Alec Hogg: Amazon lines up its second biggest takeover

I am looking forward to being with you in our webinar at noon updating the BizNews share portfolio – it's only for Premium members. Click here to register. The portfolio's biggest holding is Amazon, back in the news this morning with a $9bn bid to buy Hollywood studio MGM. This will be the group's second biggest acquisition after Whole Foods. Click here to understand the relevance.

• I was fascinated to see Investec CEO Fani Titi this week propagating a message that SA's most successful private bank is targeting new clients. Good luck. With the Kantors and Koseffs now long gone, hearing my own long-time banker is leaving Investec raised the unthinkable. After interviewing Discovery's SA CEO Hylton Kallner this week, I'm definitely switching. What rational being who can resist 75% discounts on air travel, healthy food and other add-ons? No idea how Investec could counter that. Have a listen to my interview with Kallner by clicking here.