The forecast for higher education expenditure on R&D in South Africa shows stability from 2024 to 2027, with a value remaining constant at 0.26% of GDP. In 2028, a slight increase to 0.27% of GDP is forecasted. Compared to 2023, there appears to be no significant year-on-year variation until 2028, which indicates a rather stable investment level with a minimal upward trend in the longer term. The Compound Annual Growth Rate (CAGR) over the last 5 years reflects negligible average variation per year, underscoring overall stability.
Future trends to watch for include potential government policy changes, increased private sector involvement, and international partnerships that could drive further increases in R&D expenditure. Monitoring global economic conditions and their impact on South African education funding will also be crucial.
