The City of Johannesburg and National Treasury have reached an agreement on immediate financial stabilisation measures to address the metro's severe liquidity crisis.

With less than two weeks of cash reserves remaining, Finance Minister Enoch Godongwana met with Mayor Herman Mashaba to discuss urgent interventions aimed at restoring fiscal stability.

The 'Joburg Plan' outlines steps to strengthen the city's financial position and accelerate service delivery, including addressing unfunded budget adjustments, debt management, and compliance with municipal finance laws.The collaboration follows previous engagements in May 2026, where Treasury raised concerns about Johannesburg's financial mismanagement.Key initiatives include the Inner City Rejuvenation programme and infrastructure projects to improve public services.

While details of specific interventions remain undisclosed, both parties have affirmed their commitment to ensuring the city meets parliamentary deadlines for fiscal responsibility.This partnership highlights the critical need for intergovernmental cooperation in managing municipal finances during economic uncertainty.