Address by Naledi Pandor MP, Minister of Science and Technology, introducing the science and technology budget vote, 21 May 2015
21st May 2015

"Science and innovation: driving forces for future growth"

Chairperson, honourable members, guests in the gallery, I'm pleased to present the 2015/16 budget and programme plans of the Department of Science and Technology.

Much of the work of the national innovation system involves medium to long-term horizons. Thus we say our work will shape the future.

Our budget for 2015/16 increases modestly to R7.4 billion. Although we are working closely with colleagues in Treasury to map out a process for ensuring we reach the ANC Manifesto target of 1,5% of GDP by 2019, I remain concerned that inadequate resources for research and innovation will deny us the opportunity to realise the full potential of the difference science and innovation can make in a society.

We fully accept the restraints government has placed on public expenditure, but we assert that investment in research and innovation can and will lead to greater prosperity, more jobs, and more entrepreneurs. I hope to show today that science and innovation are driving forces for future growth.

The results of several of our programmes show clearly that the support we have received has placed us in an excellent position to respond to South Africa’s triple challenges of unemployment, inequality and poverty.

 

Read full speech at: http://www.dst.gov.za/index.php/media-room/media-room-speeches/minister/1385-address-by-naledi-pandor-mp-minister-of-science-and-technology-introducing-the-science-and-technology-budget-vote-21-may-2015

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