Summary:
After more than a decade of pressure from increasing government tobacco controls, a growing illicit cigarette economy and changing consumer attitudes towards smoking, South Africa's Tobacco industry was subjected to a twenty-week prohibition on the sale of all raw tobacco leaf, processed tobacco and all manufactured tobacco products under lockdown measures. This led to the industry losing significant market share to illicit cigarette sales. The industry also faced an 8% increase in excise duties and announcements of renewed government efforts to finalise further tobacco controls.
place of publication:
Intrado
Publication date:
Monday, 6 September, 2021
Format:
digital
Library category:
Strategies and tactics:
Source:
https://www.globenewswire.com/news-release/2021/09/06/2291839/0/en/South-African-Tobacco-and-Tobacco-Products-Industry-2021-e-Cigarette-Industry-Growing-at-a-CAGR-of-Double-that-of-Cigarettes-Cigars-and-Roll-your-own-Tobacoo.html