South Africa Tobacco Industry Report 2024: The Vape Market is Growing Strongly, but Excise Duties Introduced in 2023 and Proposed Regulation is Causing Concern about Profitability - ResearchAndMarkets.com
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.
- 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.
- Tobacco products and vape companies are concerned that legislation bringing e-cigarettes into the regulatory and tax net will destroy the industry.
- The vape market is growing strongly, but excise duties introduced in 2023 and proposed regulation is causing concern about profitability.
- This report on the tobacco and tobacco products industry includes information on tobacco farming and processing, cigarette manufacturing and tobacco, e-cigarettes, and tobacco heating products.