I tend to agree with what Mark has posted above.

The only thing I see changing when the act eventually comes into effect will be the use of the "trading as" name. This is something Dave brought up in a previous post. Essentially all sole proprietors using a trading name will have to register that name with Cipro (or its replacement). The only exception will be if you are trading as the name in your ID book.

So, if Joe Soap trading is already going by the time the act comes into existence, they will have to register their name within some period. If they start trading after the act comes into existence, they will need to register is straightaway.

Except for the above, I don't think the Act will have anything else do do with them as they are sole proprietors and not corpotate entities.