New ranking of the top 6 employers in South Africa

 ·19 Feb 2024

Absa and Standard Bank have been named the best employers in South Africa by Forbes’ latest Best Employers ranking.

Now in its seventh edition, the ranking surveys over 170,000 employers in over 50 countries that work for multinational companies and institutions.

Respondents are asked if they would recommend their company to family or friends and to rate their employer on remote-working options, parental leave benefits, diversity, work-life balance, talent development, diversity and pride in the product or services that the company offers.

Responses are then codified into a scoring system, with the 700 companies with the highest scores making the final list.

Absa was ranked the 103rd-best employer in the world and the best in South Africa, followed by Standard Bank at 130th.

It was also named the employer for workers to grow their careers in South Africa by LinkedIn. That said, it was not named as one of the best 20 employers in South Africa by the Top Employers Institute.

Standard Bank was named the second-best employer in South Africa and 130th in the world.

MTN came in third in South Africa and 395th in the world, followed by Nedbank, which was the 405th best in the world.

Mediclinic (652) and Sasol (667) rounded off the South African companies found on the rankings:

#SA# IntlCompanyIndustryEmployees
1103AbsaBanking35 451
2130Standard BankBanking49 325
3395MTN GroupTelecommunications19 295
4405NedbankBanking25 924
5652Mediclinic InternationalHealthcare37 000
6667SasolConstruction / Oil+Gas28 630


Overall, Samsung was named the best employer in the world, followed by Microsft and Google-owner Alphabet.

Tech businesses dominated the top 10, taking seven positions, with most of these companies based in the USA.

# IntlCompanyCountry IndustryEmployees
1SamsungSouth KoreaTech270 372
2MicrosoftUSATech221 000
3AlphabetUSATech190 234
4AppleUSATech164 000
5FerrariItalyAutomotive4 919
6IBMUSATech288 300
7AdobeUSATech29 000
8CostcoUSARetail314 000
9BMWGermanyAutomotive149 475
10Cisco USATech83 300

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