| Title | Chapter 3: Human capital measurements: A case of listed Zimbabwean mining companies |
|---|---|
| DOI | https://doi.org/10.4102/aosis.2025.BK497.03 |
| Landing page | https://books.aosis.co.za/index.php/ob/catalog/book/497 |
| License | https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| Copyright | Martha Matashu, Lilian I Nwosu & Calvin Mahlaule (eds.). Licensee: AOSIS (Pty) Ltd. The moral rights of the editors and authors have been asserted. |
| Publisher | AOSIS |
| Published on | 2025-09-15 |
| Long abstract | This chapter aims to establish metrics for the human capital of mining companies in Zimbabwe. Human capital is widely recognised as the primary engine of value creation, financial performance and organisational competitiveness, particularly in emerging economies. However, the reporting of human capital aspects in corporate annual reports has been hampered by the uncertainty surrounding the measurement of these aspects. To establish human capital measurements, a mixed-method research approach and sequentially exploratory mixed-method research design were adopted. Data were obtained in two stages. The first stage involved the gathering of qualitative data through semi-structured interviews, and the second stage involved the collection of quantitative data using a questionnaire survey. The study population consisted of three stakeholder groups from the mining industry: Management, professionals and technicians. Thematic analysis was used to analyse qualitative data, while factor analysis was employed to analyse quantitative data. The results demonstrate that the following characteristics are included inhuman capital measurements: workforce demographics, return on investment in human capital and return on investment in education and training. This study suggests the adoption of universal metrics when reporting on human capital in financial statements. |
| Print length | 20 pages |
| Language | English (Original) |
| THEMA |
|
| BIC |
|
| Funding |
Queen Mpofu is an experienced lecturer with a proven history in the higher education sector. She specialises in accounting and finance, as well as research and training, and is currently based in South Africa at Unisa within the Department of Financial Intelligence in the College of Accounting Sciences. In this role, she serves as the postdoctoral research fellow, and supervises Honours and MA degree theses. She also provides support to novice researchers at both undergraduate and postgraduate levels. Mpofu has expertise in teaching modules such as Financial Accounting, Auditing Theory, Applied Research Theory, Management and Cost Accounting, Forensic Accounting and Auditing. She is a former chairperson of a microfinance board and holds a PhD in Economic and Management Sciences with a focus on Accountancy from NWU, obtained in 2021. She also earned an MSc in Accounting and Finance from Namibia University of Science and Technology (NUST) in 2015, a PGDE from the Zimbabwe Open University (ZOU) in 2016 and a BCom (Hons) in Accounting from NUST. Additionally, Mpofu is a facilitator for the She Rebuilds the World Project, which aims to empower young Zimbabwean women with entrepreneurial skills. Her research interests include the Fourth Industrial Revolution (4IR), Accounting education, leadership and human capital development. She possesses strong expertise in qualitative and mixed-method research approaches and has published articles in various journals, as well as co-authored a book chapter on digital financial inclusion. Mpofu aspires to become a recognised authority in research to meet societal needs and empower emerging researchers.
Wedzerai Musvoto is a professor of Accounting and Finance at the School of Business of NWU, South Africa. He holds a PhD in Finance from the University of Pretoria, South Africa. His research interests focus on the application of machine learning techniques in finance and accounting. He has published numerous articles and presented papers at various international conferences, receiving several best paper awards and faculty research awards. Musvoto has served on the editorial boards of multiple journals and is currently involved with several academic journals as an author of book chapters. He has supervised numerous PhD and MA candidates and acts as an external examiner for various postgraduate theses and dissertations, as well as an external moderator for several universities. With extensive experience in higher education, he has developed a deep understanding of governance and leadership within this sector. In addition to his academic qualifications, Musvoto holds credentials from the Chartered Institute of Management Accountants (CIMA) and ACCA. He also possesses significant corporate experience as a CA and in teaching Accounting and Finance-related subjects. Furthermore, he is an expert in programme design, development and evaluation.
Danie Schutte is a professor in the School of Accounting Sciences at NWU, South Africa. He is a chartered accountant (CA[SA]) and holds a Doctor of Philosophy (PhD) in Accountancy from NWU. He has lectured in financial accounting, management accounting and taxation, receiving the Institutional Teaching Excellence Award at NWU in both 2007 and 2011. He served as Treasurer of the Southern African Accounting Association (SAAA) Central Region and was a member of the education committee of the South African Institute of Professional Accountants (SAIPA). Schutte supervises students in accountancy, management accountancy, taxation and forensic accountancy, with 11 PhD and 32 MA students having completed their studies under his guidance. In 2018, one of his PhD students won the SAIPA Award for the Best PhD in Accountancy. Schutte has presented 36 conference papers and authored 50 articles in peer-reviewed journals. In 2020, he was recognised as the most productive researcher in his faculty and received the Best Paper Awards at the SAAA Conference in both 2018 and 2022. Additionally, he is a visiting professor at Chandigarh University, India; a sectional editor for the South African Journal of Economic and Management Sciences; and the chairperson of the School of Accounting Scientific Committee at NWU.