Ngcobo was colossal in goals during the second-half of the National First Division season as AmaBhubesi cruised to the title to earn their place in the 2017/18 Absa Premiership campaign.
However, chairman Pierre Delvaux decided to sell their spot to Usuthu after revealing it would be too much of a financial burden to run the club in the topflight.
Ngcobo, who joined Thanda in the January transfer window from Baroka FC, says the players' interests were not considered after they fought so hard to win automatic promotion.
“It’s too painful but there's nothing I can do because the decision is now made,” Ngcobo tells KickOff.com.
“It’s painful after so much effort one put in and at the end of the day, those efforts were about helping Usuthu.
“It will also take some time for me to get over this because I'll have to do it all over again to get another promotion, which is not easy.
“This was a life-changing moment [for players]. It'll be tough to change my life after facing this. But every phase in life passes and I hope this one will also pass.”
The former Royal Eagles shot-stopper is still unsure where he'll be playing his football next season but said there will be a meeting with new Richards Bay FC chairman Jomo Biyela, who took him from Baroka when he was the CEO of Thanda.
“I haven't planned anything but Bra J [Jomo Biyela] wants us to meet,” Ngcobo reveals.
“But it’s also not easy to talk to him because I'm not at the right place now, mentally. I had set my sights on playing in the PSL but that won’t happen.”