Assessing the Challenges and Implications of Corporate and Social Entrepreneurship for Sustainable Development Goals in South Africa: A systematic literature review

Abstract

Corporate and social entrepreneurship (CSE) are crucial in driving sustainable development in South Africa, addressing key issues such as poverty, inequality, and environmental degradation. Understanding the challenges and implications of these entrepreneurship forms is vital for achieving Sustainable Development Goals (SDGs). This study employs a systematic literature review, adhering to the PRISMA guidelines, to examine these dynamics. A comprehensive search of Scopus, Web of Science, ScienceDirect, and EBSCOhost databases ranging from 2018-2024, identified key challenges facing entrepreneurs, including regulatory and institutional barriers, financial constraints, and human capital deficiencies. The findings corroborate the critical role of CSE in fostering sustainable development through job creation, economic empowerment, environmental sustainability, and inclusive economic growth. However, progress is significantly hindered by a complex regulatory environment, limited funding access, and inadequate entrepreneurial skills. The study underscores the necessity of simplifying regulatory frameworks, increasing financial support, investing in human capital, and fostering multi-stakeholder collaborations to create a supportive entrepreneurial ecosystem. Recommendations include regulatory reforms, enhanced financial access, targeted education and training, and promoting sustainable business practices. By addressing these challenges CSE can significantly contribute to the SDGs in South Africa, fostering a more inclusive and sustainable society. This review provides insights for policymakers, practitioners, and stakeholders on strategies to enhance entrepreneurship's contribution to SDGs.