Globally, the classification and ratings of universities are based mainly on an institution's research productivity. South Africa, especially in the last decade, has experienced an increasing skills shortage, making the need for new and appropriately qualified graduates a priority for the nation. A review in 1991 by Pouris examined the trends in the output of science and arts graduates at South African universities during 1984-88. His conclusion was that South Africa had no 'technological' or 'general' universities. The study reported here follows the same methods, but covers the period 2000-06. Conclusions are similar to before, even though the government's declared policy has been to produce more graduates in the sciences. We examine the policy implications of the current funding formula for universities and propose how the Department of Education could augment graduate numbers in the way desired. A key recommendation is revising the funding formulae and introducing weightings that give preferential support to the disciplines to be prioritized.