Latest News
Local vehicle production growing steadily
Despite a slightly sluggish sales market in South Africa, the vehicle manufacturing industry is expected to grow by just over six percent in 2019. The National Association of Automobile Manufacturers of South Africa (NAAMSA) estimates that 648 000 new vehicles will be...
South African vehicle export rate increases by 54%
The South African economy may have suffered a downturn in the first quarter of 2019, but the vehicle export market shows considerable growth. The National Association of Automobile Manufacturers of South Africa (Naamsa) released a statement that says that vehicle...
Festival of Motoring dates announced for August
The fourth annual Festival of Motoring returns to the Kyalami Grand Prix Circuit in August. Organisers have confirmed the dates and petrolheads should mark their calendars - The Festival of Motoring will run from Thursday, 22 to Sunday, 25 August 2019. The festival...
Durban Car Terminal breaks record
Durban Car Terminal has officially broken the South African record and earned the title of the busiest car port in the country. The seaside facility successfully handled over 500 000 fully-built vehicles in the 2018/19 financial year. There are several factors that...
Africa becomes more attractive automotive trade destination
Africa is fast becoming a competitive trade and export destination, especially from a South African perspective. The opportunity for growth and business partnerships for South African automotive manufacturers are also increasing. This is good news for local businesses...
What affects your car insurance premiums?
Everyone pays a different monthly insurance premium for their vehicles. Insurance companies have advanced algorithms that determine how much a driver must pay to keep their cars insured. These algorithms use a variety of data and statistics to calculate the risks...
Formex in the news: Eastern Cape Industrial & Business
Formex was recently highlighted in the local news. The Eastern Cape Industrial & Business newspaper published a story that highlights Formex’s growth and contributions to the local automotive industry. “Armed with a R70-million investment war chest and strong...
Cooperation will drive vehicle manufacturing in Africa
There are many ways to grow the vehicle manufacturing industry in Africa. Devising solid policies and plans is one way to ensure growth, but cooperation is another key factor that will drive vehicle manufacturing on the continent. The African automotive market needs...
Volvo to limit top speed of all vehicles to 180km/h
Swedish car manufacturer, Volvo, has decided to limit the top speed of all its vehicles to 180km/h from 2020 onwards. The brand is well-known for its impeccable safety standards and this is the next step in ensuring driver and passenger safety. Formex indirectly...
Land Rover shows support of Springboks
Land Rover South Africa has released a unique, once-off Range Rover Sport SVR in support of the Springboks ahead of their 2019 Rugby World Cup campaign. The Range Rover is painted with a stunning Springbok green coat and has the Bok decals on its hind quarter panels....
Formex CEO Hennie Venter interviewed on Pretoria FM
The chief executive officer (CEO) of Formex Industries, Hennie Venter, was recently interviewed on Pretoria FM. Venter outlined the contribution that Formex has made to original equipment manufacturers (OEMs) and Tier 1 manufacturers in South Africa through the...
Why you need to replace worn tyres
One of the most important safety features of a vehicle is its tyres. They provide grip and disperse water from the road surface during downpours, so it is important to have a good tread. Worn tyres provide less traction during cornering and braking and can lead to...