The decision comes in the wake of Sunday’s home defeat to Richards Bay FC, which left The Rockets with nine losses in their last 10 league matches and only collecting just a single point in that stretch since returning to action post AFCON.
Surprisingly, Galaxy’s struggles in the league contrast sharply with their impressive form in the Nedbank Cup, where they have progressed to the final and are set to face Durban City on 2 May at Peter Mokaba Stadium.
It is not yet clear who will take over in the interim but indications are that assistant coach Bernard Parker could be installed as the caretaker in the five crucial games that remain – including the cup final.
Beganovic’s exit follows a challenging period for the club, which has undergone significant squad changes over the past year.
Chairman Tim Sukazi has been open about Galaxy’s business model of selling key players and reinvesting but the scale of departures appears to have taken its toll.
More than 10 core players have been sold to rival clubs Kaizer Chiefs, Orlando Pirates and Mamelodi Sundowns and as recently as the January transfer window, winger Puso Dithejane secured a move to Chicago Fire in the MLS, while defender Khulumani Ndamane joined Sundowns.
These departures, coupled with a FIFA-imposed transfer ban earlier in the season, left Galaxy thin on resources, forcing them to at one stage name a matchday squad of just 13 players in their MTN8 fixture against Sekhukhune United.
Despite the latest development, Beganovic will departs with some credit having guided the team to a top eight finish last season and into a major cup final for the second time since first arriving at the club as assistant to Sead Ramovic.
Galaxy have it all to do now with the 25 points putting them at risk of being dragged into the relegation dogfight even though there are five clear of the play-off place.