Chiefs took the tough stance after a third straight season without silverware under coach Steve Komphela, who resigned three games before the campaign ended after fans rioted at Moses Mabhida Stadium following the team's Nedbank Cup semi-final loss to Free State Stars on April 21.
Motaung told his club's website: “It has become customary for us to host a ceremony where the club thanks and rewards the players, technical team, staff and other individuals who have distinguished themselves over the course of the season. However, this season was marked by unusual events, one of which was seeing the club go a third year without lifting a major trophy.
“Our decision was influenced by our displeasure with the team’s performance and not being able to achieve objectives we set for ourselves.”
He added: “We want to put this season behind us and concentrate on ensuring that we are in a position to challenge for major honours next season.
“Despite the disappointment, I would still like to commend the players and coaching staff for their commitment and I urge everyone involved with the club to strive towards restoring the club to its rightful place at the pinnacle of football and giving our loyal fans something to cheer.”