Caribbean Business Titan, Anthony Norman Sabga, Passes Away at 79

Caribbean Business Titan, Anthony Norman Sabga, Passes Away at 79

More than five decades ago when Dr Anthony Norman Sabga became Trinidad and Tobago’s first entrepreneur to launch a local manufacturing enterprise called ANSA Industries in 1966, he meant business.

Fast-forward to 2017 and he can be deservingly called the Titan of Port of Spain.

At the age of 94, the renowned businessman and philanthropist passed away yesterday.

Sabga had a long and distinguished career at home and in the wider Caribbean.

According to information provided by the Ansa McAl Group, the Syrian-born Sabga migrated to the twin-island republic in 1930 and stepped in the world of business with his father NS Sabga and Sons.

After he successfully built ANSA Industries, which made refrigerators, televisions and other household items from scratch, he pursued interests in the garment industry and real estate development, creating the well-known Regents Park.

The ambitious, relentless businessman then went on to acquire the troubled McEnearney Alstons Group in 1986 and transformed the 28-company group into a regional wide conglomerate.

“He tripled the number of companies to over 70 in 2017, commanding pro­fits that grew fortyfold over that period, and providing a share value that grew by 15,000 per cent,” Ansa said in its statement.

Scores in Trinidad and Tobago have been reflecting on the legacy of the business mogul.

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SOURCE: Caribbean360