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.

Join Mike Jeffreys from midnight to 5.30am Mondays, and Phil O'Neil from midnight to 5.30am Tuesday to Friday.

Join Mike Jeffreys from midnight to 5.30am Mondays, and Phil O'Neil from midnight to 5.30am Tuesday to Friday.

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