Latest News
Formex buys three new metal presses
Formex Industries has invested R70-million in three new metal presses that will expand its operations and output. The new presses, built by Yadon Press in China, will be used to manufacture stainless steel and mild steel components for the automotive industry. The...
Toyota Hilux built in South Africa wins Dakar Rally 2019
Toyota Gazoo Racing South Africa won the 2019 Dakar Rally - the world’s toughest off-road race that took place in Peru. The winning vehicle was a South African-built Toyota Hilux driven by Nasser Al Attiyah (from Qatar) and navigated by Mathieu Baumel (from France)....
NAAMSA predicts 1% growth in new vehicle sales
The National Association of Automobile Manufacturers of South Africa (NAAMSA) predicts a marginal increase in the sale of new vehicles for 2019. The association projects a one percent growth, provided South Africa is not downgraded and the gross domestic product (GDP)...
Truck sales start with a bang in 2019
The commercial vehicle market has had a strong start in 2019. Truck sales are up by 7.3% compared to January 2018, with over 1600 commercial vehicles and lorries being sold. These statistics were released by the National Association of Automobile Manufacturers of...
What determines the value of your car?
When it comes to selling a car, everyone wants the best price possible. Offers to purchase can often differ by about five to eight thousand rands. There are numerous factors that determine the value of a car and no two vehicles are alike. You could have 10 vehicles of...
Activios technology shaping Formex staff productivity and process
Formex Industries makes use of Activios, a cutting-edge enabling platform that pulls high-performance teams together. The software helps inform, engage and empower employees, boosting productivity through transparency and accountability. Employees log on to the...
Formex injecting R70-million into operations
Formex Industries will boost its production capacity by investing R70-million in the upcoming financial year. The company is also investing heavily in job creation in the Nelson Mandela Bay area. Formex’s competitive pricing has made it a key player in the local and...
Formex attending the NAACAM Show
Formex Industries will be participating in the 2019 National Association of Automotive Component and Allied Manufacturers (NAACAM) Show. The event will take place at the Durban International Convention Centre from 12 to 14 March this year. The NAACAM Show is the...
George Old Car Show brings vintage beauty to the coast
The 23rd annual George Old Car Show rumbles into the Western Cape from 9 to 10 February 2019. The vintage car show will feature an array of classics and some of the earliest motors in the country. It will take place at PW Botha College on York Street. The focus of...
South Africa’s manufacturing output increasing
South Africa’s manufacturing output has reached its highest level since October 2016. This is a good sign that the country is slowly recovering from early-2018’s recession. Other industries showing positive growth are agriculture and retail. Statistics show that...
Government revises APDP and sets challenging targets
The South African automotive industry has been set new and challenging targets in the government’s revised Automotive Production and Development Programme (APDP). Parliament recently extended the current APDP to 2035, adding updated targets that will encourage local...
Manufacturing should be catalyst for growth
Manufacturing in South Africa should be a catalyst for the future growth of the gross domestic product (GDP) as it constitutes a significant portion of the economy. The manufacturing industry is a vital contributor of jobs, income and export sales. According to the...