Agree. First mover advantage is needed here though. Seems like all these tertiary institutes are providing some form of online presence is dribs and drabs. They are dipping their toes in and waiting to see who moves first. 

To date, I haven't been able to find one South African tertiary institute that offers a fully accredited post or undergraduate qualification online. They tend to offer the "token"  online short courses.

I can 't think of one good reason why post graduate qualifications by research can't be offered completely online already. Sure, for qualifications where hands-on practical experience is needed we revert back to the bricks and mortar approach - but only when practicals are really needed - when there is theory involved, switch back to online avenues. 

The values in a 3 or 4 year degree is steadily declining - especially in the tech space. There is a concept of a micromasters and nanodegrees that MooC's offer. That seems more appealing in a fast paced world.