Papic returned to the 20-time league champions in December for a second stint in charge but has lasted less than three months at the helm.
Last week Papic called on for the need of reinforcements to the squad as they fell outside the top 10 in the league and with rumours brewing that he's received offers in South African and Tanzania - Papic has tendered his resignation.
The Serbian departs with goalkeeper coach Ben Owu with the club stating 'results have not met expectations' resulting in a need for 'new technical leadership'.
"My reasons are partly personal," Papic said in part of his official resignation letter, the club confirmed on Tuesday.
U-15 head coach Samuel Nii Noi has been placed as interim head coach until the club finds a successor to the experienced tactician.
1997/98 - Ted Dumitru (Sundowns) - The Romanian replaced Reinhard Fabisch and guided them to their first PSL title. Sundowns suffered just four defeats, finishing on 68 points.
1998/99 - Ted Dumitru (Sundowns) - Dumitru won The Brazilians' second successive PSL title in a season that was decided on GD of +5. Sundowns and Chiefs finished on 75 points.
1999/00 - Paul Dolezar (Sundowns) - Born in Yugoslavia, raised in France, Serbian citizenship, Dolezar's arrival helped Downs complete a hat-trick of league titles with 75 points.
2002/03 - Roy Barreto (Pirates, bottom left) - Zim-born Barreto won the league but was then escorted out of Chatsworth Stadium under heavy security – one of the reasons he quit.
2003/04 - Ted Dumitru (Chiefs) - The Romanian was back at it again as he led Amakhosi to their first ever PSL-era title. They finished on 63 points.
2004/05 - Ted Dumitru (Chiefs) - This time 62 points were enough for the Glamour Boys to finish as champions. He claims he left to pursue a research programme in local soccer.
2005/06 - Miguel Gamondi (Sundowns) - The Argentinean won the league as a joint-coach alongside Neil Tovey. He arrived in South Africa in 2005 as an assistant to Angel Cappa.
2010/11 - Ruud Krol (Pirates) - This was the Buccaneers' third PSL title. The Dutch legend led Pirates to a historic treble but ended up leaving and was replaced by Julio Leal.
2011/12 - Augusto Palacios - (Pirates) - The Peruvian mentor took charge of the Soweto giants between March and September 2012, following Julio Leal's sacking.
2012/13 - Stuart Baxter (Chiefs) - This was the year Amakhosi did the double as they won both the league and Nedbank Cup. Baxter clinched their first league title in eight years.
2014/15 - Stuart Baxter (Chiefs) - Baxter, now dominant in the PSL, led Amakhosi to both the league and MTN8 trophies. He is the last foreign coach to have won the title.
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