South Africa is currently enjoying a terms of trade boon, with export prices outpacing import prices, market research firm Intellidex director and capital markets research head Peter Attard Montalto said on May 25. “It’s an unusual situation, driven by metals prices and helped by the fact that South Africa is a net exporter of food at the moment. We’re seeing that, even though we have very high oil prices boosting the import basket, the export side is more than offset,” he said.