New Market Study, "Tobacco in South Africa", Has Been Published
Retail volume sales of cigarettes remained under pressure in 2012, due to the growth in illicit trade. Illicit cigarettes continued to gain a significant market share, with an estimated 8.4 billion sticks smuggled into South Africa in 2012. As a result, volume sales of legal cigarettes declined. In addition, escalating tobacco taxation, coupled with high levels of unemployment, slow income growth, increasing utility bills, rising debt and increases in cigarette unit prices, continued to put...
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