Oh please.

Not like everyone else in this country who isn't a Telkom Shareholder hasn't added their 2 cents to the fray already.
Economic Development? Note the Major Shareholders in Telkom below and their Dividend Payouts come the 9th of July next month.
1. RSA Government - 38.80% | R2.28 Billion
2. The Public Investment Commissioner - 16.20% | R0.95Billion
3. Elephant Consortium - 5.70% | R0.33Billion
4. Unknown - 39.3% | R2.30Billion
Total Dividend Payout R5.86Billion give or take.
That money could be circulating within the economy now instead of Shareholders pockets, perhaps helping the country achieve that illusive 6% growth figure that The Government desires.
By the time ADSL comes of age in South Africa, as in proper decent broadband, Wimax and the next generation of Broadband offerings will be looking more attractive and they won't need to Nationalise The SAT3 Cable nor Unbundle the Local Loop.
All that potential wasted for profit.