Desmond Sacco

Desmond Sacco
Born Johannesburg, South Africa
Residence Johannesburg, South Africa
Nationality South African
Occupation Businessman

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

Biography

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 South Africa, where he played cricket and hockey.[2][5][6]

Career

In 1968, he 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]

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

He is worth US$1.4 billion.[2][4]

Personal life

He 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 Forbes
  3. ↑ Two maestros of manganese, Mining Weekly, April 7, 2000
  4. 1 2 Jane Marais, The Billionaires are back, The Times, December 04, 2010
  5. 1 2 3 Bloomberg BusinessWeek
  6. 1 2 3 4 Assore Board of Directors
  7. ↑ Assmang Board of Directors
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