The Confederation of African Football (Caf) will make the decision on Saturday when it meets in DR Congo.
The meeting coincides with the African Super Cup between Champions League winners TP Mazembe and the holders of the Confederation Cup, FUS Rabat.
Both South Africa and Morocco have made it clear that they would prefer to host the 2015 tournament.
South African Football Association (Safa) president Kirsten Nematandani stated the country wanted to "sustain some of the momentum from hosting the [2010] World Cup".
Morocco said that it wanted to host the Nations Cup sooner rather than later to help the country's football move towards professionalism.
The 2012 Nations Cup will be co-hosted by Equatorial Guinea and Gabon, who will be followed by Libya in 2013 after Caf decided to switch the event from even to odd years.
Story from BBC SPORT
Morocco said that it wanted to host the Nations Cup sooner rather than later to help the country's football move towards professionalism.
The 2012 Nations Cup will be co-hosted by Equatorial Guinea and Gabon, who will be followed by Libya in 2013 after Caf decided to switch the event from even to odd years.
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