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 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. 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 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. "Stocks". Bloomberg.com. Retrieved 11 January 2018.
  6. "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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