{"id":874364,"date":"2026-09-17T13:00:00","date_gmt":"2026-09-17T11:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=874364"},"modified":"2026-09-17T12:09:47","modified_gmt":"2026-09-17T10:09:47","slug":"the-three-private-companies-in-south-africa-that-employ-nearly-344000-people","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/874364\/the-three-private-companies-in-south-africa-that-employ-nearly-344000-people\/","title":{"rendered":"The three private companies in South Africa that employ nearly 344,000 people"},"content":{"rendered":"\n<p>While South Africa struggles with rising unemployment, Shoprite, Bidvest, and Sibanye Stillwater employ over 300,000 people combined.<\/p>\n\n\n\n<p>These three companies employ the equivalent of a quarter of the government&#8217;s workforce, and account for about 2% of all formally employed workers.<\/p>\n\n\n\n<p>In the second quarter of 2026, South Africa&#8217;s unemployment rate rose to 36.6%, making it one of the highest in the world.<\/p>\n\n\n\n<p>The rate has slowly risen in recent years as slow GDP growth has placed pressure on businesses, preventing expansion and job creation.<\/p>\n\n\n\n<p>Despite difficult economic challenges, some companies have continued to expand their operations and their employee numbers.<\/p>\n\n\n\n<p>South Africa&#8217;s largest private employer is Shoprite Holdings, which encompasses several retailers, including Checkers, Shoprite, and Usave.<\/p>\n\n\n\n<p>The company currently employs over 174,000 people, with the vast majority in its South African operations.<\/p>\n\n\n\n<p>The retailer has a large footprint in South Africa, operating thousands of stores and having a fast-growing grocery delivery service.<\/p>\n\n\n\n<p>The country&#8217;s second-largest employer is Bidvest, which works largely in South Africa&#8217;s business-to-business logistics sector.<\/p>\n\n\n\n<p>The company functions in several countries, with over 130,000 employees across its local and international operations.<\/p>\n\n\n\n<p>In South Africa, the company has approximately 97,000 employees, most of whom work in its services division.<\/p>\n\n\n\n<p>Mining firm Sibanye Stillwater is the third-largest employer in South Africa, with over 72,000 employees across its operations at the end of 2025.<\/p>\n\n\n\n<p>The company has several operations in South Africa related to mining, smelting, and refining raw materials.<\/p>\n\n\n\n<p>The firm is also one of South Africa&#8217;s largest businesses by worth, with a market cap of nearly R150 billion.<\/p>\n\n\n\n<p>Combined, these companies employ approximately 344,000 people across several South African industries.<\/p>\n\n\n\n<p>The chart below shows the five largest private employers in South Africa, including contractors and subtracting overseas workers where possible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">South Africa&#8217;s five largest private employers<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Employees<\/strong><\/td><\/tr><tr><td>Shoprite<\/td><td class=\"has-text-align-center\" data-align=\"center\">174,000<\/td><\/tr><tr><td>Bidvest<\/td><td class=\"has-text-align-center\" data-align=\"center\">97,301<\/td><\/tr><tr><td>Sibanye Stillwater<\/td><td class=\"has-text-align-center\" data-align=\"center\">72,668<\/td><\/tr><tr><td>Impala Platinum<\/td><td class=\"has-text-align-center\" data-align=\"center\">63,281<\/td><\/tr><tr><td>Standard Bank<\/td><td class=\"has-text-align-center\" data-align=\"center\">50,714<\/td><\/tr><\/tbody><\/table><\/div><figcaption class=\"wp-element-caption\">Based on each company&#8217;s latest financial results.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">South Africa&#8217;s biggest employer is the government<\/h2>\n\n\n\n<p>South Africa&#8217;s five largest employers employ a combined 457,964 people, which is far fewer than the number of people employed by the government.<\/p>\n\n\n\n<p>The South African government employs over 1.2 million people across all sectors, making it the largest employer in the country.<\/p>\n\n\n\n<p>The education department is one of the largest employment sectors in the government, with nearly 500,000 educators and support staff.<\/p>\n\n\n\n<p>Despite the size of the Department of Education, South Africa has struggled with its teacher vacancy rate, with roughly <a href=\"https:\/\/businesstech.co.za\/news\/government\/869532\/south-africa-is-losing-an-important-group-of-people\/\">17,450 teaching posts currently empty<\/a>.<\/p>\n\n\n\n<p>The number of unfilled teaching posts equals a national teacher vacancy rate of roughly 4%, with provinces such as the Western Cape and Limpopo having vacancy rates above 10%.<\/p>\n\n\n\n<p>While the large employment numbers from some of South Africa&#8217;s private companies are positive, many struggle with slow growth.<\/p>\n\n\n\n<p>In the last five years, South Africa&#8217;s total labour force has grown by roughly 2.85% annually, while employment opportunities have struggled to keep pace.<\/p>\n\n\n\n<p>Between 2025 and 2026, Bidvest&#8217;s total employment in South Africa rose by roughly 0.69%, while Standard Bank&#8217;s increased by 0.79%.<\/p>\n\n\n\n<p>The struggle for businesses to grow at the same rate as the working-age population comes as South Africa&#8217;s GDP has grown slowly.<\/p>\n\n\n\n<p>In 2025, the country&#8217;s GDP grew by 1.1%, with many economists forecasting that this figure would gradually improve over the next five years.<\/p>\n\n\n\n<p>These forecasts have been shaken by the announcement of South Africa&#8217;s GDP growth for the second quarter of 2026, which was \u20130.2%.<\/p>\n\n\n\n<p>This marked the first contraction for South Africa&#8217;s GDP in six consecutive quarters, but economists have said that revised forecasts still see South Africa&#8217;s economy growing over the next five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The three largest private sector employers have over 300,000 combined staff across several economic sectors in South Africa.<\/p>\n","protected":false},"author":131,"featured_media":860389,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"failed","_sma_x_autopost_error":"Instagram publishing failed: Instagram returned HTTP 400: Media ID is not 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