Government Policy
Despite government efforts to encourage entrepreneurship in biotechnology, information technology and other high technology fields, no other notable groundbreaking companies have been founded in South Africa. It is the expressed objective of the government to transition the economy to be more reliant on high technology, based on the realisation that South Africa cannot compete with Far Eastern economies in manufacturing, nor can the republic rely on its mineral wealth in perpetuity.
Read more about this topic: Science And Technology In South Africa
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