United Democratic Movement leader, Bantu Holomisa, has described corruption as amongst the issues that discourage investment in the country.

Holomisa says since South Africa attained democracy, corruption and looting of government funds have continued unpunished by the ANC.

The UDM leader says the ANC led government has failed dismally in the last 27 years in holding its officials accountable even though in all the administrations to date there has been huge corruption scandals but no one has taken the fall.

Holomisa was a guest speaker at this year’s Nelson Mandela Lecture organised by the Tshwane University of Technology.

Mandela was South Africa’ first democratic president.

Delivering a memorial lecture in his honour, Holomisa said corruption has gone on unpunished for too long. He regards the 27 years of this country’s democracy as horrible.

He says since the attainment of democracy South Africans have experienced one corruption scandal after the other.

From the arms deal, the Guptagate, to the current corruption-related testimonies coming out of the Commission of Inquiry into allegations of State Capture.

He says even though the introduction of the state capture commission is a good idea, such an inquiry is expensive and unsustainable.

Weighing in on the discussion, former police commissioner, Ria Phiyega, says corruption has a corrosive impact and agrees that it remains a challenge which discourages foreign direct investment.

Phiyega says it is up to individual citizens to stand up and fight the country’s ills for the sake of the future generation.

The former top cop says she is encouraged by the stance taken by some communities in protecting businesses from being looted during the recent civil unrests.

In her closing remarks, Phiyega called on individuals to start being vocal and become model citizens with integrity.

She further says it’s in the hands of every South African to ensure South Africa has a bright future.

Corruption remains a huge obstacle to SA’s huge obstacle: