As earlier reported by KickOff.com, Baloyi had been giving his future some thought with his contract at Chiefs nearing an end, and it has now been confirmed that he will be pursuing other opportunities.
The former Bafana Bafana goalkeeper returned to Naturena as assistant goalkeeper coach to the late Alex Revoredo three seasons ago, after leaving the club for Mamelodi Sundowns back in 2004, during his playing days.
With Amakhosi having since roped in Lee Baxter – son of former coach Stuart Baxter, Baloyi has decided to call time on his coaching career as he eyes other business ventures as well as aiding in the development of young goalkeepers.
“I will be pursuing other business ventures. I will also be embarking in goalkeeping development programmes," Baloyi told Chiefs' website.
"I grew up at Chiefs and I will forever be grateful to the club for the opportunity to get where I am today.”
Club chairman Kaizer Motaung also expressed his gratitude to 'Spiderman', who served the club diligently for a combined 12 years as a player and a coach, and wished the 44-year-old all the best in his development endeavours.
“I wish to thank Brian for his contribution during his return to the club, which is his home," added Motaung.
"When we brought Brian back in the fold, we had intentions to have a longer engagement but he recently indicated a willingness to pursue other ventures.
"We gave him our blessings and we will continue to collaborate with him going forward. I wish to bid Brian farewell and success in his new endeavours.
“We look forward to continue working with Brian and on collaborative efforts to improve the goalkeeping area in our country.”