Line a 22cmx28cm baking pan with baking paper. Ensure you have some paper overlapping on the sides to make it easier to remove the cake from the pan.
Preheat oven to 180 deg Celsius. Mix the buttermilk and eggs and set aside. In a large bowl, melt the 125g butter, add the hot water, oil and cocoa and mix well with a whisk
Sift the flour and baking powder. Mix in the sugar. Add half of the dry ingredients to the wet ingredients together with half the buttermilk/egg mixture. Repeat the process. Fold in the ingredients until combined. If there a lumps you can gently mix the batter with a whisk for a few seconds.
Pour mixture into the lined baking pan. Tap it on the counter top a few times to release any air bubbles. Bake for 45 minutes or until a toothpick inserted comes out clean.
In the meantime for the icing, mix the 75gram melted butter with the 3 tablespoon buttermilk,1 teaspoon vanilla, 2 tablespoon cocoa and the icing sugar. Use a whisk and mix into a smooth, velvety liquid.
Whilst cake is still warm prick a few wholes into the cake and pour the liquid icing over the cake. Place cake in the fridge for at least 2 hours to cool down before cutting into squares.
When slicing the cake dip the knife into some very hot water. Wipe the knife with some clean paper towels and then slice the cake. You will have to repeat this until the cake is fully sliced.
Store the cake in an airtight container up to a week in the refrigerator