oa South African Journal of Information Management - Management of intellectual capital in the South African horseracing industry : peer reviewed article

Abstract

The purpose of this research was to determine to what extent intellectual capital is recognized and developed in the South African horseracing industry. The industry can be defined as an oligopoly, with Phumelela and Gold Circle the key organizations. Phumelela and Gold Circle's intellectual capital recognition and development was examined and compared. In this article, intellectual capital is defined according to three categories - human, structural and relational capital. Intellectual capital's organizational importance is also discussed. The empirical study was conducted by examining the annual reports and financial statements of Phumelela and Gold Circle. Specific structured interviews with key industry role players were done. Recommendations are made to assist in the industry's task of managing and developing intellectual capital.