Yeah that is definately not right. I'm further away from Cape Town than you.
Which method or site did you use to test?
with pingtest,net, mine shows 21ms.
With MyBBspeedtest its shows 60ms, but I think it might go to Rosebank
With SAIX.net it is 37ms and 54ms to Rose Bank
Maybe Ranger can give feedback for you?
This is my result from Kirkwood on 4Mbps line
Happy to say everything is back to normal today

I think I was being shaped or throttled. I did phone Telkom Internet support and they said after 125Gb that I was going to be severely throttled? Maybe they took a while to reset for the new month?..
Just happy to report all is back to normal.
Here is my traceroute:
Microsoft Windows [Version 6.1.7601]
Copyright (c) 2009 Microsoft Corporation. All rights reserved.
C:\Users\>tracert capetown.spdtst.saix.net
Tracing route to wbs-ip-dlr-1-1.telkom-ipnet.co.za
over a maximum of 30 hops:
1 <1 ms <1 ms <1 ms Billion.400G [10.0.0.2]
2 9 ms 8 ms 8 ms 224-4-1.dsl.subscriber.telkomsa.net [105.224.
3 33 ms 32 ms 32 ms 226-0-6.dsl.subscriber.telkomsa.net [105.226.
4 33 ms 32 ms 32 ms 226-0-13.dsl.subscriber.telkomsa.net [105.226.0.
5 26 ms 26 ms 25 ms wblv-ip-hsll-1-wan.telkom-ipnet.co.za [196.25.
6 26 ms 26 ms 26 ms 196.43.52.62
7 33 ms 33 ms 33 ms wbs-ip-cat-1-fwsm-speedtest.telkom-ipnet.co.za
8 34 ms 34 ms 34 ms wbs-ip-dlr-1-1.telkom-ipnet.co.za [196.25.37.14]
Trace complete.