Khune won the award after his fine performances for Chiefs in the first round matches.
The Bafana Bafana goalkeeper has committed to maintaining the standard throughout the season.
“The last time I won this was three seasons ago,” Khune told the club’s website.
“I dedicate this honour to the entire Kaizer Chiefs family, as without a combined team effort I would never have won this.”
“It’s a motivation to be recognised and it makes every player to work harder,” Khune continued. “However, with every achievement comes responsibility. I look ahead to work hard with the team to win more trophies for the club.”