Hughes co-founded MoreCorp, South Africa's largest golf-equipment retailer, in 1976.
Old Mutual Private Equity recently bought 70% of MoreCorp for R300 million.
MoreCorp owns The Pro Shop, World of Golf and Playmoregolf.
Scroll down for quotes from the audio below.
I didn’t want to be the old guy saying ‘no’ to every new idea!— Rhys Hughes
We set our prices against those in America.— Rhys Hughes
Our prices are almost the same as in 2007.— Rhys Hughes
We started in a tiny store in Commissioner Street.— Rhys Hughes
People want to speak to a salesperson. They want to touch and feel the product.— Rhys Hughes
We started out wanting to sell one set of golf clubs per day!— Rhys Hughes
Our customers have a lot of disposable income. Your stores need to be rich. You need to give those people the experience they’re looking for.— Rhys Hughes
The biggest issue today is time. People are time poor.— Rhys Hughes
The investors won’t change the business. They leave the nuts and bolts to us.— Rhys Hughes
Recommendedby NEWSROOM AI
South African Revenue Services' Mark Kingon has the most dreadfully important job. Bruce Whitfield interviews him...
Bruce Whitfield interviews Frans Cronje, cofounder of DataProphet, a firm specialising in tailor-made machine learning algorithms.
[Strong language warning] Jordan Belfort, played by Leonardo DiCaprio, opens up about his sordid past and inspirational new life.
The Money Show’s Bruce Whitfield interviews Maree, Chairperson at Liberty Holdings (and former CEO of Standard Bank).
The concept is not new, or a hipster fad. The Money Show’s Bruce Whitfield interviews Nude Foods founder Paul Rubin.
Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.
The annual MTN Walk the Talk with 702 takes place on 22 July this year, under the theme 'Walking for South Africa'.
‘It took approximately 4 – 5 months because I had to make some stops on the way for repairs.' - Julia Albu, the African Conquest
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Journalists Sikhonathi Mantshantsha and Kyle Cowan discuss just how the Guptas and their associates helped capture Eskom.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
Clinical sexologist Dr Eve shares insights into sexual fetishes and how partners negotiate them in their bedroom and relationship.
Join Joburgers from all walks of life come together peacefully, united in their diversity for a fun family day out.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?