The Minister of Higher Education, Science and Technology, Dr Blade Nzimande, will brief the media on Tuesday, 9 July on the Department of Science and Technology’s plans to spend its R8,2 billion budget for the 2019/20 financial year.
The morning briefing will precede the Minister’s Budget Vote debate, which will take place in the National Assembly at 16:30 under the theme: “Let us grow South Africa together through science, technology and innovation”.
The Department’s 2019/20 Budget Vote takes place just a few months after Cabinet approved the new White Paper on Science, Technology and Innovation (STI). The policy document charts a new path for unleashing South Africa’s full potential towards growing the role of STI in a prosperous and inclusive society over the next 15 years.
Among its key priorities for this financial year, the Department will spend R2,6 billion on human capital development, in particular on assisting honours, master’s and PhD students, as highly skilled human capital is essential to developing a national system of innovation that is globally competitive and responsive to South Africa’s developmental needs.
In addition, about 120 knowledge products are expected to be generated with an allocation of R1,2 billion, focusing on bio-innovation, hydrogen fuel cell technology, renewable energy and energy storage applications.
On the sidelines of the Budget Vote, the Department will host an impressive exhibition at Iziko Museum to demonstrate the value of scientific innovation for society. The exhibition will be open to the public at no charge.
Source: Department: Science and Technology