The 59-year-old was appointed to the position in late December in a bid to change results after a difficult first half of the 2018/19 season.
But he lost four out of his four Absa Premiership matches in charge, followed by an early Nedbank Cup exit at the hands of National First Division side, Witbank Spurs, on Sunday.
Team of Choice chairman, Farook Kadodia, said: “After yesterday’s result I had a meeting with the coach to discuss what was the vibe he was getting from the players.
“This was an important question because five games into the job and the coach was not producing any results.
“The coach admitted that he was concerned himself and felt he had done everything as best he could to turn things around, but the results did not come.
“It was then decided that we both shake hands and, by mutual agreement, go our separate ways. Normally a new coach brings a new energy into a club and we had high hopes that this will be the case when we appointed Muhsin Ertugral. But unfortunately after five games this was not forthcoming.
“The club had to look at its survival and its future, so it was a ultimately a results based decision not to continue with the coach.”
Kadodia added that a replacement for Ertugral will be announced in due course.