Simon’s stock tips
NEDBANK
Work from home
Nedbank announced a work-from-home (WFH) policy to be implemented after the pandemic. The bank expects 60% of staff to be on one of their campuses each day, relating to two days of WFH every week. We are seeing various companies locally and globally adopting different policies, with Apple at the extreme with only two weeks of WFH a year while other US technological companies are looking to adopt more flexible WFH schedules for staff. This means the death of the office has been greatly exaggerated recently, but it does mean lower demand for offices in the years ahead as there will be excess capacity in current space.
QUANTUM FOODS
Keep a close watch
Remember a year ago when all the excitement was about Quantum Foods as Zeder sold their shareholding? Astral
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