We estimate that the illicit tobacco trade costs the South African fiscus R8-billion a year. For more, listen to our Daily Maverick's Don't Shoot The Messenger podcast on Unintended Consequences of the Lockdown
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As IQOS continues to expand its market share and revenue, the potential for it to catch up with or overtake Marlboro in brand value remains contingent on its sustained growth and further integration within PMIs overall portfolio
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