Luxury Cigars in South Africa - New Market Research Report
Luxury cigars saw the worst performance in luxury goods in volume and current value terms in 2012 over the previous year, with sales growing by less than 1% and by 7% respectively. This was chiefly due to high import duties on cigars, which greatly inflate unit prices and deter importers from representing all but the most popular brands. High import duties also deter new product development. Growth was also hindered by a ban on smoking in many public spaces, with...
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