Semenya, 18, underwent gender verification tests in South Africa and Germany after winning the women's 800 metres at the Berlin world championships last August. A panel of experts convened by the IAAF has been studying the results.
In an interview with Reuters, Davies said it had also yet to be decided under what circumstances the 18-year-old would be allowed to compete as a woman.
South Africa's sports ministry said in a statement on Thursday that the IAAF had agreed to allow Semenya to retain her gold medal and prize money.
(Published 20 November 2009, 16:52 IST)