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JOHANNESBURG — The global economic crisis can be an opportunity for positive social change, Nobel Peace Prize winner Muhammad Yunus said Saturday during a speech honoring former South African President Nelson Mandela.
Yunus, who pioneered a micro- financing system for the poor, said the financial meltdown has shown that traditional ways of doing business have not worked.
“This economic crisis suddenly awakens us to the fact that this system is not working. When the system is not working, that is the best time to undo it and redo it in a new way,” he said.
Mandela, who turns 91 on July 18, did not address the audience at City Hall, an elegant colonial building in downtown Johannesburg.
