Alternative scenarios for tertiary funding in South Africa are set out in a completely separate report from the Davis Tax Committee drawing from work done by the higher education department.
Australia has the third most expensive education system in the OECD, but we might not be getting what we pay for.
The fact that a university has a surplus doesn't mean it has a profit to be either reinvested or returned to shareholders. Grants, for example, should be spent on the projects they're intended for.
Students from South Africa's public school system battle to cope with the rigorous demands of any university degree without genuine, committed support.