Latest News
Tips to lower fuel consumption
South Africa has undergone some significant changes in the past year. This, paired with the uncertainty around the outcome of the national elections in May 2019, has created some fluctuations in the prices of fuel. The fuel prices jump regularly, so the best way to...
read more
Buying cars: is leasing better than financing?
The vehicle market is highly competitive in South Africa. The affordability of a pre-owned car makes them a popular choice for many new buyers, however, brand new cars have the advantage of reliability and manufacturers guarantees. Formex produces quality parts for...
read more
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...
read more
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)....
read more
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)...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more