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South African National survey of Research and Experimental Development 2017/18: key sector results and trends: business sector R&D at a glance. Fact sheet 21

Year: 2025

Type: article

Abstract: R&D performance in the South African formal business sector is vital to the national system of innovation and the future growth of the economy. This fact sheet shows that business spent nearly R16 billion on R&D in 2017/18, equivalent to 0.34% of the country's GDP. Three quarters of this investment was concentrated in the natural sciences, technology and engineering. The lion's share (93.5%) of all business sector R&D expenditure is for applied research and experimental development research, geared to solving problems at firm-level.

Source: Human Science Research Council SA

DOI: 10.14749/30777839

Author: Human Sciences Research Council

Language: English

Topic: Innovation Policy and R&D

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: green

Funder: Human Sciences Research Council

OpenAlex ID: W7108464145

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