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
Mkhwanazi – son of an entrepreneur – founded a web design firm (Csonke.com) with R2000 when he was 17 and still in school.
Tourism is a shining, job-creating light in an otherwise struggling South African economy.
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A key figure in developing global emerging markets policy; there’s even a comic book on his life!
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A few months ago the dam was only 27% full.
The #ForeignerMarch has turned violent. Police had to use stun grenades and rubber bullets to disperse the crowd.
M&G reports that Sars Commissioner Tom Moyane declared an intergovernmental dispute against Finance Minister Pravin Gordhan.
Tensions are high in Atteridgeville as a group calling itself Mamelodi Concerned Residents prepares to march against immigrants.
Former Eskom CEO Brian Molefe was sworn in as a Member of Parliament replacing Abram Mudau this week.
Joburg mayor Herman Mashaba has condemned the violence in the strongest possible terms and says he will lay charges.