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Stock impact report

South Africa Tobacco Market Report 2024, Featuring 28 Company Profiles Including JT International, British American Tobacco, Philip Morris, Gold Leaf, Carnilinx, Vape Africa, Vaperite and ...

British American Tobacco Industries, p.l.c. ADR (BTI) 
NASDAQ:AMEX Investor Relations: bat.com/ir
Company Research Source: Yahoo! Finance
South Africa's tobacco industry is facing enormous challenges from an illicit cigarette market that entrenched itself during the five-month tobacco sales ban in 2020. Illicit sales of cheaper cigarettes appear to occupy over half of the market and duties are collected on less than half of all cigarettes sold. Low revenue and volumes have resulted in a dramatic drop off in demand for tobacco leaf, causing the exit of many tobacco farmers from the industry. Competition has increased in the e-cigarette market, which is shifting from refillable cartridge and tank devices to cheaper, disposable units. Tobacco products and vape companies are concerned that legislation bringing e-cigarettes into the regulatory and tax net will destroy the industry. Industry players say intensifying tobacco controls in an environment of a large illicit economy will entrench illicit sales rather than discourage tobacco use. Key Market Trends Closed, disposable vape devices are driving growth and the big Show less Read more
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