'More money must be spent on research': CSIR


Ghion Ashenafi, an electrical engineer at the Entoto Observatory and Research Center, on the outskirts of Addis Ababa, watches a computer screen on July 24, 2015.

JOHANNESBURG - Additional funding and resources must be invested in research and development in South Africa.

That&39;s the word from the Centre for Scientific and Industrial Research (CSIR), which believes this will help businesses become more innovative.

Currently, South Africa spends less than 1% of GDP on research.

It means the country struggles to compete globally when it comes to scientific research.

Government believes one solution would be to raise the levels of research and development and it&39;s calling for buy-in from the business sector.

Companies, however, complain about the waiting time to register for research-based tax incentives.

This is despite the system being in place for three years.

Paid Content