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The DA is challenging the law in court, arguing that it is unconstitutional and threatens property rights in South Africa.

The parties have formed a new joint venture to house the 007 intellectual property rights.

Intellectual property rights and AI will surely be an important element in the upcoming negotiations, said David Smith, a professor of economics at the Pepperdine Graziadio Business School.

"This history teaches us that true redress requires protecting property rights, ensuring that no government is ever given unchecked expropriation powers ever again," the party said in a statement.

In 1913, the British colonial authorities passed legislation that restricted the property rights of the country's black majority.