Katlego Monareng was killed in August at the Soshanguve North campus during protests over the alleged rigging of SRC elections.
The two officers were arrested on Monday in connection with the crime.
Outgoing SRC President Katlego Makgobole says they're disappointed that bail was granted.
“We thought that they were not going to be granted bail because they’ve got the power to influence the investigative processes of the case, so we are very disappointed with what has happened today. We had thought that they were going to remain in custody in fact.”
The next court appearance is on 25 January next year.
Earlier, students from organisations, including the South African Students Congress and the Pan Africanist Congress of Azania, were singing and dancing outside the court.
Students have been there since 8 am on Tuesday morning, calling for the police service to be held accountable for the death of Monareng.
Police officers are also stationed outside the courtroom to maintain order.
Makgobole says: “We were there when this thing happened, we saw police officials shooting down comrade Katlego and we’re not here to negotiate, we’re here to demand that the court rules they be sent to jail.”
Students say the arrests of the officers is long overdue and they want justice to take its course
 student Katlego Monareng have been released on R2,000 bail each.){kind=link}