"We stand by its findings and expect the full recommendations to be [implemented]," he told reporters in Johannesburg.
He was addressing the media on the findings of a ministerial committee, headed by retired judge Chris Nicholson, established to investigate the failure by CSA to take sterner action against its CEO Gerald Majola.
An external audit in 2011 found Majola had contravened sections 234, 235 and 236 of the Companies Act.
The ministerial committee also said that the CSA's board were complicit in a cover-up to protect Majola.
CSA's board of directors would meet on Saturday to discuss the Nicholson report and its recommendation to suspend Majola for 180 days, pending a disciplinary hearing.