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South Africa implemented the National Plan for Higher Education (NPHE) in 2003 as a strategy to address the systemic exclusion and consequent underrepresentation of non-Whites caused by apartheid in the sector. I address shortcomings of research about the impact of NPHE on the country’s graduate profile by implementing a multilevel comparative interrupted time series quasi-experimental design on nationally representative household survey data from 1994 through 2019. Findings show that while NPHE facilitated a nominal increase in non-White graduates, the nationwide share of graduates among this racial group remain lower. I conclude by discussing the implications of these findings on the debate around the impact of NPHE and the relevance of this case to ongoing global calls for equity.