#SAA denies procuring bottled water, fuel at premium

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It said it bought bottled water at a rate less than the wholesale price (R2.75) suggested on social media platforms and was also comfortable it was buying fuel, which accounts for about 25 percent of its operating costs, "within a competitive price range".

Last month, SAA's chief financial officer told Parliament the airline's losses for the current year were expected to reach R4 billion, exceeding a forecast of R2.8 billion, due to the retirement of five aircraft which had forced it to cancel flights.

New chief executive Vuyani Jarana told Parliament's standing committee on finance that SAA would have to find R4 billion to pay back foreign and local lenders by the end of March in 2018.

African News Agency/ANA