South Africa’s National Treasury has announced its intention to carry out a three-year intervention aimed at stabilizing the City of Johannesburg’s finances. According to Finance Minister Enoch Godongwana, the plan would proceed regardless of which administration takes charge of the city after the November municipal elections. Treasury is working with the Development Bank of Southern Africa (DBSA) and other institutions to implement the turnaround plan. Johannesburg, South Africa’s largest city, is responsible for roughly 15% of the country’s economic output. However, it has struggled with political instability, mismanagement, and an inability to pay bills or deliver basic services reliably in recent years. The city is currently governed by an ANC-led coalition, though some polls suggest the balance of power could shift after the vote. The intervention follows previous unsuccessful attempts by the national government to repair the city’s finances.