News & events


11 May 2018

Government to invest R7,8-billion in the knowledge economy

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The Department of Science and Technology (DST) plans to invest hundreds of millions of Rands on programmes in the knowledge economy to stimulate economic growth, enhance energy security, and promote the country as a research and development destination.

The Minister of Science and Technology, Mmamoloko Kubayi-Ngubane, delivered her first budget vote as the department finalises a new White Paper on science, technology and innovation (STI), while the National Advisory Council on Innovation works on a framework for a new decadal plan. The premise of the new White Paper is that science, technology and innovation are central to inclusive and sustainable development for shaping a different South Africa. The DST budget this financial year has modestly increased to R7,79-billion.

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