There are several ways to do this:

A simple way is using the os module:

import os
os.system("ls -l")

More complex things can be achieved with the subprocess module: for example:

import subprocess
test = subprocess.Popen(["ping","-W","2","-c", "1", "192.168.1.70"], stdout=subprocess.PIPE)
output = test.communicate()[0]

You can use os.system(), like this:

import os
os.system('ls')

Or in your case:

os.system('echo 1 > /proc/sys/net/ipv4/ip_forward')
os.system('iptables -t nat -A PREROUTING -p tcp --destination-port 80 -j REDIRECT --to-port 8080')

Better yet, you can use subprocess's call, it is safer, more powerful and likely faster:

from subprocess import call
call('echo "I like potatos"', shell=True)

Or, without invoking shell:

call(['echo', 'I like potatos'])

If you want to capture the output, one way of doing it is like this:

import subprocess
cmd = ['echo', 'I like potatos']
proc = subprocess.Popen(cmd, stdout=subprocess.PIPE, stderr=subprocess.PIPE)

o, e = proc.communicate()

print('Output: ' + o.decode('ascii'))
print('Error: '  + e.decode('ascii'))
print('code: ' + str(proc.returncode))

I highly recommend setting a timeout in communicate, and also to capture the exceptions you can get when calling it. This is a very error-prone code, so you should expect errors to happen and handle them accordingly.

https://docs.python.org/3/library/subprocess.html