However CSA has asked Faul, who according to insiders was "tired" of the in-fighting within the ranks of CSA and its affiliates, to reconsider his decision.
CSA's public relations manager, Altaaf Kazi, said that Faul would present his final decision to the Board on Thursday.
Faul took the reins at CSA following the suspension of long-time chief executive Gerald Majola in the wake of a ministerial committee finding that recommended disciplinary action and possible criminal charges against him following a two-year debacle over huge irregular IPL 2 bonus payments to himself and other CSA staff.
The second edition of the Indian Premier League was played in South Africa due to security concerns around elections at the time in India.
Majola's disciplinary hearing, which was scheduled to be finalised last month, is still to start amid challenges over the composition of the panel from his legal team.
Faul has been lauded for his efforts in his short tenure at CSA to bring about the transformation that Sports Minister has insisted on. (MORE)