Mosimane was sacked as Bafana Bafana head coach, SAFA confirmed on Tuesday morning.
SAFA president Kirsten Nematandani revealed that Mosimane is the only coach that has assisted SAFA by donating a portion of his salary in the pursuit of the development agenda of the association which included assisting the ex-professional football players to attend the coaching course that is currently on-going at SAFA House.
Bafana drew 1-1 against unfancied Ethiopia in their opening match of the 2014 Soccer World Cup qualifiers in Phokeng, outside Rustenburg, on Sunday.
They face Botswana in another crucial qualifying fixture in Gaborone on Saturday, and they play Gabon in an international friendly in Johannesburg later this month.
Mosimane, 47, signed a four-year contract in July 2010, replacing Brazilian Carlos Alberto Parreira shortly after the national team was eliminated in the first round of the World Cup in South Africa.
He got off to a superb start, guiding Bafana to six victories and only one defeat in his first nine matches in charge.
Assistant coach Steve Komphela would take charge of South Africa's next two matches.Mosimane’s record as Bafana coach:
South Africa 1 Ghana 0 (friendly international - 11/8/2010)
South Africa 2 Niger 0 (2012 Africa Cup of Nations qualifier - 4/9/2010)
Sierra Leone 0 South Africa 0 (2012 Africa Cup of Nations qualifier - 10/10/2010)
South Africa 0 USA 1 (friendly international - 17/11/2010)
South Africa 2 Kenya 0 (friendly international - 9/2/2011)
South Africa 1 Egypt 0 (2012 Africa Cup of Nations qualifier - 26/3/2011)
Tanzania 0 South Africa 1 (friendly international - 14/5/2011)
Egypt 0 South Africa 0 (2012 Africa Cup of Nations qualifier - 5/6/2011)
South Africa 3 Burkina Faso 0 (friendly international - 10/8/2011)
Niger 2 South Africa 1 (2012 Africa Cup of Nations qualifier - 4/9/2011)
South Africa 0 Sierra Leone 0 (2012 Africa Cup of Nations qualifier - 8/10/2011)
South Africa 1 Ivory Coast 1 [friendly international - 12/11/2011)
Zimbabwe 2 South Africa 1 (friendly international - 15/11/2011)
Equatorial Guinea 0 South Africa 0 (friendly international - 6/1/2012)
South Africa 0 Senegal 0 (friendly international - 29/2/2012)
South Africa 1 Ethiopia 1 (World Cup 2014 qualifier - 3/6/2012)