From $2020$ to the present date, many incidents and events caused a focused approach towards risk management and the role of risk managers. Examples of these events are the COVID$-19$ pandemic and the severe effects on many countries, economies, and businesses. South Africa is not excluded and is even further hampered by a severe shortcoming of power supply and inadequate service delivery to the people. These are all risk$-$related incidents$/$events involving risk managers to assist in the management thereof. According to an article in the Enterprise Risk Magazine $(2023),$ uncertainty also boosted the profile and role of risk managers, and it seems that, lately, large$-$scale risks happen more often, which requires solid, predictive risk management to cope with an increasingly cloudy business and environment. As such, it seems imperative that the role of risk managers is clear, and that the most appropriate risk management tools are available. The classic three lines of defence risk governance model endeavour to demarcate the various roles regarding the management of risks. Although there are many issues surrounding this model, it provides a foundational guideline between the roles of the main role$-$players in risk management.