They will probably not be landing the Seacom cable here anyway, so it doesn't really matter, does it?
UP is still giving students 200Mb per year on a connection that is, on bad days, slower than dial-up (Not kidding). So it's good news.
I think the universities are using internet access to subsidize other parts of the IT department. e.g. Cap beyond the 200Mb has to be bought at R1.00/Meg! And the get it for what? Maybe R0.10 if they are unlucky.
That would be for uncapped, I had a 3GB cap in mind...