CSIR exceeds its targets

2010-11-11 14:17

Cape Town - The CSIR has announced its results for the past year.

"The Council for Scientific and Industrial Research (CSIR) has announced that it has exceeded most of its targets and has achieved a solid overall performance for its 2009/10 financial year," the organisation said in a statement.

Research has been under some pressure as the department of science and technology has cut some of its budget. However, CSIR president Dr Sibusiso Sibisi said the organisation had performed well.

"Financially, we exceeded our targets for total turnover, net profit and the value of contract research and development (R&D) during the past year. We have also maintained an unqualified audit," said Sibisi.

According to statements from the CSIR, income increased about 14% and total group income amounted to about R1.6bn.

In terms of staff, the CSIR increased its science and engineering staff from 59% to 64% and the number of students it supports has increased from 66 to 232 according to its annual report.

The CSIR was granted 13 international patents and disclosed 38 inventions.

"We have started a special initiative that focuses on the transfer of CSIR-developed technologies and solutions to improve service delivery, with implementation through the appropriate government line departments. We strongly promote science and technology as enablers for improvement in our society and economy," Sibisi said.

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  • chub - 2010-12-10 10:27

    So who owns these patents and who takes the money made by the royalties?

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