Do any of you read the other articles which state the that the cheaper Seacom pricing is only if you buy bandwith from them for 20 years and that comparatively they are priced the same as the SAT3 cable which includes redundancy . Stop looking for unicorns.
The reason that SAT3's bandwidth prices dropped were BECAUSE of SEACOM, not in spite of it. The 20 year contract makes sense, because you are essentially buying part of the cable which is infrastructure cost. The second thing to bear in mind is that SEACOM is an open access network - whereas Telkom controls SAT3/SAFE bandwidth at the choke-points - which really means that benefits from SEACOM can filter through a lot easier and faster to the general public - look for example how DFA surprised everybody with the TENET connection.
Besides - the biggest benefit of SEACOM is not the bandwidth from South Africa to Europe - but bandwidth from the African east coast to SA and Europe. With telecoms coming from such a low base in Africa, the single cable will have massive impact on telecommunications cost - which will translate to better African economy and the benefits will be felt in South Africa.
Thirdly - redundancy. Suddenly our dependency on cable systems controlled by a single entity has disappeared. SEACOM might not redundant for SA - but it is redundant for East African country - they can route directly to Europe, or the can route via South Africa.
And lastly - do not underestimate the connection to India.