I remember MWeb-SEACOM transiting in Mumbai, it made for some very interesting tracerts ;-)
Realistically, there is very little outside Europe and America that generates much traffic in SA. I also suppose that given the cost of Telkom IPC capacity, it is more cost effective for MWeb users in CT to go via SAT-3 than Jhb-SEACOM.
My guess is that MWeb has something like 1-2Gbps on SAT-3, and 5-10Gbps on SEACOM, so that if there was a failure on SEACOM (which has historically been more common), service would be very congested (better than the previous scenario anyway).
The balance would shift if MWeb got bandwidth on EASSY and WACS, but this may only happen late in 2011 or 2012. I also hope the SAT-3 (and other capcity) keeps pace with demand. MWeb usage seems to grow rapidly, with increments in capacity alternating with periods of congestion in the last 9 months.