The IEC released the final election results and announced that the poll was free and fair on Saturday night.
The party took the decision at an emergency meeting of its National and Provincial Councils in Durban on Sunday.
Speculation is that the IFP may agree to another coalition in the province with the ANC, but the party says it will not participate in the national or provincial government while the court case is in progress.
The ANC polled most of the votes in the province, but failed to win an outright majority.
Smuts Ngonyama, an ANC spokesperson, has denied reports that the party's National Working Committee meeting, scheduled for Monday, has been postponed to allow for extra time in negotiations with the IFP about KwaZulu-Natal.
Ngonyama says the NWC meeting scheduled for Monday in Johannesburg will go ahead as planned, and that another meeting planned for Wednesday will also proceed as scheduled.
Ngonyama says the talks are aimed at evaluating the ANC's performance in last week's elections - Sapa.
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