The fund has faced governance and operational challenges that have led to litigation and rising legal costs.
The new system will be rolled out across 69 municipalities in December.
Relaxation of lease exclusivity clauses has opened competition to a more diverse retail environment.
The minister believes it is a sunrise sector filled with new mineral opportunities for investors and the economy.
This comes after the organisation uncovered irregularities in the tender process for acquiring a new licence card printing machine.
The spectre of a VAT hike and rising fuel levies dampened the mood in the second quarter.
TIKZN executive said lithium was being mined and beneficiated at Dube TradePort
The increase adds 16 cents and 15 cents to the price of petrol and diesel respectively.
But the Organisation Undoing Tax Abuse has raised concerns about a tender for a new machine and whether card prices will be hiked.
