Tembo has been in charge of SuperSport since coach Eric Tinkler resigned last term and looks set to continue having taken the side through their paces in the pre-season.
Matsatsantsa are scheduled to play their first league game of 2018/19 against Cape Town City in the Mother City on August 4 (18h00 kick-off).
"The trust means a lot to me because it is not always easy to be at the club for this long and you get such opportunities," Tembo said.
"All I can do is to appreciate the trust, the respect and the confidence the club has had in me.
"It's very important that I do my job properly as it is my last. I'm not really concerned about the position; what really matters for me is what do I do now not to disappoint the bosses who have shown confidence in me.
"I know I'm not under pressure other than the pressure to do well and not let down the club and the players, who have responded very well to my philosophy."
Asked if the club have told him whether he will be charge for the coming campaign, Tembo said: "For me it is just business as usual. I'm focusing on preparing the team and I have been in charge of the team for the last six months."
Should he continue to lead the team, Tembo is aware of the expectations from management.
"I have been here for quite some time and this is an ambitious club.
"It's all about winning things. For me, especially with the team we have and the players, we want to compete with the top three. That's our target and we know we have the players at our disposal for us to do that."
Meanwhile, Tembo also gave an update on defender Bongani Khumalo, who is training with the club following the expiry of his contract at Bidvest Wits at the end of June.
"We are still assessing him and if everything goes well during his period we will issue a statement on that as well."