Desmond Sacco

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Desmond Sacco
Born
Johannesburg, South Africa
NationalitySouth African
OccupationBusinessman

Desmond Sacco is a South African businessman. He serves as Chairman and Managing Director of Assore Limited (JSE : ASR).

Contents

Early life

Desmond Sacco was born in Johannesburg, South Africa. [1] His father, Guido Sacco, founded the Assore Group in 1928. [1] [2] [3] [4] He received a Bachelor of Science in Geology from the University of the Witwatersrand, where he played cricket and hockey. [2] [5] [6]

Career

In 1968, Sacco joined the Assore Group, a public company traded on the Johannesburg Stock Exchange founded by his father four decades earlier. [2] [6] He was appointed to its board of directors in 1974, and has served as its Chairman and Managing Director since 1992. [2] [6] He also serves as Chairman of Assmang Limited. [5] [7]

Sacco is a fellow of the Institute of Directors and the Geological Society of South Africa. [5] [6]

Sacco was worth US$1.1 billion in 2018. [2]

Personal life

Sacco resides in his hometown of Johannesburg. [2] He is married, and has two children. [2]

References

  1. 1 2 Bruce Cairncross, The Mineral Collection of Desmond Sacco, Johannesburg, South Africa, Rocks & Minerals , Volume 87, Issue 5, 2012, pp. 410-417
  2. 1 2 3 4 5 6 7 "Desmond Sacco". Forbes. Retrieved 11 January 2018.
  3. ↑ Two maestros of manganese, Mining Weekly , April 7, 2000
  4. ↑ Jane Marais, The Billionaires are back, The Times , December 04, 2010
  5. 1 2 3 "Stocks". Bloomberg.com. Retrieved 11 January 2018.
  6. 1 2 3 4 "Board of directors | Assore". www.assore.com. Retrieved 11 January 2018.
  7. ↑ "Assmang Board of Directors". Archived from the original on 7 May 2014. Retrieved 23 April 2014.
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