He also holds a stake in Sanlam, a publicly traded financial services company outside Cape Town.
What Old Mutual and Sanlam plan to do with the proceeds is still not clear.
Sanlam, the country's second-biggest life insurer, with 150.5 billion rand of assets, is the most striking example.
Other assets include a stake in Sanlam, a publicly traded financial services company outside Cape Town and South African football club, Mamelodi Sundowns.
Sanlam, a life assurer, suggests that firms with comprehensive health policies may also avoid sharp rises in life, disability and medical insurance premiums.
Old Mutual and Sanlam are the leading shareholders in two of the biggest banking groups, Nedcor and Amalgamated Banks of South Africa respectively.
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Mr Daling expects Sanlam policyholders to be issued with bank smart cards offering a menu of investment products, and access to policy surpluses by the turn of the century.
He also owns a stake in Sanlam, a publicly traded financial services company outside Cape Town, and is the president and owner of the Mamelodi Sundowns Football Club.
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HIV-infected workers who get no treatment typically take 55 days of sick leave in their final two years at work, says Sanlam in a newly finished survey of South African firms.
But South African insurance company Sanlam bought up 49% of the company, and entered into agreements on the company's behalf to build a slew of financially unviable shopping malls -- backed by company assets.
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