The club announced the news today at a press conference at Moses Mabhida Stadium in Durban.
Nomvethe is currently the PSL's leading scorer with 121 goals, while he scored 16 times in 82 appearances for Bafana Bafana.
'Bhele', who broke through at African Wanderers in 1997, lead the line for Soweto giants Kaizer Chiefs and Orlando Pirates, as well as Italian trio Udinese, Salernitana and Empoli, Sweden's Djurgardens and Danish side Aalborg among others.
At the age of 34 he won the PSL Footballer of the Year and Lesley Manyathela Golden Boot awards for the second time with 20 goals for Moroka Swallows in 2011/12, as well as the League Player of the Season and Players' Player of the Season accolades. He previously won the prizes with Amakhosi in 1999/2000.
Nomvethe has featured once this season as a substitute in a 1-0 loss to SuperSport United at Lucas Moripe Stadium on August 8, having scored twice and provided one assist in 21 outings last term.
Usuthu teammate Mabhuti Khenyeza is the only other active PSL player to have scored over 100 goals.
KickOff.com salutes you Bhele for your outstanding service to South African football to date.