The Collaborative Economy

PUBLISHED Aug 18, 2022, 7:16:40 PM        SHARE

imgpiggybank advisor

The collaborative or sharing economy is an emerging phenomenon that is shaping the cultural, economic and social landscape of the modern world. Applications of the sharing economy concept have found their way into various areas. For example, in finance, the collaborative economy means person-to-person banking and crowd-driven investment models that decentralise finance, with examples including peer-to-peer funding platforms like and IndieGoGo. With variations of the concept of the sharing economy emerging in so many fields, the area of shared mobility – the shared use of a motor vehicle, bicycle, or other mode that enables travellers to gain short-term access to transportation modes on an on-demand basis – has developed as the forerunner of the transformation to be expected in other areas. Car sharing emerged in the 1950s when membership was primarily motivated by economics and it has since continued its worldwide growth. With car sharing, individuals gain the benefits of using private cars without the costs and responsibilities of car ownership. Thus, instead of owning one or more vehicles, a household accesses a fleet of vehicles on demand basis.

Zimbabwe, a major problem that has emerged in major cities is traffic congestion. Piggy notes that there has been a significant growth in the number of motor vehicles in Zimbabwe over the past years. The numbers have been boosted by an increase in the importation of second-hand vehicles, mainly from Japan, South Africa and UK. The increase in the number of vehicles has not only increased carbon emissions but has increased the demand for fuel (petrol and diesel). Another important factor is that many households in Zimbabwe are allocating a significantly large proportion of their income towards motor vehicle expenses (insurance, parking, fuel, maintenance and licensing expenses). There is need to explore different solutions earmarked at reducing congestion, carbon emissions and fuel imports. Carsharing models enable individuals to share trips to reduce costs and optimize collective travelling. Some cities in emerging markets such as Brazil are already making use of car sharing to curb congestion and air pollution. In North America, most cities have a transportation plan that focuses on sustainability and using environmentally friendly modes to reduce emissions.

Zip Cars in North America & Congestion on Zimbabwean Roads

Source: Mark & Associates Consulting Group

Carsharing is indeed part of a larger trend of shared mobility. Zipcar, for example, is one of the world’s leading car-sharing network. It is a subsidiary of Avis Budget Group with over a million people across 500+ cities and towns globally having access to over 12,000 Zipcars. Zipcar provides automobile reservations to its members, billable by the minute, hour or day; members may have to pay a monthly or annual membership fee in addition to car reservations charges. The main factors driving the growth of carsharing are the rising levels of congestion faced by city dwellers; shifting generational mindsets about car ownership; the increasing costs of personal vehicle ownership; and a convergence of business models. Generally, carsharing contributes to sustainable transport because it is a less car intensive means of urban transport. According to The Economist, carsharing can reduce car ownership at an estimated rate of one rental car replacing 15 owned vehicles. Overall, car-sharing presents a potential of sustainable urban mobility. However, city authorities in Zimbabwe need to be ready to support the sharing culture so that this alternative to car ownership is successful.

Another case of sharing economy that shapes the personal mobility space is ride sharing (or ride hailing – vehicle owners allowing other passengers to ride in the same vehicle to and from the same or similar destinations), with Uber being the most prominent example of a platform enabling peer-to-peer transactions. In Zimbabwe, EcoCash Holdings runs the Vaya ride-hailing service. Piggy maintains a strong view that Vaya has the potential to generate value when macroeconomic fundamentals in Zimbabwe improves. That said, new technologies and innovation remain the group’s major investment thesis and investors should be taking long term positions in the stock. Piggy rates EcoCash Holdings Long Term BUY. Get more tidbits on the stock market by joining a PiggyBankAdvisor WhatsApp Group (+263 78 358 4745).

Originally posted on

Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
The Top 3 Dividend Aristocrats Now

When it comes to finding ways to compound wealth over time, we believe the best way is to buy high-quality dividend stocks, reinvest dividends, and hold them for the long-term.

Will Meta Stock Go Up? Panic, or not to Panic, That is the Question

Will Meta stock go up? Many investors have become skeptical about the future of Meta Platforms due to the continuous loss of share price and advertisement revenue.

Due For A Pull Back

Stock Market Commentary

Cisco Systems: Time To Buy

The bear market is making retail and professional investors nervous, but the market will not be down forever.

Medical Properties Trust (MPW): Undervalued and 7%+ Yield

Medical Properties Trust, Inc. (MPW) is one undervalued company I bought recently because it has been down over 40% since its high in the ~$24 price range.

Comcast (CMCSA): Undervalued and 2.5% Yield

The markets have recovered a little over the past three weeks. But the market is still down for the year. Thus, the market has brought down many stocks with it. Over the past three weeks, the market has been up a little over 7.5% from this year’s lows.

Will Appian Stock Go Up?

Most Appian investors are getting edgy and wondering, will Appian stock go up? The stock drop has caused anxiety among investors in recent months. However, the trend may change acoording to analysts forecasts.

Apple Earnings Per Share – Why is Apple Dividend So Low?

If you are wondering why is apple dividend so low and what is the expected apple earning per share in the next quarter, read this informative article.


Stock Market Analysis & Commentary

GOOG Earnings Hit Slightly By the Current Economic Slowdown

Goog Earnings have been affected by the current economic activity, yet the revenues are still higher.

Tesla stock prediction as Sell-off of Bitcoin

What will be the price of TSLA stock in the coming months and years? Will it recover its position after this recent dip?

Nvidia Stock Price & Forecast | NASDAQ: NVDA

NVIDIA Corporation (NASDAQ: NVDA), the company invented GPU in 1999 which help the growth of the PC gaming market.

Political Agreements Boost Green Stocks and Semiconductors

Sen. Joe Manchin (D-WV) Has Decided to be Team Player

The Case for Buying the Dip

The case for buying the dip is based on the availability of undervalued assets in a market that has suffered indiscriminate selling.

Berkshire Hathaway Forecast ahead of Quarter 2 2022 Earnings Report

Berkshire Hathaway announced its Quarter 1 2022 earnings on 30th April. During the first quarter, earnings declined due to slowing economic growth and stock market pullback. Berkshire Hathaway quarter 2 2022 earnings are expected to be published on 5th August. Let's look at the current market trends and Berkshire Hathaway's performance to determine a possible outcome of the quarter 2 2022 earnings.

What Happened to Netflix Stock? Stranger Things About the Netflix Stock Drop in 2022

What Happened to Netflix Stock? A Horrible Series or just a scary episode of the Netflix Stock Drop in 2022? Let's explore everything!

Mrmd, bros

Headed for substantial growth

Bank of America Stock Price Today - BAC Making Huge Revenues in a Bear Market

Are you hunting the high-value stocks to make high returns even when the pessimism prevails? Bank of America Stock Price Today is just at the lowest level.

Why it’s Time to Start Buying TESLA Long

Is it possible to sell Tesla, the most shorted stock globally, as a potential long buy? On 21 July 2022, Tesla’s stock surged by 10%, attributed to its strong earnings in its Q2 2022 results. The surge was an unpleasant surprise for short traders, who made an estimated mark-to-market loss of over $1 billion.

Estimating Future Stock Returns, March 2022 Update

Well, finally the bear market… at 3/31/2022 the S&P 500 was priced to return a trice less than zero in nominal terms.

Resources for Publishers
Resources for New Investors
Boosted with BossCoin
Financial Literacy Leaders
Tom Hamilton
Wise Intelligent
Mark Robertson
Kevin Matthews II
Akeiva Ellis
Brendan Dale
Kenneth Chavis IV
Sharita Humphrey