# TymeBank says international and local factors are creating both risks and opportunities for South African Small and Medium Enterprises. Speaking to Engineering News, Business Banking executive Miguel da Silva warned that the incoming 30-percent US import tariffs on 180-billion-rand in exports could severely harm SME growth. In addition, da Silva welcomed China’s move to scrap tariffs on imports from 53 African countries which offers relief. He says an interest rate cut and positive Purchasing Managers Index data provide hope, though support for SMEs remains limited.
TymeBank highlights mixed outlook for South African SMEs