About 13% of smokers in SA have stopped smoking largely due to health and financial reasons, and producers are likely to report reduced profits around the globe, according to a recently released report by UK-based analytics and consulting firm, GlobalData.

The survey covered 11 countries including SA, the US, the UK and China. It had a target sample size of 500 respondents per country. It found that about 8% of global consumers, which included more millennials than any other age group, intend to stop buying tobacco and its alternative products, such as e-cigarettes, considering them beyond their current shopping budgets...

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