South Africa’s best employers 2024: Top 10

Here are the top 10 best employers in South Africa, according to the latest Forbes list of the world’s best employers.

Nov 13, 2024 - 03:00
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South Africa’s best employers 2024: Top 10

The latest Forbes list of the world’s best employers highlights companies that create a positive working environment. Here are the top 10 best employers in South Africa.

Forbes’ list of the world’s best employers

How Forbes compiles the list

Forbes, in collaboration with the market research company Statista, created this list by surveying over 300 000 employees from more than 50 countries.

Only multinational corporations that have at least 1 000 workers and operate in at least two of the six global regions – Africa, Asia, Europe, Latin America and the Caribbean, North America, and Oceania – formed part of the research.

Participants had to indicate whether they would recommend their company to others to work there. They also evaluated it based on factors like salary, opportunities for talent development, and options for remote work.

Additionally, respondents could rate companies they were familiar with through their own experiences or through others who were employed there.

South Africa’s best employers: Top 10

Surprisingly, most of South Africa’s best employers are companies in the banking and financial services industry.

RankCompanyIndustry
1Standard Bank GroupBanking and Financial Services
2NedbankBanking and Financial Services
3MTN GroupTelecommunications Services, Cable Supplier
4SasolConstruction, Chemicals, Raw
Materials
5FirstRandBanking and Financial Services
6AdcorpBusiness Services and Supplies
7Mediclinic InternationalHealthcare and Social Services
8AECIConstruction, Chemicals, Raw Materials
9SappiConstruction, Chemicals, Raw Materials
10RMB HoldingsBanking and Financial Services

Increasing uncertainty among employees

Various factors contribute to employees feeling uncertain about their future in the labour market. People are increasingly concerned about the rapid evolution of generative AI in the workplace. Also, the growing cost of living is a reality that is a concern to many employees.

The latest annual Gallup State of the Global Workplace Report showed that 32% of employees in South Africa experience high levels of stress, while 15% experience daily anger. The 2024 report focussed particularly on the role of work in employee mental health and well-being.

Of the respondents in the Gallup survey, 56% said that they are actively seeking another job.

What factors influence how happy you are with your work environment?

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