South Africa: Next year s science budget to focus on exploiting STI to create job opportunities | Science sciencebusiness.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sciencebusiness.net Daily Mail and Mail on Sunday newspapers.
The Department of Science and Innovation (DSI) on Monday highlighted that its budget for the financial year (FY) 2023/24, tabled in Parliament last week, was higher than that for the previous FY. The FY 2023/24 budget totalled R10.9-billion, in comparison to the FY 2022/23 budget allocation of R9.1-billion, an increase of R1.8-billion, or nearly 20%. (South Africa’s average inflation rate last year was 6.9%; in January this year it was also 6.9%, it averaged 7% during the first quarter of this year, declining to 6.8% in April.) The budget was tabled by Higher Education, Science and Innovation Minister Dr Blade Nzimande. He gave the budget the theme “Using science, technology and innovation to grow our country and together resolve its challenges”. He assured that the DSI would continue to contribute to the country’s economic recovery and to the creation of a capable State through its science, technology and innovation (STI) decadal plan and its STI budget coordin
A new Circular Economy Demonstration Fund, supported by the Department of Science and Innovation (DSI) and implemented by the Council for Scientific and Industrial Research (CSIR), a DSI entity, is one of four initiatives launched on Wednesday, 10 May. The circular economy is an important source of inclusive economic growth, and the 2019 White Paper on Science, Technology and Innovation (STI) was one of the first South African policy documents to identify its long-term potential.