Khune, who after a string of brilliant performances for his club, saw him win three straight man-of-the-match awards against Cape Town City, Maritzburg United and Golden Arrows during the period of August and September.
The judges felt Khune produced an impressive display and kept his team together during this time. He also stood out for his leadership qualities which saw him lead the Naturena-based side from the back.
Khune, from Ventersdorp in the North West, took the award after receiving the most votes from a panel of experts made up of former players, broadcasters and analysts. He beat the in-form Lerato Lamola from Arrows, Citizens captain Robyn Johannes and Baroka forward Gift Motupa.
Durban-born coach Larsen guided Abafana Besthende to three wins and two draws during this period, with his side impressively beating champions Bidvest Wits away from home, city rivals AmaZulu and Platinum Stars also away from home. He had guided his side to second on the log by the start of October.
The judging panel were impressed by the continuation of the exciting display his team produced last season, keeping the core of his team, smartly managing to blend youth and experience well and grinding out victories despite the little resources at his disposal.
This time last season Larsen won the same award. Two other coaches also came into contention for the award in Benni McCarthy and Kgoloko Thobejane.
The player and coach of the month awards were selected by a panel of judges made up of members of the broadcast media and football analysts and was convened by analyst and former footballer Marks Maponyane.