Tefu Mashamaite, Itumeleng Khune and Mandla Masango will all be leaving.
Veterans Katlego Mphela, Siyabonga Nkosi and Josta Dladla will also be departing Naturena over the winter.
Speculation was rife over a number of issues at the club in recent days and club owner Kaizer Motaung put an end to all the rumours in Johannesburg.
“I know that the pens are itching and you (media) don’t want to hear my speech,” the chairman said. “We will address the issue of the coach, there has been a lot of speculation.
“We sat down and we agreed that it is time for change and time to move on. It is confirmed today that the coach and Chiefs have terminated the contract.
“The working relations are good and we have no issues to worry about.
“We have agreed to amicably allow the coach to move on. It was a very tough decision but in life one has to take certain decisions.