Time Magazine’s global ranking of the 1,000 best-performing companies has placed nine South African firms on the list, a signal to local suppliers, partners and employees that the firms are being judged on more than profit alone.
The list assigns each company a total score out of 100, a composite rating that blends employee satisfaction, revenue growth and sustainability transparency. A separate growth sub-ranking measures how quickly a company’s revenue is expanding, while an employee-satisfaction sub-ranking looks at how staff rate their workplace.
South Africa’s highest-placed company is Sanlam, the insurance and financial services group, which landed at 388. The next two banks, Absa at 410 and Standard Bank, also made the cut, with Capitec appearing in the growth sub-ranking as “very high”. Old Mutual, MTN, Shoprite, Pick n Pay, Bidvest and the logistics group also featured, ranging from the mid-600s to the low-800s on the full ranking.
Sanlam’s chief executive Paul Hanratty called the placement “a proud moment”, noting that the score reflects the commitment of the company’s people and the trust of its clients. The company also announced plans to roll out banking services as part of its customer amenities in the next year, a move that could create new partnership opportunities for smaller financial-service providers.
Absa topped the employee-satisfaction sub-ranking among the South African entries, suggesting that its workplace policies are resonating with staff. Capitec and Old Mutual each earned a “very high” rating in the growth sub-ranking, indicating that they are expanding revenue faster than many peers.
In the retail sector, Shoprite and Pick n Pay secured spots at 563 and 842 respectively. Their presence underscores that large retailers are being evaluated on how they treat workers and manage environmental impact, factors that can affect the terms they set for suppliers, including small-scale producers.
The full list is dominated by companies involved in artificial intelligence, with U.S. firms such as Microsoft, Meta and Apple occupying the top positions. European defence firms also performed well after the EU pledged roughly €800 billion to defence readiness by 2030, highlighting how public policy can boost certain sectors.
For South African SMEs, the ranking does not change day-to-day operations, but it does raise the bar for larger partners. Companies that score highly on employee and sustainability metrics are likely to expect similar standards from their supply chains, meaning smaller firms may need to improve workplace practices or environmental reporting to stay competitive.
While the prestige of a global ranking is mostly symbolic, it can influence brand perception and attract talent. Firms that leverage the recognition may find it easier to negotiate with banks, attract investors or win contracts, creating indirect benefits that could ripple through the broader economy.
