Baloyi played in the South African top-flight for over a decade for both Amakhosi and Mamelodi Sundowns while making 24 national team appearances.
He has seen the number of opportunities handed to up-and-coming youngsters decrease as clubs opt to look over the border for more experienced stoppers.
Baloyi feels that a lack of game-time for young goalkeepers will create a long-term problem for the national team.
This season as many as 50 per cent of goalkeepers are foreign nationals.
Bafana's current number one goalkeeper Ronwen Williams is widely regarded as one of the best shot stoppers on the continent but is already 33-year-old.
Back-ups, Sipho Chaine is 29-year-old while Ricardo Goss is 31.
Speaking at a recent event, the retired keeper explained in the Star: "We have a South African problem at the moment. If you look at the PSL, close to 60 per cent of the clubs are playing foreign goalkeepers.
"It's a problem that cannot be addressed by the PSL or the clubs alone, because both are businesses at the end of the day. They are focused on results and on finding players who are ready-made."
"As much as there is talent coming through club development systems, that talent is often developed for the benefit of the club, not necessarily for the benefit of the country," Baloyi added.