National Research Foundation (nrf): Business Plan 2008/9- 2010/11

Revised values for grantholder-linked bursaries: 2008

(R 30 million additional investment)

0. Final year undergraduate (F-t) - R8 000 pa

1. Honours / BTech (Full-time) R8 000 R15 000 pa

2. Masters degree (Full-time) R20 000 R30 000 pa

3. Doctoral degree (Full-time) R35 000 R45 000 pa

4. Postdoctoral (pro rata per month)R60 000 R80 000 pa

5. Staff development bursary R15 000 R25 000 pa

HUMAN CAPITAL DEVELOPMENT: WHY THE PHD?

0. Pinnacle qualification

1. Definition: “Broadening the frontiers of knowledge.”

2. Self employed innovators and job creators

3. Only 37% of instructional staff at SA HEIs hold a PHD

4. PhD student supervision > 10:1; ideal 5:1

5. 85% of new jobs in knowledge service work (Drucker)

6. Investment in humans key competitive advantage (Michael Porter)

THE PHD PIPELINE in SA :