Luke Grant speaks to Peter Switzer, www.growyourbusiness.com.au & author of ‘Join the Rich Club’, about an issue raised by a listener yesterday morning - the sale of Sydney airport.

A US-based company will be the majority shareholder of Sydney Airport and it hasn’t pleased some retail investors.  Mr Switzer says their gripe can be understood, anyone fearing this super $23.6bn sale as another local loss to big, overseas predators, should think again.

He says, this is a Paul Keating ‘dream come true’ where his ‘babies’ — the industry super funds that were born and gradually grew out of his compulsory super — are now as big as the banks!  And doing what banks never do, they’re investing and owning Australian businesses/assets.

Luke Grant speaks to Peter Switzer, <a href="http://www.growyourbusiness.com.au/">www.growyourbusiness.com.au</a>&nbsp;&amp; author of &lsquo;Join the Rich Club&rsquo;, about an issue raised by a listener yesterday morning - the sale of Sydney airport.
A US-based company will be the majority shareholder of Sydney Airport and it hasn&rsquo;t pleased some retail investors.&nbsp; Mr Switzer says their gripe can be understood, anyone fearing this super $23.6bn sale as another local loss to big, overseas predators, should think again.
He says, this is a Paul Keating &lsquo;dream come true&rsquo; where his &lsquo;babies&rsquo; &mdash; the industry super funds that were born and gradually grew out of his compulsory super &mdash; are now as big as the banks! &nbsp;And doing what banks never do, they&rsquo;re investing and owning Australian businesses/assets.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

Advertisement