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

Early life

Desmond Sacco was born in

Johannesburg Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demo ...

, South Africa.Bruce Cairncross
The Mineral Collection of Desmond Sacco, Johannesburg, South Africa
''

Rocks & Minerals In geology, rock (or stone) is any naturally occurring solid mass or aggregate of minerals or mineraloid matter. It is categorized by the minerals included, its chemical composition, and the way in which it is formed. Rocks form the Earth's ...

'', Volume 87, Issue 5, 2012, pp. 410-417 His father, Guido Sacco, founded the Assore Group in 1928.Jane Marais
The Billionaires are back
''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fou ...

'', December 04, 2010 He received a Bachelor of Science in Geology from the

University of South Africa The University of South Africa (UNISA), known colloquially as Unisa, is the largest university system in South Africa by enrollment. It attracts a third of all higher education students in South Africa. Through various colleges and affiliates, U ...

, where he played cricket and hockey.

Career

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

Institute of Directors The Institute of Directors (IoD) is a British professional organisation for company directors, senior business leaders and entrepreneurs. It is the UK's longest running organisation for professional leaders, having been founded in 1903 and incor ...

and the

Geological Society of South Africa The Geological Society of South Africa (GSSA) is a learned society for geological science that was founded in 1895, making it one of the oldest such societies in Africa. The GSSA publishes the peer-reviewed scientific journal, the ''South Africa ...

. Sacco was worth US$1.1 billion in 2018.

Personal life

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

References

{{DEFAULTSORT:Sacco, Desmond Living people People from Johannesburg University of South Africa alumni South African businesspeople South African billionaires South African people of Italian descent Italian South African Year of birth missing (living people) Alumni of Michaelhouse