The South African womens team played to a 1-1 draw with Ethiopia in Addis Ababa on Sunday, in the second leg of the Olympic qualifier.
Russia-based Nompumelelo Nyandeni scored in the second half to give Banyana a 4-1 aggregate win, after they won the first leg 3-0 two weeks ago at the Orlando Stadium in Soweto.
"This is a proud moment for the entire country and for the SADC region as Banyana Banyana will also be representing Cosafa at the Olympics next year," Safa president Kirsten Nematandani says.
"What makes this achievement sweeter is the fact that it is Banyana Banyana's first Olympic qualification and they did it in style.
"On behalf of the entire Safa executive, I would like to say to coach Joseph Mkhonza, his technical staff and the brave Banyana Banyana soldiers that you have done your country proud and let us now prepare for the Games in earnest and show the world that South African football has really come of age.
Safa CEO Dr Robin Petersen says: "This is history in the making. We have never for once doubted that this team was destined for greater things.
"We would like to hail our heroines for flying South Africa's flag high. They have now become the first ever South African women's team to qualify for the Olympics and we are very proud of them.
"Safa will do everything in our power to ensure they get adequate preparation so they can represent us well in London next year.
"We would like to urge the public to come in numbers to give the squad a South African welcome and show them how proud we are of them." Banyana land in Johannesburg today (Monday) at 1pm. If you are there to meet them, take some photographs and share them with us on Facebook! Or Twitter!