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Anthony Sabga has died

 
sgtdjones 2017-05-03 11:05:38 

Dr Anthony Norman Sabga, chairman Emeritus of the ANSA McAL Group of Companies, and one of Trinidad and Tobago's most recognised businessman has died at the age of 94.

His son, Norman A Sabga group chairman and chief executive, stated that his father's concern was always the welfare of his ANSA family.

“We will always remember him as a devoted family man, a colleague, a leader, a visionary and one of the greatest entrepreneurs in the twentieth century. Some of you would have interacted with him in various ways, whilst others would have known him through his legendary business acumen. His family, all of us, will remember him as straightforward, a sincere and passionate leader, devoted friend and mentor to those who needed his assistance,” he stated in a release.

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sgtdjones 2017-05-03 11:08:37 

Came to Trinidad with pennies from Syria.

Walked from village to village selling products

Then you built a Multi-Billion Empire

A Trini to the end by your generosity to the unfortunate and poor.

RIP.

 
sgtdjones 2017-05-03 23:37:51 

More recently, Sabga also turned his attention to his legacy, ensuring substantial donations were made to The University of the West Indies, funding the ANSA McAL Psychological Research Centre. The schools of entrepreneurship and media studies are also in the process of being built. Among his greatest achievements was the establishment of the Anthony N Sabga Caribbean Awards for Excellence.

Established in 2005, the ANSA Caribbean Awards are the only regional privately funded recognition programme of its kind. It seeks out and rewards scientists, artists, entrepreneurs, and those who perform public and civic works. So far, it has awarded 31 scientists, environmentalists, musicians, writers and activists.

 
sgtdjones 2017-05-03 23:40:41 

PM, pay tribute to Sabga


His legacy will live on


Prime Minister Dr Keith Rowley has extended condolences to the family of Dr Anthony Norman Sabga, who passed away yesterday morning at the age of 94 with family at his bedside.

Reflecting on Sabga’s successful career as an entrepreneur and businessman in a release yesterday afternoon, the Prime Minister noted that “Anthony is an example to all of us, of the heights that can be achieved through determination, foresight and an unwavering pursuit of excellence.

“His achievements as one of our country’s top businessmen are complemented by his desire to give back to his adopted country, as evidenced by his establishment of the ANSA McAL Foundation and the Caribbean Awards for Excellence.

 
sgtdjones 2017-05-03 23:41:00 

Also in a release yesterday, Opposition Leader Kamla Persad-Bissessar said the vision, determination and sagacity of Sabga will continue to inspire generations to come.

“I was greatly saddened to learn of the passing of Dr Anthony Norman Sabga, ORTT, founder and Chairman Emeritus of the ANSA McAL Group of Companies,” Persad-Bissessar said.

“Dr Sabga’s life story is truly inspiring, as he came from humble beginnings and meticulously built a business empire over the course of several decades, becoming one of the most successful entrepreneurs in the Caribbean.

“I recall a statement he made, which aptly reflects his approach: “Honesty, integrity and determination to succeed – these values have served me very well. I was never afraid to make any decision, whether right or wrong. Very often, however, a decision is made and it has to be shaped into success. So the determination to succeed is a key factor.”

 
sgtdjones 2017-05-03 23:42:53 

T&T Chamber saddened by Sabga’s loss


Businessman extraordinaire



The T&T Chamber of Industry and Commerce has expressed its sadness over the passing of Dr Anthony N Sabga, Chairman Emeritus of the ANSA McAL Group.

In a release yesterday, T&T’s leading business chamber said it was deeply saddened to learn of the passing of Sabga, businessman extraordinaire and patriarch of the Sabga family of T&T.

The chamber pointed out that he was born in Syria in 1923 and arrived in Trinidad with his family in 1930. At just 14 years of age, he joined the family business on Queen Street, Port-of-Spain, marking the beginning of his long and stellar career.

Known for his sharp mind and business acumen, the chamber said Sabga played a pivotal role in several areas of national life.

“His entrepreneurial ventures encompassed manufacturing, retail, agro-processing and more. He founded ANSA Industries in the immediate post-Independence era, working at that time with licensing arrangements from large international corporations to manufacture stoves, refrigerators and other electrical appliances. These were exported to other islands in the years before CARICOM was established.”

 
DAVE400 2017-05-04 10:48:13 

In reply to sgtdjones

Allyih does really believe them work hard and become billionaire stories?

Yuh need money to make money. True artists and talented sports people excepted...

Rags ti riches is a myth to keep the oppressed from revolting...industrially speaking.

 
sgtdjones 2017-05-04 15:58:56 

In reply to DAVE400

You should read a bit about this individual before making such comments.

Sabga’s lifelong enduring lesson: Never give up


After reading did you see a myth?

I know the family, went to school with his grandsons.

 
bravos 2017-05-05 00:31:52 

In reply to DAVE400

The Yayo ?

Just asking...

 
bravos 2017-05-05 00:35:04 

In reply to sgtdjones

However he did it,he has to be a great businessman anyway to end up with that kinda multinational conglomerate.

Even the Pablo,ElChapo,the Corleones and Scar-face couldn't achieve that! Just in case..lol

 
sgtdjones 2017-05-05 09:06:56 

In reply to bravos

When Sabga took over the McAL Group of Companies (which owned the T&T Guardian newspaper) in December 1986, the share price was $1. From 1987 to 2016, the share price climbed from 87 cents to $66.50, even after a stock split in the 90s, and profit went from $28 million to $1.16 billion.




I am aware that he borrowed half dat 30 million in 1986. If he failed he was destroyed.

Look at that time, McEnearney Alstons Group had some of the best people running it, went into receivership.

I had a few conversations with that man and shared a few sandwiches with him and his grandsons.

Dave lived in the Cayman islands for a few years, it's full of crooks that's the rational for his thinking.