Sector: Consumer Goods
The company is not available at Interactive Brokers
British American Tobacco (JSE:BTI) is a leading, multi-category consumer goods company that provides tobacco and nicotine products to hundreds of millions of adult consumers worldwide.
For decades, the company has built its business on meeting the preferences of adult smokers with leading cigarette brands, superior products and market-leading innovations. That remains the case today because cigarettes are still at the core of its business. They continue to be used by millions of adult smokers, despite the well-known health risks of smoking.
However, our world is changing.
It is widely accepted that most of the harm associated with tobacco is caused by inhaling the smoke produced by the burning of tobacco. That is why the company is dedicated to the development and sale of alternative tobacco and nicotine products that don’t burn tobacco.
An unprecedented confluence of technology, societal change and public health awareness has created a unique opportunity to make a big leap forward in the company's long-held ambition to provide its consumers with new categories of potentially reduced-risk products.
Indeed, this is reflected in its corporate purpose today – to build A Better Tomorrow by reducing the health impact of its business through offering a greater choice of enjoyable and less risky products for consumers.
With its global scale and the strength of its commitment, the company is perfectly positioned to capitalise on this ambition: providing adult consumers with more choice, more innovation and potentially less risk.
British American Tobacco believes that by providing a range of high quality, innovative products, many millions of smokers will increasingly make the choice to switch.
Today, its portfolio of cigarette brands is complemented by a growing range of potentially reduced-risk products, which include:
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The South African arm of British American Tobacco (BAT) is looking to restructure the business, a process that may affect about 200 jobs, following a further decline in its cigarette sales in the country, it said on Monday.
2023-01-16LONDON (Reuters) -South African conglomerate Steinhoff has chosen Warsaw over London to list shares in its Pepco Group discount retailer business, in what could become Poland`s biggest initial public offering (IPO) this year.
2021-04-26
* Names Richard Burrows chairman (Adds details from conference call)
2021-04-26In the latest wave of panic-buying triggered by the COVID-19 pandemic, South African smokers on Tuesday snapped up all the cigarettes they could lay their hands on after the lifting of a five-month ban designed to curb the spread of the coronavirus.
2020-08-18
A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country`s coronavirus lockdown.
2020-05-29
South Africa`s rand weakened against the dollar in afternoon trade on Wednesday, with market sentiment bruised by indicators painting a bleak outlook for the economy both at home and globally amid the coronavirus crisis.
2020-05-06
The South African arm of British American Tobacco urged the government on Saturday to reconsider its ban on cigarette sales during the nationwide coronavirus lockdown, saying it would have unintended consequences.
2020-04-04The South African unit of cigarette maker Philip Morris International Inc welcomed the government`s decision to introduce a lower excise tax on heated tobacco products than on regular cigarettes.
2020-02-27
The South African unit of cigarette maker Philip Morris International Inc welcomed the government`s decision to introduce a lower excise tax on heated tobacco products than on regular cigarettes.
2020-02-27British American Tobacco`s (BAT) proposed takeover of e-cigarette maker Twisp won approval from South Africa`s Competition Tribunal on Tuesday after the UK-based group agreed to a series of conditions.
2019-08-13
* Stocks slide as exporters hit by firming currency (Adds latest prices, analyst comments)
2019-07-22
The South African rand strengthened against the dollar on Monday, adding to strong gains last week as dovish comments by the Federal Reserve chair hurt the U.S. currency.
2019-01-07
