International Research Journal of Business Studies
Vol. 18 No. 3 (2025): December 2025 - March 2026

Opportunities and Challenges Facing Social Entrepreneurship in BRICS+ Countries

Bangura, Samuel (Unknown)
Duma, Princess Thulile (Unknown)
Mthembu, Ntombifuthi Alexia (Unknown)



Article Info

Publish Date
12 Dec 2025

Abstract

This study examined social entrepreneurship in the expanded BRICS+ countries, where rapid growth coexisted with persistent inequality, unemployment, and regulatory barriers. A systematic review of peer-reviewed literature was conducted to consolidate fragmented findings and to assess ecosystem maturity across member states. The study proposed a triangular framework connecting government, market, and community actors to support sustainable social impact. The review found that funding shortages and bureaucratic complexity remained major obstacles, while innovation, job creation, and hybrid organisational models created significant opportunities. Social ventures were found to contribute to poverty reduction and held potential to generate substantial economic value in comparable contexts. The study concluded that supportive policies were needed, including streamlined digital regulation, legal recognition of hybrid enterprises, expansion of impact investment, integration of social entrepreneurship into education, and cross-BRICS+ pilot programs led by more advanced ecosystems to enhance knowledge sharing and strengthen inclusive and sustainable development.

Copyrights © 2025






Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to ...