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.

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