The former Bafana Bafana coach will take over the reigns with immediate effect at Matsatsantsa after the club fired Cavin Johnson last Friday.
Igesund remains the only coach in local football to have guided four different clubs to Premiership titles.
The 58 year-old mentor captured success with Manning Rangers in the 1996/1997 season, Orlando Pirates (2000/2001), Santos (2001/2002) and Mamelodi Sundowns (2006/2007).
His two-year stint as the Bafana coach ended unceremoniously when the SA Football Association announced in June it would not be renewing his contract, which expired at the end of August.
During his tenure, the national side recorded 14 wins, nine losses and nine draws.
Igesund’s last stint as a club coach was with Moroka Swallows during the 2011/2012 season. He steered the club to the brink of a league title, finishing runners-up and only two points behind eventual champions Orlando Pirates.
He takes over a Matsatsantsa team languishing at the tail-end of the Premiership table — in 14th place — with just one win and four losses.
The string of below-par results, included being dumped out of the season opening MTN8 competition, losing 2-1 to Pirates.
Johnson became the first coaching casualty in the Premiership less than a month into the season. During his 13 month reign, the former three-time Premiership champions finished fifth in the league last season and failed to capture any cup silverware.
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