in this regard the human sciences research council hsrc said in an article in march last year new knowledge innovation and technological change have become the drivers of progress growth and wealth in the world’s leading economies however the article concludes that in developing our knowledge economy and i_letter quote south africa compares well with middle to low income countries such as hungary but it ranks well below other developing countries this may well be about to change as the president has mentioned here through the work of the department of science and technology and the co ordinated efforts of many departments led by the presidency south africa will host