Mfuze Group Consulting

Mfuze Group Consulting Chartered Accountants and Financial Advisors For Personal Brands,Individuals And All Size Business Organizations .

From Annual Financial Statements,Tax Returns, Monthly Bookkeeping,CIPC Company Registrations and more...

11/03/2025

Bad news for renters in South Africa

The average rent paid in South Africa has hit record highs, which has pushed tenants into tighter rental brackets, putting pressure on tenant finances and deposits when coupled with high interest rates and inflation.

This trend was highlighted in PayProp’s latest Rental Index Report for the fourth quarter of 2024, which showed that the average rent now exceeds R9,000 for the first time, reaching R9,051.

This marks a 5.2% year-on-year increase, with rents rising by R453 compared to a year earlier and R195 above the previous quarter.

PayProp said stronger rental growth throughout 2024 has pushed more tenants into higher price brackets.

Although the largest group of tenants still pays between R5,000 and R7,500 per month, their share has decreased from 31.2% in Q4 2023 to 28.9% in Q4 2024.

At the same time, all higher rental price brackets have expanded. Over half (51.4%) of tenants now pay R7,500 or more in rent, up from 47.6% a year earlier.

Amid this rental growth, the Eastern Cape stands out as the most affordable province for tenants.

According to PayProp, 11.1% of properties in the Eastern Cape rent for between R1,000 and R2,500, and 21.6% are priced between R2,500 and R5,000.

This is significantly higher than the national averages of 2.8% and 14.9%, respectively. However, even in the Eastern Cape, the availability of properties priced below R7,500 has declined over the past year.

The Free State also offers some relief for budget-conscious tenants. It was the only province to see an increase in properties within the R2,500 to R5,000 bracket in Q4 2024 compared to a year earlier.

However, as in other regions, the proportion of properties in the R5,000 to R7,500 range has decreased while the more expensive brackets have grown.

Gauteng, which is similar to the national rental distribution, has also seen a shift toward higher rent prices as all the more expensive categories grew.




Understanding PayrollPayroll is the process of paying a company's employees. It includes tracking hours worked, calculat...
08/03/2025

Understanding Payroll

Payroll is the process of paying a company's employees. It includes tracking hours worked, calculating employees' pay, and distributing payments via direct deposit to employee bank accounts or by check. Companies must also perform accounting functions to record payroll, taxes withheld, bonuses, overtime pay, sick time, and vacation pay. They must put aside and record the amount to be paid to the government for Medicare, Social Security, and unemployment taxes.




7 Techniques To Manage Your Money Wisely ...1.Make a planHaving a financial plan is about more than figuring out how muc...
06/03/2025

7 Techniques To Manage Your Money Wisely ...

1.Make a plan

Having a financial plan is about more than figuring out how much of your paycheck is left after the bills are paid. Your plan starts with thinking about what you really want to do. What goals do you have? Do you want to travel? Buy a house? Own a business? Being successful, whatever that means to you, starts with having a clear idea of where you want to go and then planning to get there. Creating a budget is a key part of any financial plan and will help you achieve your goals and stay focused. If necessary, look for resources that provide budgeting or other money management tips.

2.Save for the short term

Don’t put yourself in a situation where you have to rely on credit for unexpected expenses. One of your top priorities should be building up your emergency savings. As a guide, experts recommend saving at least three to six months’ worth of living expenses. If you are planning any larger financial purchases like a home or car, consider setting up a separate saving account for those. Big-ticket items like a Disney vacation are much more enjoyable if the whole thing is already paid for and you aren’t racking up credit card debt.
3.Invest for long term
Saving for retirement should be another top priority. When investing long-term, you’ll want to consider putting your money in something other than a standard savings account that has tax benefits. The most popular accounts that can allow your money to grow tax-free until you are older (hint: age of withdrawal without penalty is 59.5) are Retirement Annuity and Individual Retirement Accounts (IRAs). You may want to get financial tips and guidance from a professional advisor. You’ll also want to start saving as much as you can as early as you can to maximize the compound interest you can make, which is basically interest you’ve made on the amount you’ve invested also earning interest.

4.Use credit wisely

Using credit responsibly is an important part of a sound financial plan because your credit score impacts your ability to make almost any big financial purchases. Be sure to pay your bills on time, every time, and try to keep your balance well below the limit of the card. Pay attention to the ratio of how much debt you currently just how much you can borrow. This number should stay below 30 percent, or it can negatively impact your credit score.


