Nobel Peace Prize goes to Professor Muhammad Yunus and Grameen Bank

On 13 October 2006 the Nobel committee announced that the prestigious Nobel Peace Prize had been awarded to Professor Muhammad Yunus and Grameen Bank. This is in recognition of "their efforts to create economic and social justice from below".

We heartily congratulate Professor Yunus and Grameen Bank on this award. SEF has been constantly inspired by the work of the Grameen Bank and with the philosophy and principles of Muhammad Yunus. SEF is very much built on these principles and has shown that the "Grameen" approach works exceptionally well with the very poor in rural South Africa - empowering very poor women and enabling them to transform the lives of their families.

This is a very fitting award for work that has changed the lives of so many millions, including many tens of thousands here in South Africa. In many ways this award is as much a recognition of the poor and their struggles to support their own families and to create a decent world as it is recognition of a man who has dedicated his life to their cause.

We applaud the Nobel committee for recognising this mission.

Congratulations Professor Yunus and Grameen Bank, we salute you and thank you!