DURBAN - The eThekwini Municipality is promising the development of a new mall won't mean the death of the informal sector.
The Midway Crossing Shopping Mall is worth over R80-million and the municipality has promised 35 percent will be owned by black businesses.
Five percent will be owned by a community trust made up of women, disabled people, youths and military veterans.
"We have invested about R360-million in this project which also includes and entails the development of public transport facility that will form part of the integration," said eThekwini mayor Mxolisi Kaunda.
Midway Crossing developer Carlos Correa explained how the public-private sector partnership will benefit the community.
"Not only do they benefit from the work that is currently being done, but our view is also that they should benefit from the ownership point of view as well.
"There are also business opportunities, so they get first preference when looking at a business they would like to open in the shopping centre."
Many beneficiaries are excited about prospective opportunities.
As shareholders, the communities will also receive rental income once the mall opens and the municipality says kiosks will be provided for those working in the informal sector.