Public Protector Thuli Madonsela's call came after Zuma launched last-minute court action delaying the release, saying he had not had time to respond to questions about so-called "state capture" by the Gupta family which stands accused of wielding so much power it was even able to nominate a cabinet minister.
"I disagree with those who say the 'state capture' investigation was not urgent," Madonsela told reporters.
"This matter has created so much fracture in the executive and in the country, it was necessary for the investigation to be done and to be done fast so that any cloud is cleared."
The Guptas - brothers Ajay, Atul and Rajesh - built an empire in mining transportation, technology and media after coming to South Africa from India in the early 1990s. One of Zuma's sons, Duduzane, is a business partner of the Guptas.
In March, deputy finance minister Mcebisi Jonas accused the family in a statement of offering him the job of finance minister, something he said he rejected.
Zuma, 74, has survived a series of damaging scandals, but has faced increasing criticism as the economy has stalled and after the ruling ANC party suffered unprecedented losses in local polls.
Madonsela said she had handed the report to parliamentary Speaker Baleka Mbete for "safe keeping", pending a court hearing next month.
But, in the latest political move, Mbete yesterday refused to accept the report saying that keeping such documents was not within the Speaker's duties.
Madonsela declined to comment on new reports that ANC lawmaker David van Rooyen had met the Guptas the night before his appointment as finance minister in December.
Under Madonsela, the Public Protector's office gained a reputation as a formidable corruption buster, handing down scathing findings against Zuma, state agencies and public companies.
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