His office said South African President Cyril Ramaphosa would not step down and would seek a second term as leader of the ruling African National Congress (ANC).
The head of state, who recently in the UK on a state visitThis person was pressured to resign for allegedly hiding millions of dollars in sofas at his private game farm and then covering up the theft.
An independent parliamentary inquiry found Mr. Ramaphosa may have violated anti-corruption laws.
However, a spokesman for Mr Ramaphosa insisted he would not resign and vowed to gain support from allies.
Vincent Magwenya said: “President Ramaphosa did not resign based on a flawed report, nor did he step aside.
“The President has kept in mind the clear message coming from the branches of the ruling party who nominated him for a second term in leadership of the ANC.”
He added: “It may be in the long-term interests and sustainability of our constitutional democracy, beyond Ramaphosa’s presidency, that such a glaringly flawed report is challenged.”
The ANC’s national executive committee, which has the power to force the president’s resignation, will meet on Monday to decide on the 70-year-old leader’s future.
Mr Ramaphosa, who took office in 2018 pledging to tackle corruption, has denied any wrongdoing and has not been charged with any crime.
The scandal, dubbed “Farmgate” by South African media, surfaced in June when the country’s former chief of intelligence, Arthur Fraser, accused the president of concealing the theft of more than $4 million (3 million dollars). .2 million pounds) from his farm in 2020.
Mr Ramaphosa admitted the money had been stolen, but denied the amount and said it was $580,000 (£472,000) and came from the sale of buffalo.
But the independent parliamentary panel’s report questioned why the animals remained on the farm more than two years later.
It said Mr Ramaphosa had put himself in a conflict of interest situation, adding that the evidence “shows that the president may be guilty of a serious violation of several articles of the constitution”.
The report also criticized Mr Ramaphosa for not notifying the police according to proper procedures, choosing instead to refer the matter to the head of his presidential protection unit.
South Africa’s parliament is expected to debate the findings on Tuesday and vote on whether to trigger impeachment proceedings.