5.Choose a reasonable rent or mortgage payment

Housing costs are generally the most significant part of everyone's budget, as well as a major emotional investment. The search for the "perfect" home can easily extend your budget beyond what's comfortable. When setting a housing budget, be sure to include all fixed costs and consider what amount you really want to pay. Keep in mind if you are buying a home that just because a lender approves you for a certain home loan amount does not mean that amount is ideal for your budget. The lender is looking out for their best interests — not yours. You may also want to make a list of features you "need to have" and ones that are "nice to have" so that when decision time comes, you can make a thoughtful and financially sound decision. Being realistic about what you want and what you can afford upfront can save a lot of financial stress later.

6.Reward yourself

One of the biggest mistakes people make when getting their finances in order is becoming too strict. If we constantly deny ourselves the things, we love the most, we will eventually cave in to the pressure and make mistakes. Studies have shown that willpower is a limited resource — you can only resist so many temptations before you will give in. If you were dieting and decided you would never again eat your favorite cookies, you’d probably last all a few days before you broke down and gorged on two entire boxes. This applies not only to temptations of food but also financial temptations as well. When considering how to manage money, the savviest financial minds will tell you that you have to make room for indulgence in the budget to stay on track. Set yourself up for success. Add in a date night or a vacation here and there. Reward yourself when you hit a savings goal with a night out or a movie.

7.Don't stop learning

(The more you learn ,the more you earn )
The world of finance is complicated, but money is a necessary part of life. You don't have to understand everything, but in order to stay financially secure, you need to keep learning about tools and resources you can take advantage of to make what you have worked hard for you. Take stock of what you already understand; then build on that with books, classes, or savings advice from a professional. Before you know it, you’ll be sharing your expertise on how to manage money effectively with friends and family.




Reviewing Your Business Finances Regularly Allows You To Monitor And Check For Areas Of Improvement . As a business o...
04/03/2025

Reviewing Your Business Finances Regularly Allows You To Monitor And Check For Areas Of Improvement .
As a business owner ,your responsibilities can be overwhelming,but it really doesn't have to be .

Delegate your accounting responsibilities to our qualified consultants for better financial management and have more time to focus on the business growth !!
From Payroll, bookkeeping ,tax needs etc




Why do you need a Professional Bookkeeper ❓❓Certain responsibilities work better when delegated ,having a professional b...
25/02/2025

Why do you need a Professional Bookkeeper ❓❓

Certain responsibilities work better when delegated ,having a professional bookkeeper allows the business and business owner to :
🌳 Reduce Costly Mistakes
🌳Have Compliance Support
🌳Get Professional Financial Guidance
🌳Maximize Focus On Business Growth
🌳Have Informed Data To Make Better Business Decisions
🌳Have Complete Efficiency On Other Factors Of Operations Without Having To Stress About Financial Management
🌳Save Money & Time

Get in touch with us for consultation and a review of your business.
📞076 810 7321
Whatsapp/ Call




23/02/2025

Most Valuable tech companies as of
18 February 2025 :

1.Apple - $3.6T
2.Nvidia - $3.57T
3.Microsoft - $3.08T
4.Amazon - $2.18T
5.Alphabet (Google) - $2.17T
6.Meta(Facebook) - $1.44T
7.TSMC - $1T
8.Tesla - $962B
9.Broadcom - $616B
10.ASML- $385B

Staying Complaint with SARS regulations is essential.Accurate and timely submissions will help ensure a smooth filling p...
21/02/2025

Staying Complaint with SARS regulations is essential.Accurate and timely submissions will help ensure a smooth filling process and peace of mind ,knowing your income tax affairs are in order.

Reach out to our experts to ensure smooth filling process.

📞 076 810 7321
Call / Whatsapp

South Africa’s 2025 Budget may have been postponed, but leaked documents reveal the state’s plans for a plethora of prop...
20/02/2025

South Africa’s 2025 Budget may have been postponed, but leaked documents reveal the state’s plans for a plethora of proposed tax and other spending changes.

In an unprecedented move, the 2025 National Budget was cancelled minutes after it was supposed to be tabled.

Notice of the cancellation came after the Government of National Unity (GNU) members could not agree on the proposed tax changes, particularly the increase in value-added tax (VAT) from 15% to 17%.

Finance Minister Enoch Godongwana announced that the National Budget will now be presented on 12 March 2025.




Financial Management is a crucial factor in your well being. Get professional advise from one of our consultants that ...
18/02/2025

Financial Management is a crucial factor in your well being.

Get professional advise from one of our consultants that will guide you through every procedure of ensuring a healthy financial life .

Professional Accounting Sevices for Individuals and Business Organizations .*Annaul Financial Statements *Monthly Bookk...
16/02/2025

Professional Accounting Sevices for Individuals and Business Organizations .

*Annaul Financial Statements
*Monthly Bookkeeping
*Management Accounts
*Company And Individual Pay Slips
*CIPC Company Registration,Beneficial Ownership And Annual Returns
*Tax Clearance
*VAT AND PAYE submissions

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Randburg

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