In April, SA’s Minister of Science and Technology, Derek Hanekom, announced the results of the 2011/12 R&D Survey. While the two previous surveys (2007/2008 and 2009/2010) recorded a steady decline in the R&D spend in the country, the Minister announced that the 2011/12 survey revealed that SA had increased its investment in R&D to R22.2bn. Therefore, the R&D spend in the country had increased by R2bn in the last year. Hanekom said that he believed that this indicated a turning point for South African R&D investment. However, while the news of the increase is a step in the right direction, SA still has a long distance to walk before it can achieve the world average of R&D investment. Currently, SA’s gross expenditure on research and development (GERD) is 0.76% of the gross domestic product (GDP) and has remained the same since the last survey was conducted. The world average GERD is presently 1.77% of the GDP, with China and Brazil achieving GERDs of 1%. ŸŸ R&D in SA While the South African R&D spend still has some catching up to do, the current investment in th