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Ramaphosa announces the Presidential PhD Initiative with a R1 billion investment.
To advance science and technology, President Cyril Ramaphosa announced on Tuesday that the government had launched the Presidential PhD Initiative with an initial R1 billion investment from the National Skills Fund.
He announced the initiative during the inaugural Presidential Science, Technology, and Innovation (STI) Plenary in Pretoria.
Through this initiative, key competencies in the fields of advanced biotechnology, artificial intelligence research, fuel cell development, battery storage, and next-generation mining will be developed.
Ramaphosa urged the private sector and foreign allies to help increase the Presidential PhD Initiative fund’s investment to R5 billion by 2030 and highlighted that there have been significant strides in higher education including the number of students graduating from public universities from about 60,000 in 1994 to around 230,000 by 2018.
“The first phase aims to expose our country’s brightest young minds to cutting-edge thinking and research by negotiating opportunities at world-leading universities and research centers,”
“We must harness education, science, and innovation to protect our natural environment, drive inclusive economic growth and enrich all areas of human endeavour.”
President Cyril Ramaphosa
President Ramaphosa just announced the Presidential PhD Initiative, which will bring together bright minds to tackle AI research, fuel cell development, battery storage and so on. He has also asked the private sector to invest in this initiative. pic.twitter.com/y5lICe0khd
— @SAgovnews (@SAgovnews) December 12, 2023
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