Sep 22 2014Reviewed by Sarah Moore Global Market ReportSouth Africa This article was updated on the 5th January, 2023
The country has a dual economy that is considered the largest in Africa, and it is expected to grow by 1.1% in 2023, and 1.6% in 2024 following a small contraction caused by the COVID-19 pandemic. In 2021, the GDP of the country was US$419.02 billion. Nanotechnology Organizations South Africa has a few organizations and networks committed to promoting and exploring nanoscience. A brief introduction to these is given below:
NIC activities are aimed at addressing national priorities highlighted by both the national nanotechnology strategy and the national research and development strategy. It focuses on the transformation of South Africa from a resource-based economy towards a knowledge-based economy using nanotechnology.
Nanotechnology Education and Research South Africa is home to a few universities offering research and educational opportunities in nanotechnology. These are listed below: University of the Free State The University offers research opportunities in materials and nanosciences. Further Developments In November 2007, South Africa launched its first nanotechnology innovation center. Being a developing nation, South Africa had much to gain from pursuing nanotechnology.
The 2013 - 14 budget includes medium-term funding for two new universities and the improvement of facilities in existing universities. However, South Africa will need to increase its research expenditure to maintain its competitiveness as other nations continue to work on strategic plans and increase their research expenditure.
However, compared with the BRICS countries , South Africa has the lowest productivity in the field of nanotechnology, with an activity index over the last two decades of just 0.68. Meanwhile, China tops the group with an activity index of 2.
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