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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Technological innovation and economic growth in South Africa: in search of missing links
Author:De Villiers, J.A.
Periodical:RSA 2000: gesprek met die toekoms
Geographic term:South Africa
Abstract:The most appropriate reaction by companies and countries to change in their social, business and market environments is to innovate in the products which are marketed and the production methods that are employed. True innovation or the creation of new and need-fulfilling products requires a sufficient input of research and development. In the manufacturing sector in South Africa less than half a percent of sales value is spent on research and development, which is minutely small for any reasonable developed industrial sector. Many manufacturing companies in this country see technology as an essential operational tool, but not as an essential strategic resource. Most enterprises refuse to invest in the development of their technological resource base with a view to realizing a sound return in the long run. Not only South African business, but the whole community will in fact have to invest more in technical education and technological competence. Bibliogr.