SA INNOVATION - South Africa World Expo 2020
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SOUTH AFRICA INNOVATION

For South Africa our view on the importance of innovation stems from one belief: that a coordinated and efficient national system of innovation will help the country achieve its national development priorities by promoting change through innovation, enabling all South Africans to enjoy the economic, socio-political, and intellectual benefits of science, technology, and innovation.

A survey held by South Africa’s Center for Science, Technology and Innovation indicators – together with the Department of Science and Technology – showed that innovation was pervasive across all sectors in 2020.

 

A high percentage of businesses were innovation active – almost up to 70%. This proportion of innovation active businesses compares favourably with trends in OECD countries.

 

A substantial number of innovation-active businesses reported the use or development of advanced new technologies. These included computerised design and engineering, material handling, supply chain and logistics technologies, business intelligence technologies, and green technologies.

 

Innovation-active businesses also accessed national and global markets more than their counterparts with no activity. This included markets in the rest of Africa, Europe, and Asia. Businesses with innovation activity were more likely to have sold their goods and services on national markets (58.1%) when compared to non-innovation-active businesses (37.7%).

 

Quality improvement was the top-rated innovation outcome for innovation-active businesses. Improved quality of goods and services was considered by 38.0% of product and process innovators as a highly successful outcome of innovation. This was followed by increased revenue (31.8%) and improved profit margins (30.9%).

 

Think South Africa, Think Opportunity.