Latest News
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...
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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...
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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...
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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...
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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...
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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...
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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....
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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...
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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...
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South Africa’s most searched-for vehicles in 2019
Internet searches for vehicles can be a great indication of a brand’s popularity and future performance in the market. The more people searching for a car online, the more interest there is in that model. The number of internet searches is directly related to the...
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Ford increases exports to meet growing demands
Ford Motor Company of Southern Africa is expanding its vehicle exports in order to meet the growing demand from European markets. Ford will adopt a new multi-port strategy in its effort to increase the number of South African-built Fords to Europe - shipping vehicles...
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Policy certainty is key to Africa’s auto manufacturing industry
The key to growing Africa’s automotive industry and its industrial footprint lies in policy certainty. This is according to the chairperson of the African Association of Automotive Manufacturers (AAAM) and Volkswagen Group South Africa (VWSA) managing director, Thomas...
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