By SABC Sport
18th April 2024
The 18-year-old midfielder came up through the youth ranks at Amakhosi and broke into the first team this season.
He has played just twice for the senior team, coming off the bench in the second half of the Nedbank Cup last 32 defeat to Milford after playing just a minute in the DStv Premiership loss to Orlando Pirates.
But recognising the player's talent, Chiefs are determined to make sure no other team have a chance to snap up their youngster.
Chiefs Sporting Director Kaizer Motaung Jnr told his club's website: "We are very excited to be able to conclude this contract extension.
"Mfundo is an exceptional talent and we are looking forward to seeing him showcase his God-given technical ability with the senior team for many years to come.
"Mfundo's promotion is a testament to the great work in our development structures. We have built an environment that is conducive to producing talent for the senior team, which is fundamental to the ethos of Kaizer Chiefs.
"We have some hard-working people - from under-13 to the reserve side - who do not focus purely on winning but mainly on producing top footballers for the senior team."
Reflecting on his new deal, a delighted Vilakazi added: "I'm happy and excited to have a contract with a big club like Chiefs.
"It has always been my dream from a young age to play for the senior team and represent Kaizer Chiefs.
"I am looking forward to contributing to the club and paying back the management for believing in my talent. I thank all the supporters who always push me to do better, I promise not to disappoint."