Desmond Sacco

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

Desmond Sacco
Born
Johannesburg, South Africa
NationalitySouth African
OccupationBusinessman

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, 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 is worth US$1.15 billion.[2]

Personal life

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

References
  1. Bruce Cairncross, The Mineral Collection of Desmond Sacco, Johannesburg, South Africa, Rocks & Minerals, Volume 87, Issue 5, 2012, pp. 410-417
  2. "Desmond Sacco". Forbes. Retrieved 2018-01-11.
  3. Two maestros of manganese, Mining Weekly, April 7, 2000
  4. Jane Marais, The Billionaires are back, The Times, December 04, 2010
  5. "Stocks". Bloomberg.com. Retrieved 2018-01-11.
  6. "Board of directors | Assore". www.assore.com. Retrieved 2018-01-11.
  7. "Assmang Board of Directors". Archived from the original on 2014-05-07. Retrieved 2014-04-23.
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