Black Economic Empowerment, a socio-economic process launched by the South African government in 2003 in an attempt to redress the inequalities of apartheid by giving previously disadvantaged non-white groups economic opportunities which were not available to them previously. The aim is to de-racialise business ownership and substantially and equitably transfer ownership, management and control of the country’s economic resources to the black majority. The newest release of the BEE Codes of Good Practice is also known as B-BBEE (Broad-Based Black Economic Empowerment).