Question $2$

$(25$ Marks$)$

In $2024,$ Peter Stuyvesant remains one of South Africa's most valuable brands according to the Brand Finance Directory. Analyse the factors contributing to the enduring value of the Peter Stuyvesant brand in South Africa despite the decline in tobacco advertising and changing societal attitudes towards smoking. Among other factors, assess how the brand's strategic marketing communication and historical legacy have influenced its continued success in the market.

Why is Peter Stuyvesant still one of South Africa's most valuable brands?

Faced with a possible band from advertising on national media in Indonesia, Peter Stuyvesant would like to know why the brand has remained resolute under similar circumstances in the South African market. Measured by the South African brand watch company, Brand Finance Directory, the financial value of Peter Stuyvesant is growing, despite there, having been no tobacco advertising and sponsorship activity for the past $25$ years in South Africa. The $2024$ rankings were published recently saw Peter Stuyvesant climb into the top $30$ of Most Valuable Brands in South Africa. As a marketing strategist in South Africa, the CEO for Peter Stuyvesant Indonesia requires your input on the following.