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Budget 2025 | South Africa's path to inclusive innovation

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With limited resources and economic pressures mounting, the need to balance economic growth with social support for the vulnerable has never been more critical. One of the key areas that must be prioritised in the government's financial and policy commitments is Innovation for Inclusive Development (IID).
The article from MSN discusses South Africa's Budget 2025, focusing on the country's strategy to foster inclusive innovation. It highlights Finance Minister Enoch Godongwana's emphasis on economic growth through innovation, particularly in sectors like technology, renewable energy, and small business development. Key points include increased funding for research and development, tax incentives for startups, and initiatives aimed at bridging the digital divide. The budget also addresses the need for skills development to ensure that the benefits of innovation are widespread, promoting inclusivity. Additionally, there are plans to enhance infrastructure to support tech hubs and innovation centers across the country, aiming to create jobs and stimulate economic activity in underrepresented areas. The overarching goal is to position South Africa as a competitive player in the global innovation landscape while ensuring that economic growth benefits all citizens.

Read the Full MSN Article at:
[ https://www.msn.com/en-za/news/other/budget-2025-south-africa-s-path-to-inclusive-innovation/ar-AA1zgB4S ]