The 28-year-old player has struggled for game time at Amakhosi under German coach Ernst Middendorp.
The Soweto giants have since released the following statement regarding Mahlasela.
"Kaizer Chiefs can confirm the loan move of Kabelo Mahlasela to Polokwane City."
"Kaizer Chiefs and City agreed that the midfielder will join Rise & Shine on a loan deal, from January 2020 until June 2020."
"The attacking midfielder joined Kaizer Chiefs from Bloemfontein Celtic in the January transfer window in 2018 during the 2017/18 season," a club statement read.
Mahlasela has struggled with injuries during his spell with the Naturena-based side.