$1\mathrm{.}2.$

The information provided below relates to the operations of gold mining company, Pan African Resources Plc$,$ in $2022$ and $2023.$

INFORMATION

$2023$

$2022$

Total gold production

$175\mathrm{.}209$ ounces

$205\mathrm{.}688$ ounces

Revenue

R$5701\mathrm{.}0$ million

R$5709\mathrm{.}4$ million

Labour costs

R$1070\mathrm{.}7$ million $(2469$ employees$)$

R$987\mathrm{.}5$ million $(2193$ employees$)$

Electricity consumption

R$505\mathrm{.}2$ million $(1403\mathrm{.}02$TJ$)$

R$512\mathrm{.}7$ million $(1357\mathrm{.}07$TJ$)$

Capital expenditure

R$1782\mathrm{.}2$ million

R$1031\mathrm{.}3$ million

Other inputs

R$197\mathrm{.}3$ million

R$909\mathrm{.}7$ million

$1\mathrm{.}2\mathrm{.}1.$

Determine Pan African Resources$$ gold production per employee $($i$.$e$.,$ labour productivity$)$ in $2022$ and $2023($round off answer to five decimal places$)$ and comment on the results obtained by suggesting probable causes of the change in labour productivity. $(4$ marks$)$

$1\mathrm{.}2\mathrm{.}2.$

Using the sales revenue to represent the output from the operations, determine Pan African Resources$$ multifactor productivity in $2022$ and $2023($round off answers to two decimal places$)$ and comment on the results obtained. $(7$ marks$)$