Industry revenue of “retail trade in food, beverages and tobacco in specialised stores“ in South Africa 2011-2023
One of the reasons for this tepid growth is a drastic reduction in the number of people consuming tobacco products in the country. In fact according to a 2018 Statista survey, as many as 68% of the respondents did not consume cigarettes/tobacco regularly. Another reason is the country’s sluggish economic growth, which has affected the retail sector as a whole.