The government will push for increased investment in research and development, higher education, science and technology minister Blade Nzimande said on Tuesday.
The SA government recently introduced the research and development tax incentive programme. The incentive was designed to encourage private-sector investment in scientific and technological research and development activities. It was introduced to help the country achieve a target for research and development expenditure of 1.5% of GDP.
Nzimande said the government had identified initiatives to develop new research and development of industries that could help improve SA's value addition in what the country produces and exports. Nzimande said his department would also continue to bring much-needed innovation to the taxi industry.