Kganyago told global leaders at the Stavros Niarchos Foundation lecture that the attacks were for reasons other than price stability.
He said the bank was put under pressure to force the banks to reconsider the closures, as they made it nearly impossible for the family to run its operations.
“We started feeling pressure to force banks to service these accounts, in violation of the law. In addition, we came under pressure to allow this family to obtain a banking licence by buying a small bank. We even faced the threat of bank licensing being taken away from the SARB altogether,” Kganyago said.
“We were using our independence to uphold a law against dirty money flows, and that made us enemies.”